Sirius Minerals (AIM:SXX) provided an operational update of its drilling program at the York Potash Project.
Highlights from the update include:
- Preliminary results from the SM7A deflection indicate continuity of the thick shelf seam with an estimated 54m of high grade 92.4% polyhalite, correlating with the shelf seam previously encountered at SM7 and also at SM2, 3, 4 and 6
- Early interpretation of the SM7B deflection indicates the possible presence of the basin seam in addition to the shelf seam found in SM7 and SM7A, supporting the geological model which predicts overlapping seams in parts of the transition zone
- SM6 assay results confirm the preliminary interpretation of high grade potassium mineralistion over 4km south west from SM3
- Nearing completion of resource definition drilling programme to underpin financing and development of the York Potash Project
Potash West NL (ASX:PWN,OTCPINK:PWNNY) dominates mineral tenure in Western Australia, one of the world’s largest glauconite deposits, with 12 exploration licenses and applications covering an area of more than 2,600 km2.
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