Good Results to the NorthSeems like STB is getting good results north of FED lands. Bodes well for FED and the whole region.
South Boulder Mines (
ASX: STB) has returned more significant preliminary potash assays from drilling inside and outside the JORC/43-101 Mineral Resource Estimate area at the Colluli potash project in Eritrea, Africa.
The encouraging results continue to support the view that an economic open pit mine can be developed and confirm visual field estimates of grade and mineralisation. The results are in addition to the extensive shallow mineralisation previously defined.
The latest results include:
- 2.52 metres of sylvinite at 38.79% KCl from 22.22m with carnallitite and kainitite intervals yet to be received.
Outside the resource boundary drilling intersected a total thickness of 12.38m of potash with a combined 17.96% KCl including:
- 0.65m of sylvinite at 42.00% KCl from 23.98m and;
- 2.90m of carnallitite at 15.60% KCl from 24.82m and;
- 8.83m of kainitite @ 16.97% KCl from 27.72m.
Currently long AAA but looking more closely at FED.