Australian Potash Identifies Gold Potential Next Door to Gold Road

THE DRILL SERGEANT: Australian Potash (ASX: APC) has had a desktop review completed of the company’s Lake Wells project, located at the northern end of the Yamarna Greenstone belt of the Eastern Goldfields Province in Western Australia.

Australian Potash is hoping to emulate the feats of its neighbour Gold Road Resources (ASX: GOR), which announced gold results two kilometres south-east of APC’s tenement holding at the Ibanez prospect.

As a result, APC commissioned experts in the Yamarna region, CSA Global, to conduct a gold structural interpretation and targeting exercise of its tenements, which cover an estimated 65 kilometres of strike 60kms north-west & along strike of Gold Road’s Gruyere mine development.

Australian Potash said the review has identified 18 priority gold targets along a 62km strike length for further exploration and drilling, including nine high priority areas.

The company anticipates gold exploration and supporting drilling program to commence Q3 2017.

“We will keep the first class project team we have assembled clearly focussed on the delivery of the high value sulphate of potash (SOP) project at Lake Wells to capitalise on the strong outlook for premium quality SOP production,” Australian Potash executive chairman Matt Shackleton said in the company’s announcement to the Australian Securities Exchange.

“In parallel, the exciting regional gold discoveries, high-grade intercepts and results of the CSA Global review present a significant opportunity which demands further assessment.

“The Board will now work closely with our geological and corporate advisors to explore avenues to realise value from the gold potential of our vast and highly prospective ground position.

“We will be considering exploration programs over the coming weeks, with a view to drilling several of the higher ranked targets through Q3 2017.”

Website: www.australianpotash.com.au