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Davenport Resources Ltd.
Summary
| Project: | Ebeleben | |
|---|---|---|
| Deposit: | Ohmgebirge | |
| Location: | Germany | |
| Commodities: | Potash | |
| Date: | 6/18/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 18-6-2018: Davenport Resources Ltd. announces a Resource Estimation report for its Ohmgebirge deposit at the Ebeleben project. Historic resource estimate for Ohmgebirge deposit. Davenport Resources (ASX: DAV) ("Davenport", "the Company"), is pleased to an | |
| Resources: | (Resource, Historic): 149.09Mt @ 13.5% K2O for 20.1Mt K2O contained | |
| CP/QP: | [Overall Report]: Andreas Jockel (Independent) | |
| ABSTRACT: | Davenport Resources (ASX: DAV) ("Davenport", "the Company"), is pleased to announce an historic resource of 149.1 million tonnes at 13.5% K20 (20.1 million tonnes contained K20), of predominantly Sylvinite on its 100%¬ owned Ohmgebirge Mining Licence (Table 1) in Germany's South Harz basin. The resource was based on the results from 13 exploration drillholes sunk between 1894 and 1984 to test for potash at depth. This historic drillhole data was also re-modelled to estimate a JORC Exploration Target for the Ohmgebirge Mining Licence. Based on grade range of between 10.82% and 17.00% K20 for the sylvinite layer, an average tonnage of K20 between 20 and 46 million metric tonnes of K20 is estimated for this layer (Table 4), which is higher than the historic resource estimation. Davenport Managing Director Dr Chris Gilchrist said: "The results of the Ohmgebirge review show once again the quality of the potash resources that have been identified underlying our newly-acquired Perpetual Mining Licence areas. These areas were scheduled for production as extensions of the nearby GDR state potash mines, which were closed after German reunification in the early 1990's. Our focus is now on making an informed decision as to which areas to prioritise for further exploration with the aim of establishing Davenport's assets as Europe's largest unmined potash field. We are fasttracking the definition of JORC-compliant resources within our various license areas and we expect to be in a position to identify target areas for confirmatory drilling by July this year". | |
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