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Parkway Minerals NL
Summary
| Project: | Dandaragan Trough | |
|---|---|---|
| Deposit: | Dinner Hill | |
| Location: | Australia | |
| Commodities: | Phosphate-Potash | |
| Date: | 9/26/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 26-9-2017: Parkway Minerals NL announces a Resource Estimation report for its Dinner Hill deposit at the Dandaragan Trough project. Potash resource estimate tonnage increased by 370% at Dinner Hill. Parkway Minerals NL (“the Company” or “Parkway”) (ASX: P | |
| Resources: | (Resource, I+I): 910Mt @ 3.8% K2O | |
| CP/QP: | [Resources]: J.J.G. Doepel (Continental Resource Management Pty Ltd.) | |
| ABSTRACT: | Parkway Minerals NL (“the Company” or “Parkway”) (ASX: PWN) is pleased to announce an update to the phosphate and potash resources at its wholly owned Dinner Hill Deposit located 175 km north of Perth within the Company’s 100% Dandaragan Trough Fertiliser Project area (Figure 1). The Dinner Hill Deposit area comprises Exploration Licence’s E70/3987 and E70/4138 which cover a combined area of 332 km2 . Within this, the resource covers an area of approximately 52 km2 and the Exploration Target covers an additional 40 km2 . The resource and exploration target update uses drilling carried between 2011 and 2016 and takes into account recent metallurgical testing commissioned by Parkway. The project tenements cover two virtually horizontal greensand formations within the Cretaceous Coolyena Group: the Poison Hill Greensand and the Molecap Greensand. Over most of the area of the deposit they are separated by the Gingin Chalk and in places are underlain by a thin pebble horizon containing phosphatic nodules. An average thickness of about 11m of surficial, mostly sandy, cover overlies the greensand units. The greensands and the chalk contain significant amounts of phosphate as grains and nodules of fluorapatite. They also contain significant potash within the mineral glauconite. Figure 2 is a cross section through the deposit showing the geology and summary intersections through potash and phosphate mineralization. | |
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