Millennial Potash Corp. (TSXV: MLP | OTCQB: MLPNF | FSE: X0D) has reported analytical results from the extension of historic drillhole BA-002.
The company has extended Hole BA-002 to a depth of 552.50m and has intersected additional intervals of potash mineralization beyond the previous drilling depth. Potash Cycle IV returned 17.1% KCl over 4.16m, and potash Cycle III returned 18.7% KCl over 4.76m, extending the number of potash cycles intersected in BA-002 to six, and increasing the cumulative thickness of potash mineralization that may be amenable to solution mining to approximately 80m.
Farhad Abasov, Millennial’s chair, commented “Millennial Potash is excited to announce that the extension to drillhole BA-002 has successfully intersected two new high-grade seams, one attributed to Cycle IV and the other to Cycle III with potash mineralization, each thicker than 4m, and with potash contents from 17.1% KCl to 18.7% KCl. The cumulative potash seam thicknesses from drillhole BA-002 from Cycle III to Cycle VIII are almost 80m and have the potential to be amenable to solution mining.”
In addition, the presence of Cycles IV and III enhances the tonnage potential for the project and given the strong correlation of geology and potash cycles between the upper parts of holes BA-002 and BA-003, the potential for the presence of Cycles IV and III throughout the basin in this area is considered very high. Data from extended hole BA002 and hole BA-003, including re-sampling data, form the basis for a potential initial mineral resource estimate (MRE) for the North Target which is currently in preparation.
“These promising results will be incorporated into the project database and will provide additional zones of potash mineralization for a mineral resource estimate that will be based only on the northern part of the project which is currently in progress. We expect the maiden mineral resource estimate to be released in coming weeks. This drill hole extension completed by Millennial Potash correlates very well with the historical drill core and other geological data. It also exceeds our expectations regarding the potash horizon thicknesses in the north.” Said Mr. Abasov.
To find out more, please visit www.millennialpotash.com
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