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Davenport Resources Ltd.
Summary
| Project: | Ebeleben | |
|---|---|---|
| Deposit: | Muhlhausen-Keula | |
| Location: | Germany | |
| Commodities: | Potash | |
| Date: | 10/16/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 16-10-2018: Davenport Resources Ltd. announces a Resource Estimation report for its Muhlhausen-Keula deposit at the Ebeleben project. Initial mineral resource estimate for Muhlhausen-Keula. Davenport Resources (ASX: DAV) (“Davenport”, “the Company”) is pl | |
| Resources: | (Resource, Inf.): 1.13Bt @ 11.10% K2O for 125Mt K2O contained | |
| CP/QP: | [Resources]: Elizabeth de Klerk (Micon International Ltd.) | |
| ABSTRACT: | Davenport Resources (ASX: DAV) (“Davenport”, “the Company”) is pleased to announce a JORC 2012 Inferred Resource of 1,130 million tonnes at 11.10% potassium oxide (K2O) for the southern portion of its 100%‐owned Mühlhausen‐Nohra Mining licence in Germany’s South Harz region. The resource, which is predominantly sylvinite, was confirmed by internationally‐renowned consultancy Micon International Co Limited (“Micon”) based on available historic exploration data. The Mühlhausen‐Nohra area was explored during the 1960s and 1970s under former GDR state control. Extensive data from a total of 29 drill holes from within the resource area and 28 drill holes from outside the area were used to support the resource estimation. The results of the resource work compare well with the historic resource estimates and exploration target values defined by Ercosplan in 2017 (DAV announcement 16th November 2017). As with our Ebeleben Mining Licence, parts of the Mühlhausen‐ Nohra licence area were earmarked to be developed as an extension of the adjoining Volkenroda Mine from where 27.4 Mt of potash was extracted prior to German reunification in 1991. Davenport Managing Director Dr Chris Gilchrist said: “This project continuesto get bigger all the time. Thisisthe second of the areas where we have sufficient data to support a JORC Inferred Resource. As with the Ebeleben licence area (ASX announcement 3rd April 2018), Micon International Co Ltd has again confirmed an extremely large and high‐quality resource within the southern part of our Mühlhausen‐Nohra Mining Licence. This dramatic increase in our overall JORC Inferred resources means we are well on the way to declaring Europe’s largest potash resource. Equally important, is the significant quantities of minerals required for the production of high value multi‐nutrient fertilisers. Further work is still ongoing, and we believe we will have more significant announcements coming in the near future”. | |
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