 | |
| |
Saskatchewan Coal
Canasia has received approval on some of its coal permit applications from the Saskatchewan Ministry of Energy and Resources, covering 52,834 hectares of prospective coal claims. (Approximately 130,500 acres). These permits are in close proximity to a recent coal discovery made by Goldsource Mines Inc. Once a response has been received on all outstanding applications, the board will establish a work plan for the coal prospects received.
Graeme Sewell, a director of Canasia stated, "If we are successful on these permits that would add another dimension to Canasia's growth plan. The coal sector within East Central Saskatchewan has been quite active recently, and management believes having an opportunity to potentially acquire permits in the area fits into the corporate strategy of maximizing shareholder value by the acquisition of significant land positions."
| | |
