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Strata Minerals (TSXV:SMP) announced it had completed its maiden resource estimate for the Diamond Mountain phosphate project, in Uintah County, Utah. The initial estimates forecasts 61 million tonnes with an average grade of 19.7 percent.
According to the press release:
The initial resource totals approximately 61 million tonnes with an average grade of approximately 19.7% P2O5 (33.9 mt measured plus indicated @ 19.7% P2O5 and 27.1 mt inferred @ 19.7% P2O5). The average thickness of the phosphate resource is 4.4 metres. The resource lies at depths below surface ranging from approximately 90 metres to 350 metres with an average dip from north to south of 8 degrees.
Jsaon Bahnsen, the president and CEO of Strata, said:
The initial 61 million tonne resource at Diamond Mountain exceeded our expectations for a maiden resource based on the initial exploration drilling programme at the project. The results confirm the presence of a large high grade phosphate deposit at Diamond Mountain.
Click here to read the Strata Minerals Inc. (TSXV:SMP) press release