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Arapua Fertilizer Project Update
Arapua Fertilizer Project Update.
About this update from Harvest Minerals Limited
[{"type":"text","content":"\n \nRNS Number : 7059X Harvest Minerals Limited 10 May 2016 \n\n10th May 2016\nHarvest Minerals Limited\n \nArapua Fertilizer Project Update\nResults for the Air Core Drilling Programme at Maximus Prospect \nHarvest Minerals Limited (\"Harvest\" or \"the Company\") is pleased to announce the completion of an initial air core drilling programme at the Maximus Prospect, part of its Arapua Fertilizer Project (\"Arapua\"), located in the Brazilian state of Minas Gerais, ahead of the potential commencement of a mining programme. \nThe results from the drilling programme, which focused on a small area of the existing license acreage, are in line with the Company's estimates for tonnage and grade, having identified a mineralized area with the appropriate balance of minerals to support a Direct Application Natural Fertiliser (\"DANF\") product. \nThe Company has identified a significant demand for DANF product, particularly within short trucking distances from Arapua with over 1.8 million hectares of cultivated land (primarily soybean, maize, coffee and sugar cane) within 200km of the project.\nDrilling Result Highlights:\n· A total 25 air core drill holes (MXAC001 to MXAC025) have been completed to a depth of between 4 to 24 meters thereby providing a total of approximately 400m of drilling data. \n \n· All drill holes intersected consistent phosphate (P2O5) and potassium oxide (K2O) enriched clay weathered kamafugite rocks - drilling ceased when intersecting unweathered kamafugite.\n \n· Results from samples submitted to SGS Geosol, which is based in Belo Horizonte, indicate mineralized interceptions, ranging from 4.0m to 24.0m in thickness and grading from 1.67% to 4.27% P2O5 and from 2.16% to 5.30% K2O.\n \n· The results also highlight calcium oxide (CaO) and magnesium oxide (MgO) grades of over 5%, potentially increasing the value of the material as a multi-nutrient direct application fertilizer.\n \n· The area drilled represents only 0.107km² of the 1.691km2 (6%) of known kamafugite mineralization which the Company's geologists mapped in February 2016.\n \n· Environmental Impact Study for trial mining permit has commenced. Trial Mining License application is expected to be made in Q...