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FYI Resources Ltd.
Summary
| Project: | Sino-Lau | |
|---|---|---|
| Deposit: | Sino-Lau | |
| Location: | Laos | |
| Commodities: | Potash | |
| Date: | 11/15/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 15-11-2016: FYI Resources Ltd. announces an Exploration/Drilling Update report for its Sino-Lau deposit at the Sino-Lau project. Drilling results incl. 220m @ 10.9% K2O from 208m. FYI Resources’ (the “Company” or “FYI”) is pleased to provide an update to | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Mark Pudovskis (CSA Global Pty Ltd.) | |
| ABSTRACT: | FYI Resources’ (the “Company” or “FYI”) is pleased to provide an update to the market on the recently completed twin drill hole at the Sino-Lao Potash Project in Laos, PDR. RZK-01A was the first drill hole undertaken by FYI on the Sino-Lao project since committing to transaction discussions and commencing project due diligence. The Company is continuing discussions with the owner of the Sino-Lao project with a view of entering into a joint venture (or other suitable transaction) with the project owner. The Company has no reason at this stage to believe that those discussions will not progress to a binding agreement but can give no assurance that the discussions will be successful. The drill hole was in the first instance designed to verify the quality and quantity of mineralisation reported for the original drill hole ZK-01 and secondly to provide confidence in the historic drilling and other supporting data on the project. While the twin drill hole RZK-01A confirmed historical results, the Company is of the view that the thickness of mineralisation is not typical of mineralisation in the project area. The site of the drill hole was chosen because earlier work by the project owner indicated structural thickening of the mineralised horizon in this area due to salt doming. The average thickness of mineralisation across the project has not been confirmed by FYI and requires further drilling. | |
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