PERTH, Australia, Feb. 6, 2012 /CNW/ - Elemental Minerals Ltd. (ASX, TSX: ELM) ("Elemental" or "the Company") continues to intercept
potash mineralisation and is pleased to announce the receipt of
additional high-grade assay results from the Kola Potash Deposit
Pre-Feasibility Phase 2 drilling programme within its Sintoukola Potash
Project in the Republic of Congo. (Figure 1)
Widest sylvinite zone yet intersected in the deposit area demonstrating
potential for increased tonnage yields from the Upper Seam
Drill-holes EK_17, EK_18, and EK_19 have returned significant high-grade
results underpinning Phase 1 resources results and signalling the
extension of the shallow mineralization footprint of the Kola deposit
Shallow sylvinite intersections include:
EK_18: 3.86m at 16.14% K2O (25.57% KCl) from 286.59m and 9.56m at 20.69% K2O (32.78% KCl) from 290.70m; and
EK_19: 4.54m at 21.58% K2O (34.18% KCl) from 278.22m and 2.39m at 20.95% K2O (33.19% KCl) from 291.10m.
Potash mineralisation has been further extended to both the west and
east and still remains open laterally in most directions.
At the time of reporting, the Company had completed 11 core holes (EK_17
to EK_27) of Phase 2 for an interim total of 3,535m (Figure 2).
Laboratory assay results for core samples have been received for 3
drill holes (EK_17 to 19). The assay sequence for EK_17 is incomplete
at present as several core intervals through the mineralisation were
selected for geotechnical testing. A complete sample and assay record
will be reported when the data becomes available.
Drill hole EK_17 was drilled 370m northeast of Phase 1 drill hole EK_15 within an area
of Inferred Mineral Resources and to a depth of 337.60m. The drill hole
targeted an area of interpreted structural complexity that was treated
as a loss zone within the original Resource Estimate, but intersected
gently dipping strata and a typical mineralisation zonation including
the presence of both the upper and lower seams.
Drill hole EK_18 was collared on the north western side of the Kola deposit
approximately one kilometre west-southwest of Phase 1 drill hole EK_12
with the objective to test continuity of the mineralisation in a
westerly direction (Figure 2). The drill hole intersected a 13.7m thick
interval of potash (sylvinite) mineralisation before the hole had to be
abandoned for drilling reasons.
The 13.7m wide intersection in EK_18 further extends high-grade
sylvinite mineralisation to the west confirming geological
interpretations made from Phase 1 exploration data (Figure 3). The lack
of interburden layer (rock salt) in EK_18 makes differentiation between
the upper and lower seams difficult. It is possible that only the upper
seam has been intersected which would indicate an increase in sylvinite
thickness of the upper seam in this location. For comparative purposes,
the nearest Phase 1 drill hole EK_12 intersected potash intervals of
4.51m in the upper seam and 4.91m in the lower seam (Figure 3). The
results from EK_18 indicate that potash mineralisation continues in
significant stratigraphic quantities to the west of the area drilled in
Phase 1 exploration.
Drill hole EK_19 is located on the north eastern side of the current Kola deposit
perimeter, approximately one kilometre to the east of Phase 1 drill
EK_01 (Figure 2). The drill hole was completed to a depth of 302.60m
and intersected typical potash mineralisation in the upper and lower
seams (Figure 4). The drill hole was collared in the Inferred Mineral
Resource area and as a result it not only confirms continuity of
sylvinite mineralisation in the north eastern part of the deposit but
also will contribute to reclassification of the Mineral Resource during
the planned update to the resource model. Currently the potash
mineralisation remains open in this direction.
The grades from this latest drilling (announced above) are consistent
with other high-grade intercepts reported to date, and continue to
support the initial geological interpretation and confirm that the
high-grade sylvinite mineralization at Kola is laterally extensive. The
Phase 2 Exploration Target* of between 320 million tonnes and 1.08 billion tonnes of potash
mineralisation grading between 19% K2O (30.15% KCl) to 21% K2O (33.33% KCl) is supported by the latest results.
