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Stonegate Agricom Reports Further Drilling Results from Paris Hills Phosphate Project

Published on December 15, 2011 at 2:04 AM

By Joel Scanlon

Stonegate Agricom has reported further assay results from the high-grade Lower Phosphate Zone (LPZ) intercepts located at the Paris Hills phosphate project, Idaho.

The comprehensive assay results have included six definition drill holes present in the property’s eastern and southern portions that is nearby the regions, which was formerly drilled by Stonegate. These results are constant with drilling results obtained early for 21 holes at the property.

Stonegate’s CEO and President, Mark Ashcroft, stated that these assay results are reliable in width and grade with formerly announced LPZ results and has validated the high-grade nature and continuity of the LPZ.

He added that this program will drill continuously in the formerly unexplored regions during the first half of 2012. The company is anticipating the release of pre-feasibility study results targeting the LPZ in the 2012 first quarter. It is expecting to include a primary resource update of the LPZ, depending on the freshly available drill results in the pre-feasibility study. It has planned a second update for the lower and upper phosphate zones.

True bed widths have been estimated depending on the stratigraphy orientation and down hole drilling deviations. The company has submitted drill core samples to IAS EnviroChem of Idaho for preparation and analysis.

Source: http://www.stonegateagricom.com/

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