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('African Potash' or 'the Company')
Four highly prospective drill targets identified at
African Potash, the AIM listed exploration company focused on sub-Saharan potash assets, is pleased to announce that it has completed the interpretation of seismic data and delineated four prospective drill targets at its
· Interpreted 415 line kilometres of recent oil exploration 2D seismic data covering 470km2 on and around the Lac Dinga licence area acquired in
· Delineated four target areas of which two areas will be tested initially - targets identified near the basin margin where favourable conditions are interpreted for the formation of high-grade potash mineralisation
· About 250km2 of Lac Dinga is interpreted to be underlain by prospective salt bearing strata and to occur at a depth of about 250m to 350m below surface
· Salt sequence is expected to measure up to approximately 400m in thickness in the south west of the Project area
· Drilling on track to commence Q3 2014 with two holes scheduled to be drilled by
· Drilling programme will include two vertical rotary/diamond drill holes for a total of about 1,000m
· Objective for the drilling programme is to test the interpreted prospective salt sequence for the development of high-grade sylvinte horizons within the basin-wide carnallite layer
African Potash CEO,
African Potash acquired approximately 415 line kilometres of high quality 2D oil industry seismic data that covered and area of approximately 470km2 in
The objective for the maiden drilling programme is to test the interpreted prospective salt sequence for the development of high-grade sylvinte (KCl) horizons within basin-wide carnallite (KMgCl3 x 6(H2O)) layer. The programme is planned to include two approximately 400m to 500m deep vertical drill holes. It is expected that the holes will intersect the evaporite horizon between 300m and 350m below surface. The drill holes are planned to be drilled as open rotary holes through the cover sequence consisting of mainly poorly consolidated sandstones, limestone and dolomites and to be cased to the top of the salt and then PQ size (~9cm diameter) core drilling into the evaporite formation.
The geological study was conducted by
The historic drill hole information confirms the development and presence of potash mineralisation in the form of sylvinite and carnallitite in the area immediately to the south (~5km) of the Project area. The records refer to layers of sylvinite and/or carnallitite developed in the same stratigraphic position as that exploited in the nearby Holle historic potash mine.
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About African Potash
African Potash was established to invest in/acquire potash assets or projects in sub-Saharan Africa. The Directors believe the fundamentals of the global potash market, a key source of potassium fertiliser, represent a compelling opportunity to create shareholder value.
The Company is currently focused on the
This information is provided by RNS