PERTH, Australia, July 20, 2012 /CNW/ - Elemental Minerals Ltd. (ASX, TSX: ELM) ("Elemental" or "the Company") is pleased to announce
the commencement of drilling of exploration borehole ED_01 at the
Dougou target. This extensive target was identified by the integration
of recently acquired high resolution oil seismic data and oil borehole
The recently discovered high grade (>30% K2O) Hangingwall Seam is the principal target at Dougou. Drill hole ED_01
planned to confirm sylvinite mineralisation intersected by historical
Dougou Target lies on existing planned infrastructure corridor 15km
southwest of Kola and 21km from the planned Tchiboula port facility.
The Dougou target is located approximately 15km southwest of the Kola
Deposit (Figure 1). It is the second significant potash target that
Elemental has identified and is based on historic drilling and an
assessment of oil industry 2D seismic data. The Company previously
reported the results of a review of the Dougou target.
In the wider Dougou target area, several drill holes have intersected
potash mineralisation, some of them with significant sylvinite
mineralisation. Like Kola, the Dougou area is interpreted to be located
on a relative basement high (the Dougou Rise) and to be in a
structurally favourable position for the discovery of additional high
grade potash mineralisation.
Two historic drill holes, located about 9km apart, have well completion
reports that indicate the presence of multiple sylvinite horizons.
These included K-52 and K-38 (Figures 1 and 2). The area between K-52
and K-38 opens a significant opportunity to explore and discover
further high-grade potash seams over a large area. The area is largely
Elemental has recently commenced drilling its first exploration hole in
the Dougou area (ED_01). The drill hole will aim to verify the
sylvinite mineralisation intersected in historical drill hole K-52 as
well as provide stratigraphic data to aid future exploration planning.
ED-01 is collared 15 metres from the K-52 collar.
Historic borehole K-52 intersected 3.61 metres of sylvinite between
423.56 metres to 427.17 metres amongst several other sylvinite seams in
the upper part of the salt sequence. Historic borehole K-38 intersected
sylvinite seams between 400 and 408 metres. No assay data is available
for these boreholes.
Commenting on the start of the Dougou drilling Elemental's CEO, Iain
Macpherson stated: "The commencement of drilling at Dougou is an exciting next step for the
project. An intersection of sylvinite at Dougou, only 15km from Kola,
would be an excellent result indicating the scalability of the high
grade sylvinite seams. Should this drilling be successful in
delineating high grade sylvinite mineralisation, this area has the
potential to significantly increase the project mineralised footprint
and increase the scale of the project."
Table 1: ED_01 coordinates*
*Handheld GPS position only.
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.elementalminerals.com
Mineral Resource Summary - Kola Deposit of Sintoukola Project1
The Sintoukola Project's Kola deposit currently contains 959 Mt Measured
and Indicated Mineral Resources and 513 Mt Inferred Mineral Resources,
with an average grade of 15.11% K2O (23.93% KCl) and 15.33% K2O (24.27% KCl) respectively, at a 10.0% K2O cut-off grade.
Within such Mineral Resources, the sylvinite portion of the deposit
contains 413 Mt Measured and Indicated Mineral Resources and 261 Mt
Inferred Mineral Resources, grading at 20.39% K2O (32.29% KCl) and 19.16% K2O (30.33% KCl) respectively.
These resources are mostly within two seams, the Upper Seam and the
Lower Seam which are separated by a barren halite layer averaging 3
metres in thickness. The depth to the top of the Upper Seam is within
250 to 320 metres from surface. A small portion of the Inferred
Resource is contained within the Footwall Seam which occurs
approximately 45 metres below the level of the Lower Seam in certain
areas of the deposit. The deposit is contained within 70 km2 of the current 1,400 km2 license area.
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 "Updated Technical Report,
Sintoukola Potash Project, Republic of Congo'' prepared by Messrs.
Simon Dorling, Jeff Elliott and Andrew Scogings of CSA Global Pty Ltd.
for the Company dated June 21, 2012 with an effective date of June 21,
2012 (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.
1 For a full description of the resource refer to the NI 43-101 Technical
Report, dated 21 June 2012 available on SEDAR, www.sedar.com
Image with caption: "Figure 1: Location of the Dougou Target and ED_01 within the Sintoukola Potash Permit. (CNW Group/Elemental Minerals Limited)". Image available at: http://photos.newswire.ca/images/download/20120719_C9590_PHOTO_EN_16356.jpg
Image with caption: "Figure 2: Geological cross section based on historical data in the Dougou Target area. (CNW Group/Elemental Minerals Limited)". Image available at: http://photos.newswire.ca/images/download/20120719_C9590_PHOTO_EN_16357.jpg
SOURCE Elemental Minerals Limited
For further information:
Chief Executive Officer
Tel: +27 (0) 76 238 4461
Tel: +27 (0) 82 445 5291
Investor Relations Manager
Tel: +27 (0) 83 604 0820
Johannesburg Office: +27 11 469 9140