Millennial Potash Corp. (TSXV: MLP | OTCQB: MLPNF | FRANKFURT: X0D) has reported the arrival of a new universal drill rig, with associated drilling supplies and machinery, at its Banio Potash Project, Gabon.
The new drill rig has been mobilized to the site of historic drillhole BA-002 in preparation for the extension of this hole to test the occurrence of additional potash cycles at depth.
Chairman Farhad Abasov commented, “Millennial is very pleased to announce the arrival of the new core drill rig at site which has now been mobilized to the first drill set up. This new drill rig has the capability to collect large drill-core to depths over 1200m, which is essential to explore and test the 10 potash cycles at our Banio Potash Project.”
The new drill rig arrived on site at Banio via barge from Libreville, the capital of Gabon. The drill rig is capable of drilling HQ core to depths over 1200m, which is the company’s currently planned maximum target depth at the project.
Millennial Potash’s historic site of hole BA-002 to which the drill rig has been mobilized is northwest of the company’s camp location. The drill plan at the North Target includes extending BA-002 by 50-60m to delineate additional potash cycles.
After this extension, the drill rig will shift approximately 4km to the southeast to historic drill site BA-001 and extend this hole an additional 350m to a final depth of 700m.
Upon completion of the BA-002 extension, a new hole, BA-004, located about 4km east of BA-001, will test the potential of potash mineralization in that region of the basin.
The drilling programme at the North Target is scheduled for completion in Q4 2023 and this data will form the basis for a potential maiden resource estimate also in Q4 2023.
To find out more, please visit www.millenialpotash.com
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