Colonial Coal Announces Initial Flatbed Resource Estimate
COLONIAL COAL INTERNATIONAL CORP.
Suite 200 -595 Howe Street, Vancouver, British Columbia, Canada, V6C 2T5
Telephone: (604) 568-4962
NEWS RELEASE
COLONIAL COAL ANNOUNCES INITIAL FLATBED RESOURCE ESTIMATE
Vancouver, B.C., Canada – November 27, 2017 – Colonial Coal International Corp. (TSX -V:
CAD) (the “ Corporation” or “Colonial Coal ”) is pleased to announce that it has recently
completed its previously announced first phase of its coal exploration program on its 100%
owned Flatbed coal proje ct (“ Flatbed”) located in northeast, British Columbia (see News
Release dated October 30, 2017).
Geologic modeling and resource estimation of the Flatbed exploration results, carried out by
Norwest Corporation (“ Norwest”), have identified an Inferred under ground mineable coal
resource of 298 million tonnes (Mt). Norwest’s review of the coal quality results from drill core
samples indicates these coal resources have coking properties after beneficiation.
The coal resources estimated by Norwest are in accord ance with the requirements of National
Instrument 43-101 Standards of Disclosure for Mineral Properties (“NI 43-101”) and have been
conducted in conjunction with the preparation of a NI 43- 101 technical report which will be
completed and filed on SEDAR within 45 days.
The Inferred coal resource estimates have been determined using a minimum seam thickness of
one metre, l imited to a maximum depth below surface of 900 metres. Eight coal seams are
present with true thicknesses from the exploration data ranging from 1.2 metres to 5.3 metres
that combine for an average total true thickness of 20.9 metres. Average seam dip is 11 degrees
towards the southwest. The resource estimates are shown below for each coal seam from
stratigraphic top to bottom.
David Austin, President and CEO of Colonial, commented on the Company’s recent exploration
results as follows: “ We are very pleased with and proud of our recent exploration results at
Flatbed and we congratulate our team on their success to date. We look forward to continued
exploration and further updates on plans for advancing the Flatbed property.”.
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Flatbed Coal Resource Estimates
Seam ID Formation Classification Resource (Mt)
B Gates Inferred 52.2
D Gates Inferred 36.6
E Gates Inferred 19.1
F1 Gates Inferred 21.0
F2 Gates Inferred 49.2
G Gates Inferred 34.8
J Gates Inferred 54.2
K Gates Inferred 30.9
Total Inferred 298.0
The estimated raw coal qualities for each coal seam, presented on an air -dried basis (adb), are as
follows:
Flatbed Raw Coal Quality
Seam
ID
Recovery
%
Moisture
% (adb)
Ash %
(adb)
Volatiles
% (adb)
Fixed Carbon
% (adb)
Sulfur %
(adb)
Volatiles
% dmmf
Coal
Rank
B 83 0.71 32.57 20.08 46.63 0.90 26.90 mvb
D 68 0.57 19.74 22.47 57.22 0.98 26.43 mvb
E 83 0.58 14.98 21.78 62.66 1.44 24.26 mvb
F1 100 0.31 22.83 19.85 57.01 0.45 23.86 mvb
F2 100 0.55 15.85 20.40 63.20 0.35 23.12 mvb
G 78 0.62 33.48 16.22 49.68 0.47 21.21 lvb
J 99 0.64 17.99 17.40 63.97 0.32 19.85 lvb
K 53 0.77 24.35 15.70 59.18 0.35 18.71 lvb
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The raw coal quality results have been adjusted for core loss. The amounts of core loss within
the coal seams are considered acceptable for the estimation of coal quality results as presented.
Volatile contents on a dry, mineral matter free (dmmf) basis, range from 18. 71% to 26.90%,
indicating that the coal seams range in rank from low volatile bituminous (lvb) to medium
volatile bituminous (mvb).
Washability tests, conducted at Birtley Coal and Minerals Testing (Calgary, Alberta), mostly
targeted clean coal in the 8% to 9% ash (adb) range. The estimated washed coal qualities and
laboratory determined theoretical yields (adjusted for core loss), are tabulated below using
results from the 9.5mm x 0.25mm size fractions, which typically comprise 97% - 98% of the
crushed Flatbed coal samples.
Flatbed Washed Coking Coal Quality (9.5mm x 0.25mm fraction)
Seam
ID
Cut Point
S.G.
Moisture
% (adb)
Ash %
(adb)
Volatiles
% (adb)
Fixed Carbon
% (adb) FSI* Theoretical
Yield %
B
1.55
0.56
9.29
24.74
65.41
7
58.3
D
1.45
0.43
8.86
24.83
65.88
5.5
59.5
E
1.50
0.70
8.33
22.28
68.69
8
80.7
F1
1.50
0.42
8.73
21.56
69.29
8
62.2
F2
1.60
0.82
8.05
20.98
70.15
7
83.2
G
1.55
0.53
8.64
20.57
70.26
7
54.2
J
1.55
0.47
8.66
18.17
72.70
4
79.2
K
1.50
0.48
5.61
18.40
75.51
4
65.8
* FSI values are rounded to the nearest half-unit.
This news release has been reviewed by Derek Loveday, of Norwest, a Professional Geologist
and Qualified Person as defined in NI 43-101.
About Colonial Coal International Corp.
Colonial Coal is a publicly traded coal corporation in British Columbia that focuses primarily on
coking coal projects. The northeast Coal Block of British Columbia, within which our
Corporation’s projects are located, hosts a number of proven deposits and has been the subject of
M&A activities by Xstrata, Anglo-American and others.
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Additional information can be found on the Corporation’s website www.ccoal.ca or by viewing
the Corporation’s filings at www.sedar.com.
For further information please contact:
Colonial Coal International Corp.
David Austin, President and CEO
604.568.4962
www.ccoal.ca
Forward-Looking Information
Information set forth in this news release involves forward-looking statements, including statements relating to the Corporation’s
potential sale of an interest in its Flatbed Property. Forward -looking statements are statements that relate to future, not past,
events. In this context, forward -looking state ments often address a Corporation’s expected future business and financial
performance, and often contain words such as “anticipate”, “believe”, “plan”, “estimate”, “expect”, and “intend”, statements that
an action or event “may”, “might”, “could”, “should”, or “will” be taken or occur, or other similar expressions. By their nature,
forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual
results, performance or achievements, or other future events, to be materially different from any future results, performance or
achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks:
risks associated with marketing and sale of securities; the need for additional financing; reliance on key personnel; the potential
for conflicts of interest among certain officers or directors with certain other projects; and the volatility of common share price
and volume. Forward-looking statements are made based on management’s beliefs, estimates and opinions on the date that
statements are made and except as required by law, the Corporation undertakes no obligation to update forward -looking
statements if these beliefs, estimates and opinions or other circu mstances should change. Investors are cautioned against
attributing undue certainty to forward-looking statements.
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE
EXPECTATIONS OF THE CORPORATION AS OF THE DATE OF THIS NEWS RE LEASE AND, ACCORDINGLY, IS
SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON
FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER
DATE. WHILE THE CORPORATION MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION
AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE SECURITIES
LEGISLATION.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
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