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Pacific American Coal's Elko Coking Coal Project 'looking really exciting at the moment'

Pacific American Coal Ltd (ASX:PAK) IR general manager Simon Klimt updates Proactive Investors, just ahead of the start of an 8,000 meter drill program at its flagship Elko Coking Coal Project in British Columbia, Canada.

Klimt explains that the fully-funded campaign has "the ultimate goal of getting both some core out, so we can have commercial discussions with potential partners; as well as heading us towards reserves."

"We are fully funded, which is really good for an exploration company. We're going to be fully funded for this project, and we've got cash in the bank to look at other opportunities, which we're actively pursuing at the moment," says Klimt.

Quick facts: Pacific American Holdings Ltd

Price: 0.031 AUD

ASX:PAK
Market: ASX
Market Cap: $5.53 m
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