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Millennial Potash Announces Maiden Mineral Resource Estimate in the Northern Part of the Banio Potash Project: Indicated Mineral Resources of 657 Million Tonnes of 15.9% KCl and Inferred Mineral Resources of 1.159 Billion Tonnes of 16.0% KCl
Vancouver, British Columbia--(Newsfile Corp. - January 16, 2024) - Millennial Potash Corp. (TSXV...
About this update from Millennial Potash Corp
[{"type":"text","content":"Millennial Potash Announces Maiden Mineral Resource Estimate in the Northern Part of the Banio Potash Project: Indicated Mineral Resources of 657 Million Tonnes of 15.9% KCl and Inferred Mineral Resources of 1.159 Billion Tonnes of 16.0% KClVancouver, British Columbia--(Newsfile Corp. - January 16, 2024) - Millennial Potash Corp. (TSXV: MLP) (OTCQB: MLPNF) (FSE: X0D) (\"MLP\", \"Millennial\" or the \"Company\") is pleased to announce the results of a maiden Mineral Resource Estimate (\"MRE\") for the northern part of its Banio Potash Project in Gabon. The estimate was completed by ERCOSPLAN Ingenieurgesellschaft Geotechnik und Bergbau mbH (\"ERCOSPLAN\"), an established potash specialist with significant experience in the Congo Basin. The MRE includes new assay data from historic holes BA-002, and BA-003 plus assay results from additional potash cycles intersected in the drilling extension of BA-002, completed in September 2023, (see Press release dated Nov. 14, 2023). The MRE includes Indicated Mineral Resources of approximately 657 million tonnes grading 15.9% KCl which equates to 104.6 million tonnes of contained KCl and Inferred Mineral Resources of approximately 1.159 billion tonnes grading 16.0% KCl which equates to 185.3 million tonnes of contained KCl (see Tables 1 and 2).Farhad Abasov, Millennial's Chair, commented \"Millennial Potash is delighted to announce its maiden Mineral Resource Estimates (MRE) for the northern part of its Banio Potash Project. These substantial resources, with 657M tonnes at 15.9% KCl for Indicated and additional Inferred resources of 1.159 billion tonnes grading 16% KCl, underscores the project's immense potential, considering that only 2 holes have been used in the compilation of the resource estimate. The presence of sylvinite seams constitute a higher-grade resource that adds further promise to the Project and will be explored in future drill programs. It is important to note that the resources cover only a fraction of the northern part of the entire Project area, and based on the historical drill results and seismic work we believe the deposit continues to the south. We also believe there is a significant potential in the northern part that needs further exploration. Particularly exciting for the Project is confirmation that the carnallite-rich potash seams that are potentially exploitable...