AMN - CONGO: Potential for further Kola potash

Two extra holes at Kore Potash’s Sintoukola Kola project in the Republic of Congo have hit additional potash mineralisation. The new holes have expanded knowledge about mineralisation in areas beyond the Kola resource, as they were drilled 1.5km and 7km south.

The new holes returned results of 2.2 metres of 52% KCl from 350.9 metres and 3.2 metres of 54.1% KCl from 297.27 metres respectively. They were drilled to test for additional Hangingwall Seam Sylvinite (HWSS).

These intersections support the view that additional areas of HWSS mineralisation are present at Kola and highlight the potential to significantly extend the Kola sylvinite deposit several kilometres along strike to the southeast.

The current Kola measured and indicated resource is 508 million tonnes grading 35.4% KCl.

Available seismic data suggests continuity of the host rocks between the existing resource and the new holes.

Kore’s CEO Sean Bennett said, “These results are some of the best exploration news to date for Kore. Kola is already amongst the highest grading potash deposits globally and the recent drill holes demonstrate both the potential to extend the deposit, and that additional areas of 50-60% KCl grading Hangingwall Seam are present.

“These grades set Kore apart from other global potash deposits. If further exploration is carried out and additional resources and reserves are successfully defined in this area, they may support an increase of the Kola life-of-mine and improvement in operating costs, post DFS.”

As the company’s focus remains on completion of a DFS for Kola, which will be based on the existing measured and indicated resource, no additional work is currently planned in the area to the southeast.

The intersections do, however, point to further upside in the scale and quality of the Kola project, in terms of life of mine extension and potential for very high grade areas which could be brought into the mine plan subsequent to the completion of the DFS if future exploration is carried out and is successful.

Meanwhile, at Dougou, another Kore projects, drilling has returned more high-grade sylvinite intersections.

www.korepotash.com