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Plymouth Minerals Ltd.
Summary
| Project: | Banio | |
|---|---|---|
| Deposit: | Banio | |
| Location: | Gabon | |
| Commodities: | Potash | |
| Date: | 11/24/2016 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 24-11-2016: Plymouth Minerals Ltd. announces a Resource Estimation report for its Banio deposit at the Banio project. Exploration target delineated. Plymouth Minerals Limited (ASX: PLH) (“Plymouth” or the “Company”) is pleased to announce Exploratio | |
| Resources: | Exploration Target: 6.0-10.4Bt @ 12-14% K2O | |
| CP/QP: | [Overall Report]: Simon Dorling (CSA Global Pty Ltd.) | |
| ABSTRACT: | Plymouth Minerals Limited (ASX: PLH) (“Plymouth” or the “Company”) is pleased to announce Exploration Targets for potash mineralisation at its 100% owned Banio Project in Gabon (Table 1). Based on 2D-seismic interpretation and information from 6 historic drillholes which intersected potash, industry specialist consultants CSA Global Pty Ltd (“CSA”, or “the Consultants”) has delineated a significant Exploration Target. This is significant due to its large size, inclusion of portions of high-grade and shallow depth. The Exploration Targets are in two areas and cover a combined area of 126km2 within a larger area that is also prospective for potash mineralisation. The Consultants have estimated a total combined Exploration Target of between 6-10 Billion tonnes (Bt) grading between 12-14% K2O (19-22% KCl) of potash mineralisation. This 126km2 is within a larger prospective area of 600km2 covered by seismic data currently available. Managing Director, Dr Eric Lilford commented “The substantial and multiple Ndindi Exploration Targets provides an early stage quantification of the potash potential of this part of the Banio Project. Significant increases over and above the current target tonnages here are expected as more recently acquired additional data, which is currently undergoing verification, becomes available. Final mobilisation planning of the exploration equipment, camp and drill rigs is underway. Drillhole design based on the finalised target is in the process of being finalised and further updates will be provided to the market over the coming weeks.” | |
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