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Kore Potash Awarded New 294 km2 Exploration Permit
Feb. 20, 2018 09:00AM PST
Phosphate InvestingKore Potash (ASX: KP2) (“Kore Potash” or “the Company”) is pleased to provide an update for the Company’s 97%-owned Sintoukola Potash Project, in the Republic of Congo (“RoC”). Kore Potash has recently been informed that it was awarded the Sintoukola 2 Exploration Permit (the “Permit”), dated 9th February 2018, by the government of the RoC. …
Kore Potash (ASX: KP2) (“Kore Potash” or “the Company”) is pleased to provide an update for the Company’s 97%-owned Sintoukola Potash Project, in the Republic of Congo (“RoC”).
- Kore Potash has recently been informed that it was awarded the Sintoukola 2 Exploration Permit (the “Permit”), dated 9th February 2018, by the government of the RoC.
- The Exploration Permit is held wholly by the Company’s 97% subsidiary Sintoukola Potash S.A. This Permit is valid for three years, following which it may be renewed twice, each time for a further period of two years.
- The Permit is significant in size, covering 294.40 km2.
- Securing the Permit is strategically important to Kore Potash because it covers the interpreted northward extension of the high-grade Dougou Extension Project, effectively doubling the size of the prospective area held.
- Previously reported high-grade sylvinite intersections at the Dougou Extension Prospect1 support the Company’s strong belief of exploration potential.