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MagIndustries Corp MAAFF

MagIndustries Corp is engaged in development and exploration of potash salt deposits. The company has two business units: MagMinerals and MagForestry. It is primarily engaged in the financing, developing and placing into production or operation of the projects such as potash plant, a potash exploration and eucalyptus plantation and chip mill. Geographically all the operations are functioned through the region of Canada.


GREY:MAAFF - Post by User

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Post by deliceon Feb 14, 2012 5:22am
473 Views
Post# 19529732

High Grade Sylvinite Mineralisation Intercepted at

High Grade Sylvinite Mineralisation Intercepted at

Phase Two Drilling Intercepts High Grade Sylvinite Mineralisation

Extent of Kola Potash Mineralisation Continues to Grow

Perth, Australia – 06 February 2012 – Elemental Minerals Ltd. (ASX, TSX: ELM) ("Elemental" or "the Company") continues to intercept potash mineralisation and is pleased to announce the receipt of additional high-grade assay results from the Kola Potash Deposit Pre-Feasibility Phase 2 drilling programme within its Sintoukola Potash Project in the Republic of Congo. (Figure 1)

HIGHLIGHTS:

? Widest sylvinite zone yet intersected in the deposit area demonstrating potential for increased tonnage yields from the Upper Seam

? Drill-holes EK_17, EK_18, and EK_19 have returned significant high-grade results underpinning Phase 1 resources results and signalling the extension of the shallow mineralization footprint of the Kola deposit

? Shallow sylvinite intersections include:

o EK_18: 3.86m at 16.14% K2O (25.57% KCl) from 286.59m and 9.56m at 20.69% K2O (32.78% KCl) from 290.70m; and

o EK_19: 4.54m at 21.58% K2O (34.18% KCl) from 278.22m and 2.39m at 20.95% K2O (33.19% KCl) from 291.10m.

? Potash mineralisation has been further extended to both the west and east and still remains open laterally in most directions.

At the time of reporting, the Company had completed 11 core holes (EK_17 to EK_27) of Phase 2 for an interim total of 3,535m (Figure 2). Laboratory assay results for core samples have been received for 3 drill holes (EK_17 to 19). The assay sequence for EK_17 is incomplete at present as several core intervals through the mineralisation were selected for geotechnical testing. A complete sample and assay record will be reported when the data becomes available.

Drill hole EK_17 was drilled 370m northeast of Phase 1 drill hole EK_15 within an area of Inferred Mineral Resources and to a depth of 337.60m. The drill hole targeted an area of interpreted structural complexity that was treated as a loss zone within the original Resource Estimate, but intersected gently dipping strata and a typical mineralisation zonation including the presence of both the upper and lower seams.

Drill hole EK_18 was collared on the north western side of the Kola deposit approximately one kilometre west-southwest of Phase 1 drill hole EK_12 with the objective to test continuity of the mineralisation in a westerly direction (Figure 2). The drill hole intersected a 13.7m thick interval of potash (sylvinite) mineralisation before the hole had to be abandoned for drilling reasons.

The 13.7m wide intersection in EK_18 further extends high-grade sylvinite mineralisation to the west confirming geological interpretations made from Phase 1 exploration data (Figure 3). The lack of interburden layer (rock salt) in EK_18 makes differentiation between the upper and lower seams difficult. It is possible that only the upper seam has been intersected which would indicate an increase in sylvinite thickness of the upper seam in this location. For comparative purposes, the nearest Phase 1 drill hole EK_12 intersected potash intervals of 4.51m in the upper seam and 4.91m in the lower seam (Figure 3). The results from EK_18 indicate that potash mineralisation continues in significant stratigraphic quantities to the west of the area drilled in Phase 1 exploration.

(....)

https://www.elementalminerals.com.au/upload/documents/Phase%20Two%20Drilling%20Intercepts%20High%20Grade%20Sylvinite%20Mineralisation.pdf

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