5th Aug 2014 10:33
LONDON (Alliance News) - AIM-listed African Potash Ltd Tuesday said that it has begun drilling at its Lac Dinga Potash Project in the Republic of Congo.
This initial hole is the first of a two hole rotary/core drilling programme and is planned to a depth of about 500 metres below surface, according to African Potash. The drilling programme will test two high-priority targets which are interpreted to have potential for high-grade potash mineralisation based on the interpretation of seismic data.
"Lac Dinga, which is located in a world-class potash bearing region, has to date demonstrated the potential to host significant high-grade sylvinite tonnage at attractive depths. The objective of this maiden drilling campaign is to improve our understanding of the asset and provide a basis for evaluation of the resource potential of this highly strategic asset," Chief Executive Edward Marlow said in a statement.
African Potash shares were Tuesday quoted down 0.4% at 3.61 pence.
By Samuel Agini; [email protected]; @samuelagini
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