Millennial Potash Intersects Significant Potash in BA-001-EXT at its Banio Potash Project in Gabon

About this update from Millennial Potash Corp

[{"type":"text","content":"Millennial Potash Intersects Significant Potash in BA-001-EXT at its Banio Potash Project in GabonWest Vancouver, British Columbia--(Newsfile Corp. - May 6, 2025) - Millennial Potash Corp. (TSXV: MLP) (OTCQB: MLPNF) (FSE: X0D) (\"MLP\", \"Millennial\" or the \"Company\") is pleased to announce that it has completed drillhole BA-001-EXT at the North Target on its Banio Potash Project in Gabon. Drillhole BA-001-EXT was initially drilled in 2017 and stopped prematurely at approx. 364m in a zone of soft sediment deformation or slumping rich in carnallitite. As part of Millennial's Phase 2 drill program BA-001-EXT was extended to a depth of approximately 678m and intersected numerous carnallitite seams within approximately 290m of interbedded carnallitite and halite, from 364m to 657m.Farhad Abasov, Millennial's Chair, commented \"Millennial is very pleased to have intersected a robust section of interbedded carnallitite and halite with the completion of drillhole BA-001-EXT. Numerous thick potash seams, in carnallitite form, have been intersected in the extension of BA-001 and in total the combined +250m of interbedded carnallitite and halite exceeded our expectations. We are looking forward to completion of the logging and sampling of the potash horizons and the analytical results. Extending drillhole BA-001 and drilling new hole BA-004 has the potential to significantly boost the project's potash resources. Upon completion of the drilling an updated Mineral Resource Estimate is expected to be completed which would form the foundation of a Feasibility Study expected to begin in the coming months.\"Drillhole BA-001 was originally drilled in 2017 to a depth of 364m where massive carnallitite was intersected but with variable bedding orientations which were originally interpreted as representing a fault zone. MLP's geological model, based on extensive experience in the Gabon-Congo Basin, recognized this variability in bedding as soft sediment deformation and confined to only the upper evaporite cycles in the basin. Drillhole BA-001 was re-entered and drilled to a depth of 678m after encountering numerous evaporite cycles and carnallitite seams from approx. 364m to a depth of 657m (see core Photos 1 and 2 below). Detailed core logging and final interpretation of evaporite cycle and seam identification are ongoing. In addition, core pre...

More updates from Millennial Potash Corp