Initial grade, based on X-ray diffraction, is given below for the first two cores. A number of detailed analytical techniques will be applied to the core to confirm the preliminary analytical results. Additional techniques will include Inductively Coupled Plasma Mass Spectrometry, thin section microscopy and Scanning Electron Microprobe (SEM) analysis. Select chip samples from the core were also procured for density measurements.
Preliminary Polyhalite thickness and grade are as follows:
Hole No. Thickness (depth) Polyhalite Grade ICP-1 6.00 Ft (1394.7- 1400.7) 85.2% ICP-2 5.25 Ft (1523.85- 1529.1) 81.2%
IPC-1 Polyhalite Cored Interval
------------------------------------------------------------------------- Depth from Surface XRD Analyses ------------------------------------------------------------------------- sample No. from (ft) to (ft) polyhalite % anhydrite % halite % ------------------------------------------------------------------------- 569008 1393.0 1393.3 0 25 72 ------------------------------------------------------------------------- 569009 1393.3 1393.7 0 76 22 ------------------------------------------------------------------------- 569010 1393.7 1394.2 0 90 6 ------------------------------------------------------------------------- 569011 1394.7 1395.2 greater than 90 0 0 ------------------------------------------------------------------------- 569012 1395.2 1395.7 greater than 90 0 0 ------------------------------------------------------------------------- 569013 1395.7 1396.2 greater than 95 0 0 ------------------------------------------------------------------------- 569014 1396.2 1396.7 greater than 90 0 0 ------------------------------------------------------------------------- 569015 1396.7 1397.1 88 0 8 ------------------------------------------------------------------------- 569016 1397.1 1397.5 greater than 90 0 less than 1 ------------------------------------------------------------------------- 569017 1397.5 1398.0 greater than 90 0 0 ------------------------------------------------------------------------- 569018 1398.0 1398.5 80 0 18 ------------------------------------------------------------------------- 569019 1398.5 1398.7 75 0 22 ------------------------------------------------------------------------- 569020 1398.7 1399.2 82 0 13 ------------------------------------------------------------------------- 569021 1399.2 1399.6 90 0 less than 3 ------------------------------------------------------------------------- 569022 1399.6 1400.1 77 12 0 ------------------------------------------------------------------------- 569023 1400.1 1400.7 70 18 less than 2 ------------------------------------------------------------------------- 569024 1400.7 1401.0 7 82 5 ------------------------------------------------------------------------- 569025 1401.0 1401.5 0 88 less than 2 -------------------------------------------------------------------------
IPC-2 Polyhalite Cored Interval
------------------------------------------------------------------------- Depth from Surface XRD Analyses ------------------------------------------------------------------------- sample No. from (ft) to (ft) polyhalite % anhydrite % halite % ------------------------------------------------------------------------- 569033 1522.70 1523.00 0 96 less than 2 ------------------------------------------------------------------------- 569034 1523.00 1523.40 0 88 10 ------------------------------------------------------------------------- 569035 1523.40 1523.85 0 94 less than 3 ------------------------------------------------------------------------- 569036 1523.85 1524.35 30 62 0 ------------------------------------------------------------------------- 569037 1524.35 1524.70 90 0 0 ------------------------------------------------------------------------- 569038 1524.70 1525.25 89 0 0 ------------------------------------------------------------------------- 569039 1525.25 1525.69 95 0 0 ------------------------------------------------------------------------- 569041 1525.69 1526.13 94 0 0 ------------------------------------------------------------------------- 569042 1526.13 1526.60 94 0 less than 3 ------------------------------------------------------------------------- 569043 1526.60 1527.15 85 0 10 ------------------------------------------------------------------------- 569044 1527.15 1527.74 95 0 less than 3 ------------------------------------------------------------------------- 569045 1527.74 1528.30 89 0 0 ------------------------------------------------------------------------- 569047 1528.30 1528.63 92 0 less than 3 ------------------------------------------------------------------------- 569048 1528.65 1529.10 44 38 17 ------------------------------------------------------------------------- 569050 1529.10 1529.60 less than 3 62 27 ------------------------------------------------------------------------- 569051 1529.60 1530.13 0 85 8 ------------------------------------------------------------------------- 569052 1530.13 1530.53 0 68 6 ------------------------------------------------------------------------- 569054 1530.53 1531.15 0 68 23 -------------------------------------------------------------------------
All scientific and technical disclosure in this press release has been prepared under the supervision of ICP Chief Geologist, Marc Melker CPG, and has been verified by him. Marc Melker CPG is a Qualified Person within the meaning of National Instrument 43-101.
The Phase I drill program has been designed to: (i) validate interpretations of historical oil and gas geophysical logs; (ii) expand the classification of resources reported in the 43-101 Technical Report; (iii) extend the polyhalite target bed to the north-west where it appears to ramp-up closer to the surface than further to the east; (iv) ascertain chemical and thickness variability; (v) determine optimal locations for Phase II in-fill drilling and prefeasibility studies; (vi) initiate baseline hydrological investigations; and (vii) protect any potable water in the area during drilling and drill hole abandonment. The Company anticipates completing the Phase I drilling program by no later than
National Instrument 43-101 compliant QA/QC measures are being employed in the field and laboratories to ensure defensibility of the data through a validation process using blanks, standards and replicates. Core splits are carefully preserved against moisture degradation and placed in secure, temperature controlled storage area to enable any future confirmation audits of the core. Reference samples are collected and photographed of all rock units encountered during drilling for future observations. Select chip samples from core are procured for density measurements and thin section microscopy and Scanning Electron Microprobe (SEM) validation.
About Intercontinental Potash Corp
ICP is developing its Ochoa New
ICP's Ochoa property consists of federal sub-surface potassium permits granted by the Bureau of Land Management ("BLM") covering more than 36,500 acres of land. All reclamation plans, environmental plans, and archeological work have been approved by BLM. The Company is currently conducting a Phase I drill program, which commenced in November, described in the press release of Trigon Uranium Corp.,
Forward-Looking Statements
Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of ICP, including, but not limited to, risks associated with mineral exploration and mining activities, the impact of general economic conditions, industry conditions, dependence upon regulatory approvals, and the uncertainty of obtaining additional financing. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.
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For further information: please visit www.trigonuraniumcorp.com or www.intercontinentalpotash.com or contact: Intercontinental Potash Corp Sidney Himmel, President and Chief Executive Officer, (416) 624-3781, [email protected]; or Investor Relations, Joanna Longo, Vice President, The Equicom Group, (416) 815-0700 ext. 233, [email protected]
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