RE: Cory881 where did you get this infoI believe this is where Cory881 got the information about Hole#4 being at 400 metres at the time of the Conference Call back on June 22:
Conference Call
Recap:
• Hole DK-10-02 was drilled vertically and is collared east of Parsons holes 226 and 270. Hole DK-10-02 intersected potash mineralization yielding 25.8% KCl over 5.5 metres (drilled width) from 150.10 metres to 155.65 metres, including 34.8% KCl over 2 metres (drilled width) from 150.10 metres to 152.10 metres. This zone is interpreted to be the upper portion of the
Houston Formation and additional X-Ray Diffraction (XRD) work is ongoing to determine the potash mineralogy. The confirmation of potash mineralization in this hole extends the Musley
deposit approximately 750 metres to the northeast and the deposit remains open to expansion in that direction. Other potash intervals returned lower values, typically less than 5% KCl.
• Hole DK-10-02 was expected to intercept 2 metres of potash mineralization at 25-30% KCL but hole 02 yielded higher potash grade with thicker mineralization almost three times the mineralization to what Parsons found in the past- which exceeded
Management expectations
• Hole DK-10-01 met management’s expectations
• Results for hole DK-10-03 expected shortly
• Hole DK-10-04 is under way and currently at 400 metres targeting a thick potash zone. (Estimated depth of 800 metres)
• Initiate environmental base land studies within the next several months
• BHP has increased/intensified their exploration in the area-building a mobile camp- conducting a Falcon
Survey fly over-Results will be shared to Allana via BHP
• Estimated
OPEX to be approximately 1/3 of the cost compared to Saskatchewan – Current estimate per ton at $70 OPEX
• Objective is to identify and prove a minimum of 20-25 years of mine life to start feasibility. Future annual production target - intention of producing 1 million tons per year
• Sanik is currently drilling
• Ethiopian Government is committed to constructing new 300km road
For more information and details to yesterday’s conference call please call the dial in number provided below:
Instant replay
Dial-in number(s): 416-695-5800 / 800-408-3053
Pass code: 5835567
Prompts: Full Name
End
date: 28-Jun-2010 11:59PM