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Cline Mining Acquires Additional Properties Extends New Elk Mine
Posted on May 25, 2012.
Cline Mining announces an agreement with the Department of Wildlife of the State of Colorado to significantly extend their New Elk Coal Mine.
The Company also has purchased the Pacesetter property, that lies to the north of the mine portals. The acquisition of Pacesetter expands New Elk and the coal resource by another 1,346 contiguous acres.
The initial New Elk DOW coal mine lease covers an area of 15,553 acres, and the extension area will add a further 14,387 contiguous acres to the initial DOW lease, resulting in a new total coal lease area of 29,940 acres.
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