Millennial Potash Corp. (TSXV: MLP | OTCQB: MLPNF | FSE: X0D) has reported that the drilling of the extension to BA-002 is in progress and has intersected potash mineralization beyond the bottom of the historic drillhole.
In addition, Millennial will provide an update on the political situation in Gabon following elections on 26 August and the status of the private placement announced on 28th August.
Farhad Abasov, Millennial’s Chair, commented “Millennial is pleased to have intersected potash mineralization in the form of beds of carnallite in the extension drilling below BA-002. The preliminary interpretation indicates this mineralization is part of evaporite Cycle IV and adds potential expansion of the potash zone as this cycle has not been intersected previously. Sampling results are expected in four to six weeks and upon completion of this extension the drill rig will continue with the extension of BA-001. Our operations are not affected by the current political situation in the country.”
Millennial’s Phase 2a drill programme is in progress with the extension of historic drillhole BA002 now coring beyond the bottom of the old hole at a depth of approximately 519m. Potash mineralization, in the form of bright red nodular carnallite bedding was intersected and is interpreted as part of Cycle IV evaporite sequence. Core is currently being logged and sampled and will be expedited to SRC potash laboratory in Saskatchewan for analysis.
To find out more please visit www.millennialpotash.com
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