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The Bache Peninsula property consists of 6-coal exploration licenses totaling 60,506 hectares located approximately 370-kilometers north-northeast of the community of Grise Fiord on the east coast of Ellesmere Island, Nunavut, Canada.
In a report (pre-dating NI 43-101 and therefore non-NI 43-101 compliant) dated November 19, 1992, revised January 14, 1993 by W.D. Kalkreuth, J.J. McIntyre and R.J.H. Richardson titled "The geology, petrography and palynology of Tertiary coals from the Eureka Sound Group at Strathcona Fiord and Bache Peninsula, Ellesmere Island, Arctic Canada" published by the Geological Survey of Canada, the authors reference several coal seams, visible and traceable for up to 2.5 kilometers on surface.
As noted in the report:"Coal seams of substantial thickness and lateral continuity are developed in the... ...Expedition Formation at Bache Peninsula. The coals are lignite/sub bituminous in rank and have low to moderate sulphur and variable ash contents." In addition, the authors noted:"Although no resource estimates have been done, a substantial volume of low sulphur, medium to high ash coals suitable for thermal generation are present in the Bache Peninsula Graben. Their location near the northern end of the "North Water", a polyana or perpetual ice-free area located at the northern end of Baffin Bay, enhance the exploitability of the resource."
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