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Elemental Minerals' Phase 3A boreholes intersect thick, high grade sylvinite at shallowest depth to date
PERTH, Australia, April 10, 2013 /CNW/ - Elemental Minerals Ltd. (ASX, TSX: ELM) ("Ele...
About this update from Element Lifestyle Retirement Inc.
[{"type":"text","content":"\n\n\n\n\n\n\n\n\nPERTH, Australia, April 10, 2013 /CNW/ - Elemental Minerals Ltd. (ASX, TSX: ELM) (\"Elemental\" or \"the Company\") is pleased to announce\n the results of Phase 3A drilling programme at the Kola deposit on the\n Company's Sintoukola Potash Project in the Republic of Congo.\n\n\nHIGHLIGHTS\n\n\nThick, high-grade sylvinite seams intersected at shallowest depth to\n date, at approximately 220 metres.\n\nMineralisation of the Upper Seam and Lower Seam extended by 1.5 to 2\n kilometres laterally.\n\nUpper Seam and Lower Seam sylvinite in both boreholes include:\n4.92 metres grading 23.59 K2O (37.36% KCl) in EK_46; and\n3.05 metres grading 23.91 K2O (37.87% KCl) in EK_47\n\n\nExtends the width of the Kola sylvinite deposit to over 9 kilometres\n.\n\n\nDeposit remains open in most directions laterally.\n\nHighlights the huge potential to expand and upgrade the current\n sylvinite Mineral Resource\n\n\n\n\n\nPhase 3A boreholes EK_46 and EK_47 were drilled to test the extension of\n sylvinite mineralisation in the north-western portion of the Kola\n deposit. Both the Upper and Lower Seams were intersected in both\n boreholes and contain sylvinite of high grade, which will likely\n contribute to an increase and upgrade of the Mineral Resource and\n further demonstrates the extent of high grade mineralisation, which\n remains open in almost all directions, as is shown in Figure 1.\n\n\nThe depth to the seams in EK_46 and EK_47 is the shallowest to date with\n the top of the Upper Seam occurring at 219 metres and 217 metres below\n surface respectively. The thickness of the halite above the Upper Seam\n exceeds 20 metres in both boreholes, well in excess of the minimum\n 'salt-back' required for mining.\n\n\nThrough an extension of the data swap agreement with a prominent oil and\n gas exploration group active in the area, Elemental has acquired\n additional 2D seismic data covering 40 square kilometres of the western\n portion of the Kola deposit and possible extension (Figure 1). The\n additional seismic data will complement existing datasets and assist\n with resource modelling and classification. Both datasets will be\n utilised in the review of the classification of the resources in this\n area when updated as part of the Bankable Feasibility Study.\n\n\nThough not present in the Phase 3A boreholes, the exceptionally...