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DuSolo Fertilizers Inc. (TSXV:DSF) reported its first batch of drill results from its 2015 drilling campaign at the Bomfim Agro-mineral Project in Brazil. Highlights include Hole STW-RC-91 which hit 27 metres at 12.31% phosphate, Hole STW-RC-100 which hit 21.50 meters at 11.31% phosphate, and Hole STW-RC-106 which hit 19.00 metres at 13.32% phosphate. According to VP of Exploration, Prof. Paulo Amorim, these results show that phosphate mineralization extends beyond the areas included in DuSolo’s initial resource estimate, and confirm new, high-grade phosphate mineralization.
As quoted in the press release:
Drill result highlights include:
- Hole STW-RC-91: 27.00 metres at 12.31% P2O5 including 6 metres at 22.85%
- Hole STW-RC-100: 21.50 meters at 11.31% P2O5 including 4 metres at 18.65%
- Hole STW-RC-106: 19.00 metres at 13.32% P2O5 including 5 metres at 18.91%
“These drill results indicate that our phosphate mineralization extends beyond the areas identified in our initial resource estimate. They also confirm that we have found additional high-grade phosphate mineralization suitable for future production of Direct Application Natural Fertilizer at Bomfim. Going forward, our exploration program will continue to focus on further delineating resources and the additional upside potential of these and other targets,” said Prof. Paulo Amorim, DuSolo´s Vice President of Exploration.
… During this round of drilling, a total of 90 holes totaling 1,902 meters were completed at both the Santiago and Tataco targets, located within the Bomfim Project. At the Santiago target, the results from drilling confirm the existence of phosphate mineralization in areas considered to date as “exploration potential” based on mapping and surface sampling. At the Tataco target, the results from drilling confirm the presence of higher grade mineralization within a thicker lower grade siltstone package. The drill results from both targets will be used to expand and further define the inferred resource previously reported in the Bomfim National Instrument 43-101 Initial Resource Estimate (“NI 43-101″) published January 5th, 2014, and amended on February 6, 2015. The updated NI 43-101 resource estimate, will be released later this year.
DuSolo Fertilizers CEO Eran Friedlander, said:
As the Company makes progress towards increasing its resources, it also looks to increase its sales. The company has already announced the receipt of orders to supply up to 51,100 tonnes of Direct Application Natural Fertilizer for approximately C$4.5 million. The company expects additional orders to ramp up once the rainfall in the region comes to a halt and farmers begin planting their crops.
Click here to read the DuSolo Fertilizers Inc. (TSXV:DSF) press release