RE: Major Winter Drill Program Whoops, that was the last one. Got this one today.
49 North, Westcore to begin winter drilling at FNR
49 North Resources Inc (C:FNR)
Shares Issued 15,135,677
Last Close 1/26/2012 $3.09
Friday January 27 2012 - News Release
Also Westcore Energy Ltd (C:WTR) News Release
Mr. Tom MacNeill reports
49 NORTH RESOURCES JV PARTNER ANNOUNCES MAJOR DRILL PROGRAM FOR MANITOBA COAL PROJECTS
49 North Resources Inc.'s joint venture partner, Westcore Energy Ltd., will launch its major winter drilling campaign on its FNR JV coal project located near the Pas in Manitoba. The FNR JV drill program is planned for 15 to 20 holes (2,200 metres) and will be twofold in its objectives: first, to complete the delineation drilling on the Quasar Main and Quasar Satellite coal deposits that they may be incorporated into an NI 43-101 resource report, and, second, to drill a large new target that has similar geophysical characteristics to deposits on Westcore's Black Diamond properties. Westcore as operator anticipates providing updates on a regular basis in the coming weeks, which will be news released as they are received. Highlights from the 2011 drill program on the FNR JV project can be found in Westcore's news release of March 30, 2011.
49 North looks forward to this year's winter drilling campaign to continue validating and expanding this coal project as it has large size potential in terms of both thickness and lateral extent. The project consists of five coal permits covering a large area of western Manitoba and eastern Saskatchewan, comprising approximately 10,273 hectares in aggregate. 49 North entered into a joint venture agreement with Westcore in 2010 (see 49 North news release of April 22, 2010, for full details) to explore these properties.
Westcore has collected a 500-kilogram bulk sample currently being tested by Quantex Energy Ltd., a company based in Calgary, Alta., developing a coal-to-liquefaction process for extracting synthetic crude and high-value carbon products from coal in an ultraclean and environmentally friendly manner.
We seek Safe Harbor.