Stonegate Agricom Ltd. (TSX:ST) announced that revisions of its mineral resource estimates for the lower and upper phosphate zones of its Idaho-based Paris Hills phosphate project include a 33.6 percent increase in measured and indicated mineral resources in the lower zone.
As quoted in the press release:
- Lower Zone estimates of Measured and Indicated Mineral Resources have increased by 33.6% to 29.8 million tonnes from a previously reported 22.3 million tonnes due to the inclusion of assay results from six additional drill holes
- Average grade of Lower Zone Measured and Indicated Mineral Resources continues to be estimated at 30.1% P2O5, unchanged from the previous estimate
- Measured and Indicated Mineral Resources in the Upper Zone are newly estimated at 60.3 million tonnes with an average grade of 22.7% P2O5
Get Our Expert Guide to Potash Investing FREE!Download this FREE Special Report, What is Potash? From Types of Potash to Potash Stocks