Elemental identifies third potash seam

/in /by

THE DRILL SERGEANT: Elemental Minerals has identified high-grade potash in a third seam at the Kola deposit, situated within the company’s 93 per cent-owned Sintoukola potash project, located on the Republic of Congo coastline.

 

Location of Sintoukola potash permit and historic drill hole locations. Source: Company announcement

 

The company said it is ready to now include all assay results from a recently-completed Phase 2 drilling program in an updated resource estimate of the Kola deposit.

Results include high-grade (sylvinite) mineralisation in a seam previously known to contain only lower-grade (carnallite) mineralisation located approximately 45m below the Lower Seam.

Highlights of the recent drilling campaign include:
 
Intersections from EK_32
 
–    4.65 metres at 18.01 per cent potassium oxide (28.53 per cent potassium chloride) from 289.87 metres in the newly identified Footwall Seam (FWS)

Intersections from EK_33

–    Upper Seam: 3.82m at 22.51 per cent potassium oxide (35.64 per cent potassium chloride) from 272.06m; and

–    Lower Seam: 5.64m at 10.89 per cent potassium oxide (17.25 per cent potassium chloride) from 278.91m;

Intersections from EK_35

–    5.27m at 17.85 per cent potassium oxide (28.27 per cent potassium chloride) from 264.03 in the newly identified Footwall Seam (FWS); and

Intersections from EK_36

–    Upper Seam: 4.65m at 19.16 per cent potassium oxide (30.35 per cent potassium chloride) from 281.10m.

Elemental said the results will be the last included in the Resource Estimate update for the Kola deposit as all data is currently compiled and validated for integration ready for its delivery.

Based on these and previous results, the company believes it remains on track to achieve its Phase 2 Exploration Target of between 320 million tonnes and 1.08 billion tonnes of potash mineralisation grading between 19 per cent potassium oxide (30.15% potassium chloride) to 21 per cent potassium oxide (33.33% potassium chloride).

“The discovery of a new seam is extremely exciting in the development of this project,” Elemental Minerals chief executive officer Iain Macpherson said in the company’s announcement to the Australian Securities Exchange.

“While we realise that we will have to complete more drilling and test work on this seam and it will not be included in our pre-feasibility study due for release later this year, the identification of a new seam shows the growth potential of our deposit.

“I am pleased that we have been able to meet our tight deadlines on all our assay results and I look forward on commenting on our resource update shortly.”