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Davenport Resources Ltd.
Summary
| Project: | Ebeleben | |
|---|---|---|
| Deposit: | Nohra-Elende | |
| Location: | Germany | |
| Commodities: | Potash | |
| Date: | 11/13/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 13-11-2018: Davenport Resources Ltd. announces a Resource Estimation report for its Nohra-Elende deposit at the Ebeleben project. Initial mineral resource estimate for Nohra-Elende deposit. Davenport Resources (ASX: DAV) (“Davenport”, “the Company”) is pl | |
| Resources: | (Resource, Inf.): 1698Mt @ 9.69% K2O for 165Mt 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 1,698 million tonnes at 9.7% potassium oxide (K2O) for the northern portion of its 100%‐owned Mühlhausen‐Nohra Mining licence in Germany’s South Harz region. The resource comprises 101 million tonnes grading 14.2% K2O from Sylvinite and 1,597 million tonnes grading 9.4% K20 from Carnallitite. The resource was confirmed by internationally‐renowned consultancy Micon International Co Limited (“Micon”) based on available historic exploration data. The declared resource occurs within the northern portion of the Mühlhausen‐Nohra mining licence, which has an area of 71.2 km2 (Figure 1). In addition, Micon identified a further portion of the Nohra‐Elende area as an Exploration Target and details will be summarised and released in the coming weeks. Davenport Managing Director Dr Chris Gilchrist said: “We are delighted with yet another large resource update that further confirms the quality of Davenport’s assets in Germany. This is the third 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), and the Mühlhausen‐Keula sub‐area (ASX announcement 16th October 2018), Micon International Co Ltd has again confirmed an extremely large and high‐quality resource within the northern part of our Mühlhausen‐Nohra Mining Licence. With a current total of now over 3.4 billion tonnes of JORC Inferred Resources under our control, we are one step closer to declaring Europe’s largest potash resource. Further review work of historical data from our Küllstedt licence is ongoing and permitting to drill early in 2019 has made satisfactory progress and is now at an advanced stage.” | |
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