Kaili Resources announced that its 100% subsidiary company APEC Coal has finalised its drilling on its Maryvale Coal Project located south west of Brisbane in South East Queensland within EPC 1539 and EPC 1506.
Image credit: Kaili Resources ASX release
Kaili said 5 chip holes and 1 partially cored were completed for a total advance of 1228 metres including 7.87m of Core.
According to the company, one hole (WK15) was drilled in EPC 1539 and the remainder (WK16 to WK 19) were drilled in the south west of EPC 1506 the partially cored hole (WK16C) was a twin hole or the chip hole WK16 at the same site.
Kaili told the ASX that all but 1 drill hole intersected the targeted Bulwer Seam, with WK 17 intersecting a portion of the underlying Condamine Seam.
“The results are preliminary only as a full stratigraphic correlation between the drilling in this program and historical drilling has not been completed,” reads the statement.
“A stratigraphic correlation of the Bulwer and Condamine Seams along with coal quality analyses from WK 16C will be reported when results are to hand.”
