Coal explorer Ascot Resources has announced that drilling has commenced at its majority-owned Carbones de Titiribi coal project in Colombia, with the first of four drill rigs in operation in the El Basal concession within the license area.

The Perth-based company said the phase 1 drilling program at Titiribi comprises the 10 diamond drill holes for a total of 1600m and is intended to confirm the thickness, orientation and quality of coal seams predicted from recently completed field mapping work.

An extensive geophysical downhole logging program will immediately follow the diamond drilling to provide data to assist with the interpretation of the coal seam stratigraphy and subsequent geological modelling.

This modelling is planned to support the company’s target of defining a maiden coal resource estimate in accordance with JORC guidelines by the end of the first quarter.
Ascot executive chairman Paul Kopejtka observed the start of the drilling program, stating that he “looks forward to seeing results that can drive significant value for Ascot’s shareholders.”

The company also has two projects in Australia – the McPhees Gold Project in Western Australia and the Quartz Hill Project in the Northern Territory.

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