RE: Way To Go KEN (+1) !!! Eigen337,
This new resource increase is above and beyond the additional leases required (see news release below);
Cline extends Colorado coal property by 14,387 acres
2012-05-14 12:05 ET - News Release
Mr. Ken Bates reports
CLINE MINING ACQUIRES ADDITIONAL PROPERTIES
Cline Mining Corp.'s wholly owned subsidiary, New Elk Coal Company LLC, has entered into an agreement with the Department of Wildlife (DOW) of the State of Colorado, significantly extending its present DOW coal mining property area at its New Elk coal mine in Las Animas county, southern Colorado.
The initial New Elk DOW coal mine lease covers an area of 15,553 acres, and the extension area will add a further 14,387 contiguous acres to the initial DOW lease, resulting in a new total coal lease property area of 29,940 acres.
The extended lease area is coal-bearing and the company has commissioned Agapito Associates Inc. to prepare a National Instrument 43-101 (NI 43-101)report of coal resources on the extended area. A resource report is expected by May 24, 2012, with the full report to be published within the regulatory 45-day period.
The initial DOW lease area contains 330.3 million tons of coal resources out of the total of 388.5 million tons of coal resources on all of the New Elk property, as reported in the updated NI 43-101 report titled, "NI 43-101 Technical Report, New Elk Mine Project, Los Animas County Colorado, USA Prepared for New Elk Coal Company LLC, subsidiary of Cline Mining Corporation," dated May 27, 2011, by Agapito Associates.
Dennis Mraz, PEng, a qualified person under NI 43-101, has reviewed and approved the technical information in this news release.
We seek Safe Harbor.