Friday, Nov18, 2011
Exploration activity in the Galilee Basin is hotting up due to its potential to host large coal deposits and Baru Resources is well placed to take advantage of this with drilling soon to commence at West Galilee.
Baru Resources is off the starting block at its north Queensland Coal Project with preparations for the first round of drilling at the West Galilee Project well advanced and negotiations with local farmers progressing.
The West Galilee Project comprises six contiguous, granted exploration coal permits and one application exploration coal permit covering an area of 6,732.4 square kilometres.
The project area is some 375 kilometres east of Mt Isa and 16 kilometres west of the town of Richmond, close to the northern margin of the Eromanga basin, which overlies the coal bearing Galilee Basin and in part the newly defined Millungera Basin.
It is located 110 kilometres west of Guildford Coal’s 1.036 billion tonne Hughenden Project, which lies at the northern end of the Galilee Basin.
Historically there has been very little exploration for coal deposits within and around the project area and a majority of the drilling in the surrounding areas were either targeted at petroleum or stratigraphic (geological) holes.
However, there has been increasing interest in the northern portion of the Galilee basin over the last 12 months.
The potential of the Galilee Basin to host large coal deposits is evidenced by Linc Energy’s project area in a similar basin margin stratigraphic setting, 120 kilometres to the east, with Indicated and Inferred Resources of thermal coal respectively of 161.4 million tonnes and 78.3 million tonnes.
(sourced Proactiveinvestors)
Exploration activity in the Galilee Basin is hotting up due to its potential to host large coal deposits and Baru Resources is well placed to take advantage of this with drilling soon to commence at West Galilee.
Baru Resources is off the starting block at its north Queensland Coal Project with preparations for the first round of drilling at the West Galilee Project well advanced and negotiations with local farmers progressing.
The West Galilee Project comprises six contiguous, granted exploration coal permits and one application exploration coal permit covering an area of 6,732.4 square kilometres.
The project area is some 375 kilometres east of Mt Isa and 16 kilometres west of the town of Richmond, close to the northern margin of the Eromanga basin, which overlies the coal bearing Galilee Basin and in part the newly defined Millungera Basin.
It is located 110 kilometres west of Guildford Coal’s 1.036 billion tonne Hughenden Project, which lies at the northern end of the Galilee Basin.
Historically there has been very little exploration for coal deposits within and around the project area and a majority of the drilling in the surrounding areas were either targeted at petroleum or stratigraphic (geological) holes.
However, there has been increasing interest in the northern portion of the Galilee basin over the last 12 months.
The potential of the Galilee Basin to host large coal deposits is evidenced by Linc Energy’s project area in a similar basin margin stratigraphic setting, 120 kilometres to the east, with Indicated and Inferred Resources of thermal coal respectively of 161.4 million tonnes and 78.3 million tonnes.
(sourced Proactiveinvestors)
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