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Kore Potash Plc
Summary
| Project: | Kola | |
|---|---|---|
| Deposit: | Kola | |
| Location: | Congo, Democratic Republic Of The | |
| Commodities: | Potash-Magnesium | |
| Date: | 3/7/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 7-3-2017: Kore Potash Plc announces an Exploration/Drilling Update report for its Kola deposit at the Kola project. Drilling results incl. 4.72m @ 23.26% K2O, 36.84% KCl from 267.45m. Kore Potash Limited (ASX:K2P) (Kore or the Company) is pleased to annou | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Andrew Pedley (Internal) | |
| ABSTRACT: | Kore Potash Limited (ASX:K2P) (Kore or the Company) is pleased to announce the successful completion of the three drill holes at its Kola potash project that were aimed at expanding and adding confidence to the Kola resource for the DFS. Following the exceptional results in the first hole, EK_49 (see ASX announcement dated 23 January 2017), holes EK_50 and EK_51 have also both been successful in intersecting sylvinite mineralisation of mineable widths in areas that were previously not modelled (in the 2012 mineral resource) as containing sylvinite. These intersections will positively impact on the Kola resource update, expected to be completed early in the June quarter. Core will also provide material for DFS geotechnical test work. A fourth ‘extra' hole (EK_52) was drilled to test an area for sylvinite in the Hangingwall Seam. The hole intersected the seam but it is of carnallitite3 rather than sylvinite. Consideration will be given to completing additional seismic surveys of the area as a precursor to follow-up drilling. Comment by Kore Managing Director Sean Bennett: “All three of the planned holes at Kola have been successful and will allow us to build sylvinite tonnes in areas where none was modelled previously. This drilling marks the last of the holes for the update to the Kola resource which we plan to complete in the June quarter. We now shift the drilling rigs to the Dougou Extension Prospect where we will drill several holes to test follow up on the >4 m thick seam grading 55 to 60% KCl intersected previously.” | |
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