Essel Group ME Appoints Colonnade as Bada Potash Drilling Contractor

Essel Group ME (“EGME”) is pleased to announce that it has appointed Colonnade Mining Group (Eritrea) (“Colonnade”) as drilling contractor for its Bada potash project, located in the northern Danakil region of Eritrea, East Africa (“Bada”).

EGME’s subsidiary, Interu Mining, has signed a contract with Colonnade under which the latter will carry out a core sample drilling programme at Bada, marking a significant step in the project’s development.

The drilling programme will comprise of five bore holes, each 200 metres deep with a vertical incline or 75 degree angle. Core samples will be sent to an external laboratory for analysis to examine the occurrence of evaporate strata beneath the overburden layer. This will build on previous testing, providing EGME with a better understanding of Bada’s geology and potash-bearing potential.

Punkaj Gupta, Joint Managing Director and Group CEO, Essel Group ME, commented:

“I am very pleased to be partnering with Colonnade, a leading drilling contractor in the region, at this exciting time for Bada. The core sample drilling programme marks a key milestone for the project, and will provide us with enhanced data to help fully understand the asset’s geology and potential.”

Click here to read the full text release.

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