The drilling component of the Phase 2 programme now consists of a total
of 41 drill holes for 9,600m, of which 19 drill holes (6,850m) are
designed for geotechnical, structural and resource extension purposes
and a further 22 are hydro-geological drill holes. The drilling will
provide additional data for the company's Pre-Feasibility Study and
planned update to the NI 43-101 Mineral Resource estimate.
Of the 19 planned drill holes for resource evaluation purposes, 11 drill
holes (3,535m) are complete and three more are currently in progress.
Of the 11 completed holes, nine penetrated both sylvinite target
horizons with assay results pending for EK_17, EK_20, EK_22, EK_23,
EK_24, EK_26 and EK_27. Drill hole EK_21 (209.88m EOH) and EK_25 (EOH
287.30m) were abandoned short of the sylvinite horizons in the
evaporite cover sequence due to drilling difficulties.
"These highly encouraging results further support the Company's view
that the Kola deposit has the potential to be one of the premier potash
deposits recently developed. The Company actively continues with its
drilling programme and this data, coupled with the now completed Phase
2 high-resolution seismic survey and assays from the remaining holes in
our Phase 2 drilling programme, will underpin our updated Mineral
Resource estimate due in the next quarter" said Iain Macpherson, Chief
Executive Officer. "I am especially encouraged by the intercept on
drill hole EK_17 that targeted a structural loss zone, but returned a
good sylvinite intercept, pointing to a simplification of the Resource
model. The fact that the mineralisation remains open laterally, will
allow us to consider planning for a longer life and/or higher tonnage
operation than proposed in our initial economic assessment."
Table 1: Drill hole coordinates
Table 2: Assay returns from EK_18 and EK_19
True Width (m)
Upper Upper Seam
Lower Upper Seam
Sampling & Analytical Details:
Drill core samples (PQ core diameter sizes) are split in half by a
diamond saw cutting machine at the project site. The half split
samples, each weighing about three to seven kilograms, are collected at
an average interval of 0.3 to 0.6 metres. The samples were processed
and analysed by Genalysis, Perth, Australia. Sample preparation and
analysis is done by Genalysis. Potassium, Sodium, Calcium, Magnesium,
Chlorine, and Sulphur were analysed by ICP-ES. Routine
international-standard QA/QC procedures were used by Genalysis. One of
the six elements analysed are reported here: potassium (K) and its
molecular equivalent of Potassium oxide (K2O, by multiplication with a factor of 1.204). The detection limit for K
About Elemental Minerals
Elemental Minerals Limited is an advanced mining exploration and
development company that aims to grow shareholder value through its
93%-owned Sintoukola Potash Project on the Republic of Congo
coastline. Elemental Minerals is dual listed on the Australian Stock
Exchange and the Toronto Stock Exchange under the symbol ELM. For more
information, visit www.elementalmineralsltd.com
Mineral Resource Summary - Kola Deposit of Sintoukola Project
The Sintoukola Project's Kola deposit currently contains 362 Mt
Indicated Mineral Resources and 442 Mt Inferred Mineral Resources, with
an average grade of 19.5% K2O (30.8% KCl) and 19.6% K2O (31.0% KCl) respectively, at a 15.0% K2O cut-off grade.
Within such Mineral Resources, the upper seam of the Kola deposit
contains 229 Mt Indicated Mineral Resources and 289 Mt Inferred Mineral
Resources, grading at 21.3% K2O (33.8% KCl) and 21.4% K2O (33.9% KCl) respectively, which upper seam is a higher-grade sylvinite
The upper seam has a high-grade domain containing 151 Mt Indicated
Mineral Resources and 186 Mt Inferred Mineral Resources, grading at
25.1% K2O (39.7% KCl) and 25.2% K2O (40.0% KCl) respectively, at a 20.0% K2O cut-off grade of pure sylvinite in a largely continuous mineralized
horizon. This deposit is contained within 28 km2 of the current 1,400 km2 license area and current exploration activities aim to test a much
larger area of the license to further expand resources.
