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Kazakhstan Potash Corp. Inc.
Summary
| Project: | Chelkar | |
|---|---|---|
| Deposit: | Chelkar | |
| Location: | Kazakhstan | |
| Commodities: | Potash | |
| Date: | 1/5/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 5-1-2017: Kazakhstan Potash Corp. Inc. announces an Exploration/Drilling Update report for its Chelkar deposit at the Chelkar project. Drilling results incl. 3.4m @ 60.1% KCI from 797.0m. Kazakhstan Potash Corporation (ASX: KPC) is pleased to announce tha | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Jacky S.-L. Chan, George S.-K. Ma (Internal) | |
| ABSTRACT: | Kazakhstan Potash Corporation (ASX: KPC) is pleased to announce that the validated assay results from the remaining drill hole, No. 834, of the 2013–2015 exploration campaign on the Chelkar potash project confirm high grade sylvinite mineralisation at depth. Drill hole 834 was drilled to 1100 metres depth and intersected multiple horizons of exceptionally high grade potash mineralisation (Figure 1), including 3.4 m @ 60.1% KCl from 797 m, within a spectrum of halite-carnallitite-sylvinite evaporite sequence. The Chelkar Project is located approximately 100 kilometres south east of the city of Uralsk in north- western Kazakhstan, and approximately 160 kilometres north of the Satimola Potash Deposit (Figure 2). The company has a subsoil use contract of approximately 779 sq. km covering a domal salt structure containing horizons of sylvinite and carnallitite. Previous work on the project principally by geological teams from the former Soviet Union has identified a number of occurrences of potash mineralisation on the current contract area. KPC’s CEO Dr Wei Jiafu, commented “The validated assay results of DH834 are extremely encouraging, putting the Chelkar project sylvinite potentially at some of the highest-grade potash mineralisation in the world. This represents an opportunity for a low-cost operation in the future. We will continue to review the abundant historical drill results, including those of Soviet times, to evaluate the continuity and morphology of the high-grade sylvinite mineralisation”. | |
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