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Elemental Minerals Sintoukola Potash Project Review

Investing News Network
Jan. 30, 2012 08:21AM PST
Potash Investing

A review of work completed during 2011 at its Sintoukola Potash project in the Republic of Congo was announced by Elemental Minerals Ltd. (TSX:ELM,ASX:ELM).

A review of work completed during 2011 at its Sintoukola Potash project in the Republic of Congo was announced by Elemental Minerals Ltd. (TSX:ELM,ASX:ELM).

As quoted in the press release:

HIGHLIGHTS:

  • Phase 2, 164 line kilometre high resolution seismic survey completed, in support of the planned update to the Mineral Resource statement for estimation of Mineral Reserves
  • Phase 2 exploration field program continues, comprising 41 drill holes (9,600 metres) for resource infill, resource expansion, geotechnical and hydro-geological purposes
  • Initial metallurgical test work has delivered excellent results, including:
  • Overall KCL flotation recovery of 94.8% with good flotation kinetics
  • Insoluble content of less than 1%, allowing the possibility of single stage de-sliming
  • Pre-feasibility trade-off studies completed and base case revised
  • LIDAR airborne topographic survey completed for mine site and infrastructure corridors
  • Bathymetric survey completed and site selection for jetty shiploader facility finalised
  • Onshore and offshore geophysical seismic refraction survey completed at the location of the jetty shiploader facility and process plant
  • Geotechnical program on the transport corridor and plant location completed, consisting of 40 trial pits, 16 CPT test (300 metres) and 16 boreholes (308 metres)
  • Two new potash domains to be drill tested; one surrounding and contiguous to the existing
  • Kola deposit (Kola High), the other, at the Dougou area (Dougou Rise) to the southwest

Elemental Minerals Chief Executive Officer Iain Macpherson said:

“The past year saw Elemental Minerals successfully meet key targets and milestones, which have ensured the Company’s tight development timeline has remained on track. We have a number of key objectives for 2012, including feasibility studies that, if met, will allow us to begin the conversion from an exclusive exploration licence to a mining licence towards the end of the year. Government support and encouragement for the project is excellent and we maintain a good working relationship with both government and local stakeholders. Also late this year we expect to begin limited construction and long lead equipment ordering, so 2012 promises to be a productive and exciting period for Elemental.”

Click here to read the Elemental Minerals Ltd. (TSX:ELM) press release
Click here to see the Elemental Minerals Ltd. (TSX:ELM) profile.

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