NEWS !!! Quest Minerals & Mining Commencing Final Preparations for Pond Creek Mine at Slater's Branch
Thursday April 12, 6:30 am ET
PATERSON, N.J.--(BUSINESS WIRE)--Quest Minerals & Mining Corp. (OTCBB: QMMG - News; Frankfurt: QMN.F - News), a Kentucky based operator of energy and mineral related properties, today announced that they are in the final stages of completing the preparations needed to commence operations at their Pond Creek mine at Slater's Branch, Kentucky.
Rodney A. Robinson, President of General Mining, Quest's mine operator, stated, "With the installation of new 4 OTT cable and the 15 KVV power center, we intend to move our Fletcher DD-13 double headed roof bolter and Joy 14-10 continuous miner into the mine by weeks end. This will put us on the coal face by early next week."
Eugene Chiaramonte, Jr., President of Quest, stated, "The completion of the rehabilitation of our Gwenco mine at Slater Branch marks a further step in the come back of the company to enter a strong energy market. Last week samples tested by Standard Labs of Whitesburg KY showed BTU values of over 13,000 and sulfur below 0.6% (six tenths of one percent) sulfur. These values place the coal in the "super compliance" coal category. Recent inquires by large coal buyers place the market value of this run of mine product (with premiums) in the low $60/ton range." Mr. Chiaramonte went on to say, "We have ordered a core drill program to further delineate the seam thickness ahead of the miner. Based on prior cores we are driving toward 40" coal. We will also test the Taylor seam within our boundary in this core program. Based on a T&J Engineering report in 2003 there is over 1,700,000 tons of Taylor in place."
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