The Mineral Resources are reported in accordance with the Australasian
Code for Reporting of Exploration Results, Mineral Resources and Ore
Reserves 2004 Edition (The JORC Code), which is consistent with
Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Definition
Standards 2005 and hence complies with NI 43-101.
Competent Person / Qualified Person Statement:
Information in this report that relates to Exploration Results or
Mineral Resources is based on information compiled by Simon Dorling and
Jeff Elliott, of CSA Global Pty Ltd, the Company's geological
consultants. Dr. Dorling and Mr. Elliott are members of the Australian
Institute of Geoscientists (MAIG) and have sufficient experience
relevant to the style of mineralisation and type of deposit under
consideration and to the activity they are undertaking to qualify as a
Competent Person as defined in the 2004 Edition of the "Australasian
Code for Reporting of Exploration Results, Mineral Resources and Ore
Reserves" (the JORC Code). Dr. Dorling and Mr. Elliott are also
Qualified Persons for the purposes of Canadian National Instrument
43-101 and they consent to the inclusion in this report of the
Information, in the form and context in which it appears.
Further information respecting Elemental's Sintoukola Project is
contained in a technical report entitled ''NI 43-101 Technical Report,
Sintoukola Potash Project, Republic of Congo'' prepared by Neal Rigby
of SRK Consulting (U.S.), Inc. and Messrs. Simon Dorling, Jeff Elliott,
Andrew Scogings and Peter Davies of CSA Global Pty Ltd. for the Company
dated August 1, 2011 with an effective date of June 10, 2011 (the
"Technical Report"). The Technical Report can be accessed on the
Company's profile on SEDAR.
This news release contains statements that are "forward-looking".
Generally, the words "expect," "potential", "intend," "estimate,"
"will" and similar expressions identify forward-looking statements. By
their very nature, forward-looking statements are subject to known and
unknown risks and uncertainties that may cause our actual results,
performance or achievements, to differ materially from those expressed
or implied in any of our forward-looking statements, which are not
guarantees of future performance. Statements in this news release
regarding the Company's business or proposed business, which are not
historical facts, are "forward looking" statements that involve risks
and uncertainties, such as resource estimates and statements that
describe the Company's future plans, objectives or goals, including
words to the effect that the Company or management expects a stated
condition or result to occur. Since forward-looking statements address
future events and conditions, by their very nature, they involve
inherent risks and uncertainties. Actual results in each case could
differ materially from those currently anticipated in such statements.
Investors are cautioned not to place undue reliance on forward-looking
statements, which speak only as of the date they are made.
* The potential quantity and grade of the Exploration Target is conceptual
in nature, there has been insufficient exploration to define a Mineral
Resource and it is uncertain if further exploration will result in the
determination of a Mineral Resource.
Image with caption: "Figure 1: Location of Sintoukola Potash Permit and historic drill hole locations. (CNW Group/Elemental Minerals Limited)". Image available at: http://photos.newswire.ca/images/download/20120206_C9516_PHOTO_EN_9628.jpg
Image with caption: "Figure 2: Phase 1 and 2 Drill Hole Locations. (CNW Group/Elemental Minerals Limited)". Image available at: http://photos.newswire.ca/images/download/20120206_C9516_PHOTO_EN_9629.jpg
Image with caption: "Figure 3: Geological cross section showing EK_18. (CNW Group/Elemental Minerals Limited)". Image available at: http://photos.newswire.ca/images/download/20120206_C9516_PHOTO_EN_9630.jpg
Image with caption: "Figure 4: Geological cross section showing EK_19. (CNW Group/Elemental Minerals Limited)". Image available at: http://photos.newswire.ca/images/download/20120206_C9516_PHOTO_EN_9631.jpg
SOURCE Elemental Minerals Limited
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