Cloudbreak Resources Ltd.: Further Property Acquisitions in Saskatchewan
Posted on: Wednesday, 28 May 2008, 18:00 CDT
CLOUDBREAK RESOURCES LTD. (TSX VENTURE: CDB)(PINK SHEETS: CUDBF)(FRANKFURT: C6K). Cloudbreak Resources is pleased to announce it has submitted an additional 2 coal permit applications to the Government of Saskatchewan's Energy Resources Permitting Office. This application encompasses 18,432 hectares (approximately 45,546 acres) in east-central Saskatchewan. These properties are in addition to the 2 properties announced on May 15, 2008.
This area is currently being drilled by Goldsource Mines Inc. and North American Gem Inc. Goldsource announced "most of the coal from the 2 intercepts is ranked as High Volatile Bituminous C and Sub-Bituminous A and is believed to be from the Mannville/Swan River Group of Cretaceous age". The samples from North American Gem graded "Sub-Bituminous A quality". Coal structures of the Cretaceous age are reported to be generally very large and can encompass several thousand square kilometers.
The Company is in the process of assessing other acquisitions in the area, and plans to make further applications in the near future. Cloudbreak management plans to make the company a large land holder and player in this exciting new discovery area.
ON BEHALF OF THE BOARD
Blair Naughty, President & Director
This report contains forward looking statements, particularly those regarding cash flow, capital expenditures, and investment plans.
The TSX Venture Exchange has not reviewed nor does it accept responsibility for the adequacy or accuracy of this press release.
Contacts: Cloudbreak Resources Ltd. Rich Macey (604) 669-0401 (604) 669-0414 (FAX) Website: www.cloudbreakresources.com
SOURCE: Cloudbreak Resources Ltd.
Source: MARKET WIRE
Related Articles
- Continental Resources, Inc. Plans to Announce Fourth Quarter 2008 Results on Thursday, February 26, 2009
- Vena Resources Invests in the Clean Coal Business in Peru
- Gulfside Minerals Ltd.: Mongolia-Coal Project
- Silver Dragon Resources Inc. Signs Agreement to Increase Equity Interest in Sanhe Sino-Top Resources and Technologies, Ltd. From 60% to 90%
- Silver Dragon Resources Inc. Receives Business License and Completes Final Closing of Equity Purchase in Sanhe Sino-Top Resources and Technologies Ltd.
- Silver Dragon Resources Inc. Completes U.S. Closing of Equity Purchase in Sanhe Sino-Top Resources and Technologies, Ltd.
- China's Top Coal Producer Plans to Lift Coal Price
- MSO Holdings, Inc. Announces Agreement and Plan of Merger to Acquire Resources For Living, Ltd.
- Pennsylvania DCNR Seeks Comment on Resource Management Plan for Ridley Creek State Park
- DCNR Adopts New Resource Management Plan For State Forests Statewide Meetings, Widespread Feedback Helped Fine-Tune Document
User Comments (0)

RSS Feeds