Elemental Acquires Extensive Regional Oil Industry Exploration Data and has Generated New Exploration Targets

- October 18th, 2011

Elemental Minerals Ltd. (TSX:ELM,ASX:ELM) announced that it has completed the acquisition of recent regional oil industry 2D seismic and borehole data and has undertaken target generation for its Phase 3 exploration programmes for the Kola and Dougou areas.

Elemental Minerals Ltd. (TSX:ELM,ASX:ELM) announced that it has completed the acquisition of recent regional oil industry 2D seismic and borehole data and has undertaken target generation for its Phase 3 exploration programmes for the Kola and Dougou areas.

As quoted in the press release:

  • The Company has acquired 295 line kilometres of recent oil industry regional 2D seismic data on the Sintoukola license area and data for a further nine historic and recent potash and oil exploration boreholes, which have allowed a high quality target generation exercise to be undertaken.
  • The initial target generation exercise delineates two potentially significant potash domains; one surrounding and contiguous to the existing Kola deposit (Kola High), and the other to the south west, namely the Dougou area (Dougou Rise).
  • The Kola High priority one target is now interpreted to have an aerial extend of approximately 120km2 which represents a 200% increase of the area currently explored.
  • At the newly interpreted Dougou Rise the priority target one horizon includes a targetable mineralisation footprint of approximately 75km2.
  • The target areas are supported by reports of intercepted potash mineralisation (sylvinite and carnallitite) and corresponding down hole gamma logs.

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

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