Argentina has 40%KCLVery interesting news release today from Marifil in Argentina…have a look at the grade of KCL they have found south of our large block of land…40%KCL and 5km x 20km is very impressive…have a look and see who our neighbor is directly to the south of our block of land…could it be the same K+S Germany that just bought Potash One in Sask…..if they want in big time to the Neuquen Basin in Argentina we could end up being a take out candidate? The map below shows that the new K5 Marifil Land is located east of the town of Chos Malal and west of the cream block named rtz on the map. The interesting part is K+S Germany is north of the Marifil K5 property and south of our green block on the map that shows Marifil’s name but is owned by Allana. Having Marifil confirm potash in the south and Vale confirm potash to the east is a very good thing in my opinion as far as future value for our large block of land? And lastly they confirmed the potash layers WITHOUT drilling…they used gamma technology…going to be interesting as we review the data that is underway as we speak….? This has taught me to never underestimate the potential of this land…
/docs/AAA_Map01_528.pdf (map of Argentina Potash Basin)
January 23rd, 2012 (Source: Marifil) -- Filo Morado (now re-named K-5 by Marifil) comprises 14 claims totalling 30,100 hectares. Marifil has been granted a 60 day period to carry out due diligence; a title report is in progress.
The K-5 claims are bordered on the east by Vale's claims which host the +2 billion tonne Potasio Rio Colorado potash deposit and bordered on the north by claims owned by K+S Group (a giant German fertilizer corporation) and which host the large El Porton potash deposit. The K-5 prospect is possibly an extension of the El Porton deposit.
Marifil geologists have identified significant sylvite (KCl) intervals in drill logs from 27 holes drilled for oil. Eight additional drill logs are still being analyzed. Potash mineralization has been identified in up to 7 separate horizons. Most of these horizons range in depth from about 1000 to 1100 meters but significant potash has been identified as deep as 1500 meters.
Table 1 below summarizes some of the more significant intervals:
FM a17 2.5m at 45% KCL and 4.0 m at 27%KCL
FM 23 4.0m at 45%KCL
FM27 3.5m at 42%KCL and 2.5m at 43%KCL and 4.4m at 29%KCL
FM29 3.5m at 45%KCL
RuC x-1 5.2m at 40%KCL
The potash horizons occur in a large north-striking anticlinal or monoclinal fold. Mineralization occurs over a width of 5 kilometers and a strike length of about 20 kilometers. Mr. John Hite reports, "This acquisition may be a real game changer for Marifil and is one we worked for nearly one year to acquire. We have identified multiple high grade sylvite (KCl) horizons with mineable thicknesses over an area of 80 to 100 square kilometers. These horizons should be extremely amenable to solution mining. By adding the K-5 we have become the second largest potash claim owner in the Neuquen Basin."