canada coal inc

http://www.canadacoal.com/

 

 

Canada Coal is a publically listed company focused on coal exploration and development in Nunavut.  Through its two wholly-owned subsidiaries, Canada Sovereign Coal Corp. and 5200 Nunavut Ltd., Canada Coal holds 75 active licenses comprising approximately 2,442,627 acres located on Ellesmere Island and Axel Hieberg Island in Nunavut (the “Nunavut Coal Property”).  Canada Coal commissioned a National Instrument 43-101 compliant technical report in respect to the Nunavut Coal Property, dated September 30, 2011 entitled “The Nunavut Coal Project-Ellesmere Island and Axel Heiberg Island, Nunavut, Canada” as well as an “Updated Independent Technical Report,” dated November 26^th, 2012, prepared by Keith McCandlish, P. Geol., P. Geo., and Susan O’Donnell, P. Geol., of DMT Geosciences Ltd. (formerly Associated Geosciences Ltd.)., Calgary, Alberta, Canada, a copy of each report is available on SEDAR at www.sedar.com.

 

Canada Coal Highlights

• Canada's Largest Undeveloped Coal Deposit
• Low-Sulphur Low-Ash Thermal Coal Targets Identified for Drilling
• All Coal Licences have been Issued
• Strong Proven Management Team

 

Corporate Objectives

Objectives To explore and develop Canada’s largest coal resource for the benefit of Canada Coal’s shareholders and Canada as a whole by: Exploring the coal licenses with the view to discovering significant high grade metallurgical coal deposits Improving ore body knowledge of the license areas and the development of a NI43-101 resource statement Establishing a basis for the development of sustainable coal mining operations Leveraging Canada’s stated objectives for arctic Sovereignty and Northern employment opportunities to further enhance the project Build a global market place awareness and investor following for the merits of coal production in the Arctic

 

The Nunavut Coal Project-Ellesmere Island and Axel Heiberg Island, Nunavut, Canada”
 

Senator Michael MacDonald
Director

Senator Michael L. MacDonald is a Nova Scotia businessman and long-time conservative activist who has held a number of jobs since the late 70’s on Parliament Hill in Ottawa. At the time of his appointment to the Senate, Senator MacDonald was the Vice-President of the Conservative Party of Canada. He serves on the Senate Fisheries Committee and the Committee for Transportation and Communications. Senator MacDonald is Vice-Chair of the Canada-US Interparliamentary Group, and serves on the Canada-Europe, Canada-South Korea, Canada-India and Canada-Taiwan Parliamentary Groups.

 

 

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National Instrument 43-101

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National Instrument 43-101 (the "NI 43-101" or the "NI") is a standard used for the public disclosure of information relating to mineral properties in Canada. The NI is a strict guideline for how public companies can disclose scientific and technical information about mineral projects on bourses supervised by the Canadian Securities Administrators.

NI 43-101 is a national instrument for the Standards of Disclosure for Mineral Projects within Canada. The Instrument is a codified set of rules and guidelines for reporting and displaying information related to mineral properties owned by, or explored by, companies which report these results on stock exchanges within Canada. This includes foreign-owned mining entities who trade on stock exchanges overseen by the Canadian Securities Administrators, even if they only trade on Over The Counter (OTC) derivatives or other instrumented securities.

Many publicly held Canadian mineral exploration and mining companies list on the TSX Venture Exchange (TSX-V) or the Toronto Stock Exchange (TSX). Some of these companies may also have listings on stock exchanges outside Canada, such as Johannesburg Stock Exchange, Australian Securities Exchange and London Stock Exchange.

Disclosures covered by the NI 43-101 code include press releases of mineral exploration reports,reporting of resources and reserves, presentations, oral comments, and websites. The NI 43-101 covers metalliferous, precious metals and solid energy commodities as well as bulk minerals, dimension stone, precious stones and mineral sands commodities.

The National Instrument 43-101 is broadly comparable to the Joint Ore Reserves Committee Code (JORC Code) which regulates the publication of mineral exploration reports on the Australian Stock Exchange (ASX). It is also broadly comparable with the South African Code for the Reporting of Mineral Resources and Mineral Reserves (SAMREC).^[1] The reporting codes are, however, not entirely congruent in practice, in that NI 43-101 is more prescriptive in terms of the manner in which mineral exploration reporting is presented, although the content of the technical reports, and the scientific rigors to which the mineral resource classifications within them are put, are often very similar.

