Fertoz locates high-grade phosphate at Fernie project

THE DRILL SERGEANT: Fertoz Limited (ASX: ) has located historical phosphate mine shafts, associated stockpiles and a road base pit containing phosphate on the Marten tenements of the company’s Fernie project in British Columbia, Canada.

Fertoz explained it was aware of the existence of these from historical reports when it acquired the property, but no exact coordinates were available prior to field work.

Assays of phosphate stockpile samples using a portable Olympus X-Ray Flourescence (XRF) device were between 24 percent and 27 per cent phosphorous.

Fertoz conducted aanalysis over a grid traverse in the property with the XRF to locate the phosphorite zone, which it located within a road base pit located 1,200m from the shafts.

The pit averaged 20.7 per cent phosphorous on the surface of the phosphorate zone using the portable XRF, while rock float close to the pit exceeded 30 per cent phosphorous.

The pit has good road access and is suitable for easy trenching.

Fertoz said it is now finalising the exploration permit in preparation for drilling and trenching later this year at Fernie.

This will be the first work carried out on the property using modern methods.

“We have located the phosphate horizon which enables us to carry out a small targeted drill program and collect a bulk sample in 2014 for further testing,” Fertoz managing director Les Szonyi said in the company’s announcement to the Australian Securities Exchange.

“It is the same approach we have applied successfully at Wapiti East.

“Marten is particularly attractive because of the excellent road and rail access.”

Email: office@fertoz.com

Website: www.fertoz.com