We even beat AAA's KCL numbers. These are great results for just
the first 6 holes.
Watch all the jealous AAA bashers twist this news release.
The table above includes all sample assays contained within the reported interval. Based on the assay results of holes DAL-002, -004 and -007, the weighted composite average grade of KCL over the entire potash bearing horizon, comprising the Sylvite, Carnallite and Kainite layers, is 21.3% KCL over an average true width of 19.8m.
In addition, the assay results for holes DAL-005, -006 and -008 suggest that the original sampling interval was too short; management has instructed the field geologists to re- examine the drill core and extend the original sampling interval into the hanging wall and footwall zones of the potash bearing sequence. Based on the thickness of the sylvite zone intersected in hole DAL-002, -004 and 007, management believes that the additional sampling will identify sylvite mineralization.
Mr Wahl, President, CEO and Director stated: "I am very happy to be able to report such high grade sylvite assays, considering that these holes were located based on ready access prior to the construction of drill site access roads."
"Equally significant is that after almost four months, the flow of assay information has started. EPC has completed 19 holes totalling 3,760.40 metres, all of the holes have been logged, sampled, and shipped to Saskatchewan Research Council for analysis. I look forward to reporting on additional assays as they are received. Despite a slow start, due to weather and access related issues, the accelerated construction of access roads and drill platforms has positioned EPC to catch up to its peers in the Basin."
"The Company is now drilling Hole 20 and anticipates completing its program of 29 holes on the Southwest Discovery Zone in January. At that time, Ethiopian Potash will be in a position to commission a new 43-101 compliant resource estimate on its Southwest Discovery Zone. Concurrently, EPC will refocus the drilling campaign on its shallow Colluli target area. Construction of the access road from the Southwest Discovery Zone to the Colluli area is proceeding on schedule."