CDB coal news - NAG mentionedCloudbreak applies for more Saskatchewan coal permits
2008-05-28 11:35 PT - News Release
Mr. Blair Naughty reports
FURTHER PROPERTY ACQUISITIONS IN SASKATCHEWAN
Cloudbreak Resources Ltd. has submitted an additional two coal permit applications to the government of Saskatchewan's energy resources permitting office.
This application encompasses 18,432 hectares (approximately 45,546 acres) in east-central Saskatchewan. These properties are in addition to the two properties announced in the company's news release in Stockwatch on May 15, 2008.
This area is currently being drilled by Goldsource Mines Inc. and North American Gem Inc. Goldsource said, "Most of the coal from the two intercepts is ranked as high volatile bituminous C and subbituminous A, and is believed to be from the Mannville/Swan River Group of Cretaceous age." The samples from North American Gem graded subbituminous A quality. Coal structures of Cretaceous age are reported to be generally very large and can encompass several thousand square kilometres.
The company is in the process of assessing other acquisitions in the area and plans to make further applications in the near future. Cloudbreak management plans to make the company a large landholder and player in this exciting new discovery area.
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