Raven upgraded by drilling
News from CNW Group
Drilling at the Raven underground coal project continues to upgrade the resource
08:30 EDT Thursday, July 09, 2009
TSX-V TRADING SYMBOL: CEC
VANCOUVER, July 9/CNW/ - Compliance Energy Corporation (the "Company" or "Compliance")is pleased to provide an update on its drilling activities at the Ravenunderground coal project onVancouverIsland, BC. The results of this year's drilling will allow asignificant portion of the previously reported inferred resources to beupgraded to either measured or indicated when the 43-101 reportedresources are updated as part of the feasibility study being conductedby Pincock Allen & Holt. The feasibility study is expected in thesecond quarter of 2010. Drilling is progressing very well with a totalof twenty holes and 4962 meters completed to date out of a permittedprogram of up to 53 holes or 15,000 meters. A summary of the drillingresults is provided in Table 1 "Coal Intersections - Depth andThickness in Meters" shown below and the hole locations are shown onattached Figure 1 "Drill Hole Location Map".
Seam No. 1, which is the seam of primary economic interest, has beenintersected in all twenty holes at an average thickness of 3.23 metersor 0.43 meters thicker than the 'typical' thickness of 2.8 metersoutlined in the previous 43-101 resource report produced in 2007. SeamNo. 3, which is the second seam of economic interest, was intersectedin sixteen of the twenty holes and was of a mineable thickness (equalto or greater than 1.5 meters) in 12 holes. Where Seam No. 3 is presentin mineable thicknesses it averages 2.61 meters or 1.11 meters thickerthan the 'typical' thickness of 1.5 meters outlined in the previous43-101 resource report. (Note: all thicknesses represent drillintersected thickness and have not been corrected to true thickness). Asummary of drilling results to date is as follows:
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Table 1 - Coal Intersections - Depth in Meters and Thickness in Meters
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Drill Hole Seam 1 Seam 3/3 Upper(xx)
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Coal Intersection Depth Coal Intersection Depth
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from (m) to (m) Coal from (m) to (m) Coal
Seam Seam
Thickness Thickness
(m) (m)
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RAV-06-009 201.95 203.85 1.90 167.20 168.50 1.30
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RAV-06-010 130.10 132.20 2.10 96.25 97.40 1.15
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RAV-06-011 444.20 447.80 3.60 426.00 427.80 1.80
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RAV-09-001 54.30 57.70 3.40 4.20 6.20 2.00
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RAV-09-002 357.25 359.00 1.75 330.10 332.10 2.00
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RAV-09-003 12.40 16.50 4.10
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RAV-09-004 221.50 224.75 3.25 133.80 135.75 1.95
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RAV-09-005 311.00 313.15 2.15 282.75 285.55 2.65/
2.80*
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RAV-09-006 97.75 101.55 3.80
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RAV-09-007 190.30 194.60 4.30 162.50 163.55 1.05
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RAV-09-008 225.90 229.25 3.35 200.55 202.25 1.70
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RAV-09-009 212.00 214.50 2.50 185.75 188.80 3.05
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RAV-09-010 117.40 121.65 4.25 95.55 96.95 1.40
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RAV-09-011 31.75 35.55 3.80
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RAV-09-012 272.98 276.60 3.24/ 236.10 241.05 5.35/
3.62* 6.7*
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RAV-09-013 331.30 334.50 2.95/ 308.55 310.75 1.95/
3.2* 2.20*
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RAV-09-014 58.05 60.40 2.35 26.30 29.90 3.60
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RAV-09-015 302.35 306.35 4.00 279.35 282.45 3.10
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RAV-09-017 335.75 339.00 3.25 306.65 308.80 2.15
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RAV-09-018 27.60 32.10 4.50
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Drill Hole Seam 3 Lower Seam 4
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Coal Intersection Depth Coal Intersection Depth
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from (m) to (m) Coal from (m) to (m) Coal
Seam Seam
Thickness Thickness
(m) (m)
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RAV-06-009
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RAV-06-010 59.00 59.50 0.50
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RAV-06-011 393.00 394.20 1.20
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RAV-09-001 7.80 9.50 1.70
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RAV-09-002 332.70 333.65 0.95 254.50 255.30 0.80
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RAV-09-003
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RAV-09-004
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RAV-09-005 248.95 250.25 1.30
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RAV-09-006
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RAV-09-007 123.50 125.25 1.75
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RAV-09-008 161.40 163.60 2.20
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RAV-09-009 151.50 152.20 0.70
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RAV-09-010 97.20 97.35 0.15 53.20 54.70 1.50
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RAV-09-011
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RAV-09-012 200.10 201.30 1.20
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RAV-09-013 272.15 273.30 1.00/
1.15*
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RAV-09-014
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RAV-09-015 237.50 238.20 0.70
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RAV-09-017 272.90 274.00 1.10
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RAV-09-018
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* Note: Coal seam thickness excluding partings/including partings
(xx) Note: Where Seam 3 Upper and 3 Lower are not well defined the
interval is Seam 3 and is correlated with Seam 3 Upper pending
further study. This has been adjusted from the designation as
correlated with 3 Lower in the News Release of June 17, 2009.
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A basic geophysical logging suite of gamma, resistivity, caliper,density and deviation have been run on all holes with sonic, dip meter,acoustic televiewer, and neutron being run on selective holes. All coalintersections have been cored and sampled on a ply by ply basis and theinterpretation of the coal intersections presented in Table 1 aresubject to confirmation upon receipt of coal quality information. Thecore samples have been sent to Birtley Coal & Minerals TestingDivision of GWIL Industries inCalgary ,Alberta for coal quality analyses and washability testing. It isexpected that coal quality composite analyses and washability data willbe available in the fall of 2009. The drilling and coal quality programis under the supervision of Owen R. Cullingham, P. Geo., who is theIndependent Qualified Person for reporting purposes as defined in NI 43- 101 Standards of Disclosure for Mineral Projects.
Compliance Energy Corporation's shares trade on the TSX VentureExchange under the symbol CEC and investor information is available onthe Company's web page atwww.complianceenergy.com.
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On behalf of the Board of
COMPLIANCE ENERGY CORPORATION
John Tapics
Chief Executive Officer
The Toronto Stock Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
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Note: This release contains forward-looking statements that involverisks and uncertainties. These statements may differ materially fromactual future events or results. Readers are referred to the documents,filed by the Company on SEDAR atwww.sedar.com, specifically the most recent reports which identify important riskfactors that could cause actual results to differ from those containedin the forward-looking statements. The Company undertakes no obligationto review or confirm analysts' expectations or estimates or to releasepublicly any revisions to any forward-looking statements.
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To view "Figure 1 - Drill Hole Location Map" please see the link below:
https://files.newswire.ca/812/Raven_Coal.pdf
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For further information: Greg Werbowski, Investor Relations, or Rod Shier, CFO at (604) 689-0489
© CNW Grou