Company News Summary
Elemental Minerals Commences Phase 3A Drilling at Kola
Original announcement: Elemental Minerals Commences Phase 3A drilling at Kola
Elemental Minerals announced the commencement of Phase 3A drilling at the Kola deposit on the Company's Sintoukola Potash Project in the Republic of Congo. The Company reported Phase 3A will comprise two boreholes to test the extension of sylvinite seams in the western part of the Kola deposit; EK_46 is located 1km southwest of EK_43 and drilling is underway - the drill site for EK_47 is ready, positioned 1.5km N-W of EK_45 - as previously reported EK_43 and EK_45 intersected 3.11m @ 37.80% K2O (59.86% KCl) and 3.75m @ 34.20% K2O (54.15% KCl) respectively in the Hangingwall Seam; and results from the new boreholes will be incorporated into an updated Mineral Resource estimate for Kola which will be used to support the Bankable Feasibility Study due to commence Q2 2013.
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