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Kore Potash Plc
Summary
| Project: | Kola | |
|---|---|---|
| Deposit: | Kola | |
| Location: | Congo, Democratic Republic Of The | |
| Commodities: | Potash-Magnesium | |
| Date: | 12/7/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 7-12-2017: Kore Potash Plc announces an Exploration/Drilling Update report for its Kola deposit at the Kola project. Drilling results incl. 3.26m @ 60.0% KCI from 297.24m. Perth, Australia 7 December 2017 – Kore Potash plc (ASX: KP2) (‘Kore’ or the ‘Compa | |
| Resources: | ||
| CP/QP: | [Overall Report]: Andrew Pedley (Internal) | |
| ABSTRACT: | Perth, Australia 7 December 2017 – Kore Potash plc (ASX: KP2) (‘Kore’ or the ‘Company’), is pleased to provide an update for the Company’s 97%-owned Sintoukola Potash Project, in the Republic of Congo (‘RoC’). “The assay results for EK_53 and EK_54 of 60-62% KCl are remarkable. These results support the likelihood that Kola is significantly larger than the current resource and that we can expect additional zones of exceptional grade, which could have a positive impact on the Project economics, post DFS. The Dougou Extension drilling campaign shows we have the potential for another Kola style deposit; while this is excellent news, the main focus for the business will be on delivering the Kola DFS next year.” Intersections are 61.9% and 60.0 % KCl over a thickness of 2.22 and 3.26 m respectively, replacing the previously grades based on converted downhole logged ‘gamma-ray’ data of 52% and 54.1% KCl over 2.20 and 3.20 m. The laboratory analyses were carried out by Intertek (an accredited laboratory) and data was accompanied and supported by industry standard QA-QC sample insertion and verification. The results confirm that the hosting Hangingwall Seam Sylvinite (HWSS) is of exceptional grade, and as mentioned in the announcement on 11 September, indicate the potential for significant expansion of the current Kola resource (Measured and Indicated Resource of 508 Mt grading 35.4% KCl). No additional exploration work is planned until after completion of the Kola DFS. If achieved, a significant increase in the size of the deposit would have obvious implications for the life-of-mine and project economics. | |
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