Located in the Sheridan coalfield north of Sheridan Wyoming, this property is approximately 1200 acres. The entitlement is currently composed of one coal lease. The North Ranchester property is about 5 miles south west of the Decker Mine in Montana, which has been producing coal since the early 1960s.
Located geologically near the base of the Paleocene Fort Union Formation, North Ranchester contains two coal beds, the Carney and Slater Creek beds. These have have been mined extensively in the area. Much data on the coal comes from older mines most of which are currently closed.
Based on surrounding outcrop and drill hole data of various types, approximately 50 million tons of coal have been estimated to exist on the property. Half or better of this material, based on current data, is believed to be open pit mineable.
Liberty Coal Energy is currently in the process of designing and permitting a multi-phase drilling program to establish the specific quality, thickness and attitudes of the Carney and Slater Creek coal beds within the property. This information will be included in reports and the data base, which will be used in the mine feasibility study. The feasibility study will provide the initial design of a mining plan, determine the capital cost of the operating project and determine the requirements necessary for submission of permit applications to the regulatory agencies responsible for overseeing coal mining in the State of Wyoming.
Liberty will also study surrounding lands to determine if there are logical extensions of its mining rights to expand the reserves/resources beyond the existing lease boundaries.