Ethiopian Potash announced results for the first six holes assayed in the Southwest Corner of its Danakil Potash Project, Ethiopia.
The high grade sylvite assays obtained from holes located on the basis of ready access preceding the construction of drill roads is encouraging said Mr Wahl, President and CEO of Ethiopian Potash.
Ethiopian Potash has completed 19 holes which have all been logged, sampled and shipped to Saskatchewan Research Council for analysis explained Wahl.
“I look forward to reporting on additional assays as they are received. Despite a slow start, due to weather and access related issues, the accelerated construction of access roads and drill platforms has positioned EPC to catch up to its peers in the Basin" he said.
Results show that the weighted composite average grade of KCL over the entire potash bearing horizon, comprising the Sylvite, Carnallite and Kainite layers, is 21.3% KCL over an average true width of 19.8m.
Results also suggested that sampling intervals taken originally were too short. Geologists have been asked by Ethiopian Potash to examine the drill core and extend the sampling interval into the hanging wall and footwall zones of the potash bearing sequence.
It is expected that additional sampling will identify sylvite mineralization.
Ethiopian Potash is in the process of drilling hole 20 and is expected to complete drilling 29 holes on the South West Discovery Zone next month. The company will then be able to commission a new 43-101 compliant resource estimate on its concession.
The company will also focus on its shallow Colluli target area and the construction of the access road from the Colluli area to the Southwest Discovery zone is progressing in schedule.
Source: Market Watch