TSXV:AAA.P - Post by User
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Irulecrapon Sep 21, 2010 1:53pm
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Post# 17474876
Grade compared to AMZ.
Grade compared to AMZ.Amazon Mining Reports Initial Resource at Cerrado Verde Project - 105 million tonnes at 10.3% K2O Inferred Resource
Amazon Mining Holding Plc(TSX-V symbol: “AMZ”) (“Amazon” or the “Company”), is pleased to report it has received an initial National Instrument (NI) 43-101 compliant inferred mineral resource estimation for its Cerrado Verde potash project from Coffey Mining.
Cerrado Verde is a source of potash rich rock from which Amazon plans to produce a slow-release, non-chloride, multi-nutrient, fertilizer product. Cerrado Verde, amenable to open pit mining, is located in central Minas Gerais in the heart of Brazil’s vast Cerrado agricultural area.
The initial resource is based on 19 drill holes in the Funchal Norte target. Resources were estimated using a block model with blocks of 100x100x10m and using ordinary Kriging methods. All current resources are inferred as defined by the Canadian Institute of Mining (“CIM”) guidelines for resource reporting.
The resource is reported below at various cut-off grades:
Tonnes (Mt)
|
K2O (%) (average)
|
Cut-Off Grade K2O (%)
|
148.59
|
9.09
|
5.0
|
105.11
|
10.32
|
7.5
|
64.39
|
11.17
|
10.0
|
|