Colonial Coal Announces Combined Results of Recent Preliminary Economic Assessments for Its Flatbed and Huguenot Projects

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Jan 09, 2019
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VANCOUVER, British Columbia, Jan. 08, 2019 (GLOBE NEWSWIRE) -- Colonial Coal International Corp. (TSX-V: CAD) (the “Company” or “Colonial Coal”). David Austin, Colonial Coal’s President and CEO, is pleased to announce that on December 21, 2018, the Company filed on SEDAR a Technical Report, in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Properties (“NI 43-101”) requirements, detailing the results of the recently completed Preliminary Economic Assessment (“PEA”) for the Gordon Creek Project (“Gordon Creek”) that forms part of the Company’s 100% owned Flatbed metallurgical coal property located approximately 27 kilometres south-southeast of Tumbler Ridge in northeast British Columbia. Highlights of the Gordon Creek PEA Technical Report were previously reported by Colonial Coal in a news release dated November 12, 2018.