Aug 22 2014
DuSolo Fertilizers Inc., is pleased to provide an update to the Reverse Circulation Infill Drilling Program commenced on July 28th, 2014 at the Santiago Target - STW Domain. The specific area selected for this RC drilling program is where the Company intends to begin extracting and processing at surface high-grade phosphate into Direct Application Natural Fertilizer in order to cater the strong demand for this product from local farms within the Bomfim Projects' vicinity.
The RC Infill Drilling campaign is ongoing and the Company has completed to date a total of 31 vertical holes (613 meters) of the 42 holes planned with results expected shortly. The program has followed a systematic 25 by 25 meter regular grid covering an area of 30,000 square meters. Though this area represents a small portion of the Santiago target, it contains according to the Company's estimates, enough high-grade resources to provide for multiple years of DANF processing based on the current capacity of the recently secured DANF facility now in place. The Santiago target was previously drilled and defined by way of an NI 43-101 compliant Initial Resource Estimate announced January 2014 (3.4Mt @ 14.5% P2O5 inferred - using an 8.0% Cut Off Grade).
"Today's news yet again demonstrates how the Company is relentlessly pursuing its strategic plan to become a phosphate producer in one of the world's largest fertilizer nations." Commented Eran Friedlander Dusolo's President & CEO "We are convinced The Bomfim Project represents a very rare opportunity in the mining world. After all, with very little upfront capital and through a very simple process DuSolo will be in a unique position of becoming the only local supplier of a rare fertilizer product that will cater to the strong and fastly growing demand of a domestic world class marketplace."
The Company implements industry recognized QA/QC methods at the project by inserting high and low grade standard samples, blanks and duplicates. Chips from RC drilling are collected in bags for each one meter interval. Chips are logged at the drill site and the samples are taken to a core shack located at DuSolo's field office. At the core shack the samples are then crushed and screened to less than 2mm prior to homogenization and quartering. An aliquot of one quarter from each sample is then sent for analysis.
Source: http://www.dusolo.com/