Artemis Gold’s Blackwater mine at final commissioning stage
Artemis now expects to feed first ore to the ball mill in the next few weeks and continues to target first gold pour before year end.
Allana Potash Corp. (TSX VENTURE:AAA) (“Allana” or the “Company”) is pleased to announce that drill hole DK-11-17 intersected significant potash mineralization of 31.03% KCl over 1.00 metre starting at a depth of 74.20 metres. Hole 17 intersected two zones of potash mineralization which are interpreted to represent the Sylvinite Zone and Kainitite Zone. The Sylvinite Zone returned 2.00 metres of sylvinite which graded 19.38% KCl and includes a 1.00 metre interval that returned 31.03% KCl. Further down the hole, 7.50 metres of Kainitite was intersected which returned 17.68% KCl.
Farhad Abasov, President and CEO, commented: “I am very excited about the continued success of the drilling in this previously unexplored southwestern part of the property. The shallow depth of the potash mineralization intersected in Hole 17 remains encouraging for evaluation of open pit mining. Historically this region was unexplored with no previous drilling and Allana now has intersected potash in all five holes on this part of the property. Management intends to incorporate Hole 17 data in the Company’s upcoming National Instrument 43-101 technical report.”
Hole 17 was collared approximately 1500 metres southwest from Hole 11 and was drilled vertically (see attached figure). Hole 17 intersected the Sylvinite and Kainitite zones of potash mineralization as defined by the Parsons drilling in the 1950s and 1960s. The Sylvinite Zone returned 2.00 metres grading 19.38% KCl starting at a depth of 73.20 metres. A high grade core of 1.00 metre of sylvinite returned 31.03% KCl. The Kainitite Zone was also intersected at a shallow depth, approximately 78 metres below surface, and returned 7.50 metres grading 17.68% KCl.
Drill results from Hole 17 are similar to those of Holes 6, 8, 11 and 16 which indicate an area of potash mineralization approximately 5 kilometres long and 4 kilometres wide. Samples from Holes 12, 14, 18, and 19, en route or currently in the lab, will further define this zone which management believes could add significantly to the potash resource on the property. In addition, similar to Holes 8 and 16, Hole 17 intersected potash at relatively shallow depths (73.20 metres) and management will evaluate the possibility of open pit mining in its upcoming feasibility study. As mentioned previously, this area was not drilled in the past and was not included in the original resource estimate completed in 2008. Samples are currently being selected for XRD analysis to determine mineralogy. True widths of the potash zones are estimated to be very similar to drilled widths due to the flat-lying nature of the potash horizons.
Read the full news release here. Image from Allana Potash.
