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Elemental Minerals Ltd.(TSX:ELM) received further assays from the phase two drill program at its Kola deposit. Two rigs are currently in operation at the property and Elemental is on track to achieve its phase two exploration target.
Elemental Minerals Ltd.(TSX:ELM) received further assays from the phase two drill program at its Kola deposit. Two rigs are currently in operation at the property and Elemental is on track to achieve its phase two exploration target.
Highlights include:
Shallow potash intersections from EK_17 include:
Upper Seam: 4.18m at 22.63% K2O (35.85% KCl) from 256.25m; and
Lower Seam: 5.14m at 19.78% K2O (31.32% KCl) from 263.33m (includes 3.45m at 26.69% K2O (39.11% KCl).
Elemental, CEO, Iain Macpherson, said:
These exciting new results reinforce our belief that the Kola deposit has the potential to be one of the world’s premier sylvinite potash deposits coming into development. The current Phase 2 drilling programme will underpin our updated Mineral Resource estimate due in the next quarter and coupled with the now completed Phase 2 high-resolution seismic survey and assays from the remaining holes, is expected to provide the required Mineral Resource to be integrated into the Pre-Feasibility Study due for completion Q3 2012.
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