For TSX listing purposes, an NI 43-101 Technical Report would have to be accompanied by a Report prepared in accordance with NI 43-101. For ASX listings, a JORC Mineral Resource Statement needs to be accompanied by a Valmin Valuation Report, while for JSE listings, a Competent Person's Report (CPRs), which is compliant with SAMREC and The South African Code for the Valuation of Mineral Assets (SAMVAL), needs to be submitted.

In many cases, NI 43-101 and JORC Code technical reports are considered inter-changeable and may be accepted by either regulatory body in cases of dual listed entities and, indeed, are accepted as the de facto industry reporting standard by many other jurisdictions which lack similar rigorous reporting standards or internationally recognized industry professional bodies. The LSE, for instance, accepts CPRs, Qualified Person's Reports (QPRs), and Mineral Resource Statements, compiled using JORC, SAMREC and SAMVAL, or NI 43-101, when accompanied by a NI51-101 Valuation Form, for listing on the LSE. Likewise, the Hong Kong Stock Exchange accepts reports prepared in accordance with NI 43-101,SAMREC or JORC

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Mercury Capital to Acquire Canada Coal

By: Mercury Capital Limited and Canada Coal Inc. via Marketwired News Releases

TORONTO, onTARIO -- (Marketwire) -- 07/07/11 -- Mercury Capital Limited (TSX VENTURE: MLC.P) ("Mercury Capital") is pleased to announce the execution of an agreement (the "Agreement"), on June 30, 2011, with Canada Coal Inc. ("Canada Coal") in respect to a proposed business combination to be effected by way of amalgamation (the "Amalgamation") of the parties. It is anticipated that the issuer resulting from the Amalgamation (the "Resulting Issuer") will be known as "Canada Coal Inc." or such other similar name, subject to TSX Venture Exchange approval (the "Exchange").

 

 

ABOUT CANADA COAL INC.

 

 

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Logistics Report Received for Arctic Coal Properties

Posted: October 22, 2012

October 22^nd, 2012, Vancouver, BC, Canada – Canada Coal Inc. (the “Company” or “Canada Coal”), (TSX-V: CCK) is pleased to announce the receipt of the Ice and Marine Shipping Assessment conducted by Enfotec Technical Services (the "Report"). This Report is now available on Canada Coal`s web page. The focus of the Report was to provide a detailed ice study and analysis of marine accessibility of Ellesmere Island’s West Fosheim Peninsula.  The findings of the Report in relation to ice conditions and possible shipping scenarios are in line with the Company’s expectations. Shipping windows of 2, 3 and 6 months have been considered using Polar Class 3 vessels to transport up to 5.25 million tons per year.

The Company will seek to proceed to the next level of its exploration phase which will inter alia include a more detailed shipping study, hydrographic surveying, port infrastructure analysis as well as ways to further improve future logistical solutions. Continued exploration is now being planned for 2013 to further explore the known high grade thermal coal deposits and continue to explore for metallurgical coal deposits.

Braam Jonker, Chief Executive Officer and President of Canada Coal stated that: "We are encouraged by the findings of the Enfotec report and are excited to have confirmed the presence of high grade thermal coal with low sulphur and ash in our Ellesmere Island license areas. We are now planning a more detailed logistics study as well as a follow up to our successful 2012 exploration program. We will continue to consult with local communities and relevant regulatory authorities and communicate on a transparent basis with all stakeholders." Mr. Jonker further states, “Canada Coal is currently examining the potential for thermal coal on its arctic coal licenses as a solution for the current energy challenges in Nunavut. As part of this process, the Company will evaluate various fuel power generation technologies including coal to liquids (CTL) and coal water slurry (CWS).”

In compliance with National Instrument 43-101, Standards of Disclosure for Mineral Projects, Susan O’Donnell, B.Sc., P.Geol., of DMT Geosciences Ltd., is the Qualified Person responsible for the accuracy of this news release.