Plymouth Minerals confirms potash mineralisation from historic drilling
THE DRILL SERGEANT: Plymouth Minerals (ASX: PLH) has acquired historical the drilling results for six oil exploration wells – BATC-1 and five others – oil exploration wells within the company’s Banio project, a potash deposit located in the Congo Basin, on the coast of Gabon.
Plymouth Minerals explained the acquisition was part of its ongoing research into historical exploration activities at the Banio project.
The company explained its initial interpretation of the historical drilling data identified the shallowest salt sequence identified within the Banio project, and that potash mineralisation is interbedded within the salt sequence of the Congo Basin and within the Banio project.
Salt commences from depths of as shallow as 240 metres below surface with potash identified from 270m below surface.
Plymouth believes that, based on the data, there could be a high probability of a repeat style of potash mineralisation as seen elsewhere in the Congo Basin to the south also exists in Banio as it has identified a high degree of correlation over a 100km strike in the Basin.
The company said the acquired information is highly important to ongoing work at Banio and will guide the final planning of drilling locations and depths.
Plymouth recently announced a drilling program and the drill rigs are being mobilised to Gabon to test these targets.
Within the Banio Project tenement, all historical holes have provided evidence of extensive potash mineralisation.
“The acquisition of this high quality historical drilling data together with further detail on existing data, has substantially increased the prospective mineralised footprint of our Banio potash project and provided a number of outstanding near surface targets,” Plymouth Minerals managing director Dr Eric Lilford said in the company’s announcement to the Australian Securities Exchange.
“As a precursor to drilling this recently acquired historical data will be interpreted by an industry leading independent party to provide a Potash Exploration Target for the Banio potash project over the coming weeks.”
Website: www.plymouthminerals.com