Cobalt Coal Corp. (CCCXF.PK) Updates Investors Concerning Westchester Expansion
Yesterday, Cobalt Coal Corp. announced that the Westchester Expansion is moving forward. Phase 1 of the Westchester Expansion involves the signing of a lease, adding new coal reserves immediately adjacent to the Company's current underground Westchester Metallurgical Coal Mine in McDowell County, West Virginia. It is accessible from Cobalt’s existing underground infrastructure. The Phase 1 Westchester Expansion comprises approximately 121 acres. It contains the same high-grade low volatile metallurgical Sewell Seam Coal currently undergoing mining by Cobalt at their Westchester Mine. Isopach maps (supported by historic core drill data on the lands) indicate that the seam thickness increases by as…