VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 31, 2011) - Colonial Coal International Corp. (TSX VENTURE:CAD) (the "Company" or "Colonial") is pleased to announce that it has filed applications for additional coal licenses adjoining the Company's Huguenot coal project.
These coal license applications target potentially coal-bearing strata at depth, and extend across areas that may be required for future mine and transportation-related infrastructure. These coal license applications total approximately 16,425 hectares(ha). Prior to this the Company's Huguenot coal project consisted of 13 coal licenses covering 6,467 ha plus two (earlier) coal license applications covering approximately 1,125 ha, totalling approximately 7,592 ha.
The Huguenot coal project is located approximately 70 km south-southeast of the town of Tumbler Ridge and 115 km southwest of the City of Grande Prairie, Alberta. Current access into the project area is provided by a network of Provincial paved highways and un-paved, all-weather roads built for forestry and oil and gas exploration and development. Apart from these access routes, there is no major infrastructure in the vicinity of the project area. The project is located approximately 65 km southeast of a rail line (operated by CN Rail) that terminates at the Quintette Coal Mine load-out facility approximately 17 km south of Tumbler Ridge.
The Company has presently allocated approximately $3.35 million to cover its Hugeunot coal project 2011 exploration budget, and a further $550,000 has been allocated for baseline environmental studies which are expected to be initiated in Spring 2011.
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