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Black Range buys USA project for $4m

West Perth-based Black Range Minerals is set to pay over $3.5 million in cash and scrip to acquire an advanced coal project in Alaska.

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Sutton, Alaska
Share-holders beware! I live in the area of the old coal mine sites in Sutton, Alaska. The Jonesville Mine area has been mined intermittently for almost a century now. Another reason not talked about by Black Range for the closure of the previous mines is that the coal seams are faulted. In other words, the old coal companies would be mining along a seam and it would suddenly disappear only to be located 40 feet or more down below. This faulting makes mining very difficult and shut down the strip and shaft mining because of the expense and hassle. I'm not surprised Black Range has not mentioned this to anyone. In addition there is strong community opposition to opening the coal mine. Since the demise of the Jonesville mine, many people have moved into the area and do not want the industrial activity in their backyard. Full Metal Minerals (FMM), a Canadian based mineral company, purchased coal mineral leases in the nearby Chickaloon area and they (FMM) were essentially chased off by the local community because of their strong opposition to coal mining in their community (not to mention that the actual mining of the coal was not as lucrative as FMM first thought). This may be another fine example of a mineral company trying to beef up their shares by with-holding important information from the public.

Sutton, Alaska
Share-holders beware! I live in the area of the old coal mine sites in Sutton, Alaska. The Jonesville Mine area has been mined intermittently for almost a century now. Another reason not talked about by Black Range for the closure of the previous mines is that the coal seams are faulted. In other words, the old coal companies would be mining along a seam and it would suddenly disappear only to be located 40 feet or more down below. This faulting makes mining very difficult and shut down the strip and shaft mining because of the expense and hassle. I\'m not surprised Black Range has not mentioned this to anyone. In addition there is strong community opposition to opening the coal mine. Since the demise of the Jonesville mine, many people have moved into the area and do not want the industrial activity in their backyard. Full Metal Minerals (FMM), a Canadian based mineral company, purchased coal mineral leases in the nearby Chickaloon area and they (FMM) were essentially chased off by the local community because of their strong opposition to coal mining in their community (not to mention that the actual mining of the coal was not as lucrative as FMM first thought). This may be another fine example of a mineral company trying to beef up their shares by with-holding important information from the public.

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