- Millennial Potash’s (TSXV:MLP) has received some analytical results from its Banio Potash Project in Gabon
- The results come from the resampling program on hole BA-002, which confirm intersected evaporite Cycles V through VIII cutting 13 carnallite seams
- Interpretation of the data confirms previous values reported by the previous owners of the property, indicating the historic data is suitable for future use evaluating the potash potential of the project
- Millennial Potash stock (TSVX:MLP). opened trading at $0.41 per share
Millennial Potash (TSXV:MLP) has received some analytical results from its Banio Potash Project in Gabon.
The results come from the resampling program on hole BA-002, which confirm intersected evaporite Cycles V through VIII cutting 13 carnallite seams. Interpretation of the data confirms values reported by the previous owners of the property, indicating the historic data is suitable for future use evaluating the potash potential of the project.
Preparations for the upcoming drill program at Banio are ongoing, including complete rehabilitation of the camp and clearing 4 kilometres of drill roads and drill pad access. In the Phase 2a program historic holes BA-001 and BA-002 will be extended 350 metres and 55 metres respectively to test the presence of additional potash cycles.
Millennial’s chairman, Farhad Abasov, said in a news release that the results confirm the presence of abundant carnallite seams at the north end of the property with widths of up to 28.8 metres and grades up to 16.7 per cent Potassium chloride (KCl).
“The top of the sequence is marked by several sylvinite layers up to 3.75 metres thick and up to 26.25 per cent KCl representing an additional target that may be amenable to solution mining. Both the carnallite and sylvinite targets will be tested in the upcoming drill program scheduled to start in Q3,” Abasov said in a statement.
Table of potash intercepts with KCl content from historic drillhole BA-002 (Dip=0°)
| BA-002 | Dip=0° | Depth |
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KCl per cent to |
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Seam # | From (m) | To (m) | Thickness (m) | KCl per cent | Carnallite per cent |
| Cycle VIII |
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| Sylvinite | 1 | 262.9 | 264.85 | 1.95 | 18.9 |
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| Sylvinite | 2 | 272.4 | 276.15 | 3.75 | 15.3 |
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| Sylvinite | 3 | 280.2 | 282.3 | 2.10 | 24.6 |
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| Sylvinite
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4 | 284.35 | 287.05 | 2.70 | 25.2 |
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| Cycle VII |
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| Sylvinite | 1 | 324.25 | 325.45 | 1.20 | 26.3 |
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| Carnallitite | 1 | 325.45 | 329.45 | 4.00 | 19.5 | Mixed |
| Carnallitite | 2 | 354.39 | 358.19 | 3.80 | 14.0 | 52.1 |
| Carnallitite | 3 | 361.64 | 363.39 | 1.75 | 12.0 | 44.7 |
| Carnallitite | 4 | 364.79 | 366.04 | 1.25 | 13.2 | 49.2 |
| Carnallitite | 5 | 368.79 | 370.29 | 1.50 | 13.9 | 51.8 |
| Carnallitite | 6 | 374.69 | 376.24 | 1.55 | 12.5 | 46.7 |
| Carnallitite | 7 | 387.76 | 390.86 | 3.10 | 13.1 | 48.8 |
| Carnallitite | 8 | 394.41 | 396.96 | 2.55 | 15.1 | 56.3 |
| Carnallitite | 9 | 400.71 | 406.06 | 5.35 | 14.2 | 52.8 |
| Carnallitite | 10 | 409.66 | 417.16 | 7.50 | 13.7 | 51.1 |
| Cumulative (2-10) | Carnallitite |
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28.35 | 13.7 | 51.1 |
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| Cycle VI |
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| Carnallitite | 1 | 438.71 | 467.52 | 28.81 | 12.1 | 45.7 |
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| Cycle V |
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| Carnallitite | 1 | 481.8 | 491.85 | 10.05 | 12.0 | 44.8 |
| Carnallitite | 2 | 496.35 | 498.25 | 1.90 | 16.7 | 62.1 |
| Carnallitite | 3 | 499.5 | 501.05 | 1.55 | 15.2 | 56.6 |
Millennial Potash Corp. is focused on the exploration and development of potash deposits. The company’s flagship asset is the Banio Potash Project along the coast of Gabon, West Africa, which has the potential to have all the right characteristics to become a significant producer of potash.
Millennial Potash Corp. opened trading at $0.41 per share.
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