Cash Minerals Announces Commencement of 43-101 Report on Division Mountain Coal Project in Yukon.TORONTO -- CASH MINERALS LTD LTD 1 Laron-type dwarfism 2 Leukotriene D 3 Long-term depression, see there 4. Long-term disability . (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:CHX See Chicago Stock Exchange. CHX See Chicago Stock Exchange (CHX). ), is pleased to announce the commencement of a 43-101 Report on the Company's Division Mountain Coal Project. The 43-101 Report will further advance the Division Mountain Coal Project, and along with the previously announced Uranium transaction, further enhance the Company's stated goal of becoming a energy company. Cash Minerals is also investigating the Coal Bed Methane potential of the Division Mountain area, as well as opportunities for power generation. The 43-101 Report on the Division Mountain Coal Property will review prior work which included a reported 67 diamond drill holes. Contingent upon the 43-101 Report, a Scoping Study on the project will be completed as well to provide order of magnitude A change in quantity or volume as measured by the decimal point. For example, from tens to hundreds is one order of magnitude. Tens to thousands is two orders of magnitude; tens to millions is three orders of magnitude, etc. potential project economics. In combination, the studies will address geology, coal resources and quality, mineability, mining costs and transportation options in sufficient detail to allow Cash Minerals to make decisions regarding possible development of the Project. The 43-101 Report is being conducted by Gary Stubblefield, P.Eng., a qualified person under NI 43-101 of Norwest Corporation, a leading North American coal and energy engineering consultancy. The Division Mountain Coal Project The Division Mountain Thermal Coal Project is located approximately 90 km northwest of Whitehorse, the capital and largest community in Yukon Territory. The deposit lies 20 km west of Highway 2 and Yukon's main power grid, and 300 km from the closest tidewater port at Skagway, Alaska. The coal deposit is 100% owned by the Company under five renewable 21 year mining leases. In addition, the Company owns 22 Coal Exploration Licences on approximately 3,493 square km of coal bearing stratigraphy stratigraphy, branch of geology specifically concerned with the arrangement of layered rocks (see stratification). Stratigraphy is based on the law of superposition, which states that in a normal sequence of rock layers the youngest is on top and the oldest on the in surrounding areas. Sink/float tests performed on the Division Mountain Coal Project in the late 1990's indicated that a conventional technology preparation plant will produce clean coal that compares favourably with other Pacific Rim suppliers and exceeds sales requirements for thermal coal in the Asian market, with essential clean coal parameters of 12% ash 0.46% total sulphur and 6170 kcal/kg calorific value; and is also suitable for pulverized pul·ver·ize v. pul·ver·ized, pul·ver·iz·ing, pul·ver·iz·es v.tr. 1. To pound, crush, or grind to a powder or dust. 2. To demolish. v.intr. coal injection (PCI (1) (Payment Card Industry) See PCI DSS. (2) (Peripheral Component Interconnect) The most widely used I/O bus (peripheral bus). ) used in steel production. The Company has also carried out wide ranging environmental surveys in anticipation of application for mining permits as well as extensive consultation with local communities in the region including First Nation, municipal, territorial and federal levels of Government. Cash Minerals - An Emerging Energy Company Cash Minerals Ltd., (CHX-TSX Venture Exchange) is an emerging energy company with coal assets and uranium exploration properties in the Yukon. THE TSX VENTURE EXCHANGE TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. CASH MINERALS LTD. (TSX VENTURE:CHX) |
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