For thousands of other reports visit RSC's Mineral Intellingence Map
Kore Potash Plc
Summary
| Project: | Kola | |
|---|---|---|
| Deposit: | Kola | |
| Location: | Congo, Democratic Republic Of The | |
| Commodities: | Potash-Magnesium | |
| Date: | 1/23/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 23-1-2017: Kore Potash Plc announces an Exploration/Drilling Update report for its Kola deposit at the Kola project. Drilling results incl. 4.04m @ 58.9% KCl from 255.85m. Kore Potash Limited (ASX:K2P) (formerly known as Elemental Minerals Limited – ASX:E | |
| Resources: | (Resource, M+I): 573Mt @ 33.13% total at Kola | |
| CP/QP: | [Overall Report]: Andrew Pedley (Internal) | |
| ABSTRACT: | Kore Potash Limited (ASX:K2P) (formerly known as Elemental Minerals Limited – ASX:ELM) (Kore or the Company) announced on 23 November 2016 that it intended to drill a further 3 holes at its Kola potash project in Republic of Congo aimed at further expanding and adding confidence to the Kola resource for the DFS. The purpose of the first hole, EK_49, was to test the extension of the very high grade Hangingwall sylvinite seam intersected previously at Kola. Kore is very pleased to advise that it has intersected 4 metres of sylvinite grading 58.9% KCl from a depth of 255.85m. The next two holes EK_50 and EK_51 (in progress) are being drilled in large ‘gaps’ in the existing sylvinite resource. The mineralization in EK_49 is comprised of almost 60% sylvite (Figure 1), the remainder is halite and is without visible insoluble material - a deleterious component in most of the worlds potash ores. Due to its very high grade, the Hangingwall sylvinite seam may have a positive impact on the grade of the current (last updated August 2012) Measured and Indicated mineral resource for Kola (Table 2)1 if included in these categories which at present are only assigned to the Upper Seam and Lower Seam (573 Mt grading 33.13% KCl). The Kola resource is being updated and completion of this work is expected in Q2 2017. The current (August 2012) Hangingwall sylvinite seam resource is 47Mt grading 55.04% KCl, all within the Inferred Category. The Company will continue to move quickly through the current programme, and will provide further results as available. Following the drilling at Kola, the rigs will move to the Dougou Extension Prospect. Drilling will test the Dougou Extension Prospect. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report