Stonegate Agricom Ltd. (TSX: ST) today announced that definition drilling continues to confirm the continuity and high-grade nature of the Upper and Lower Zones of its Paris Hills Phosphate Project in Idaho.
The drilling program that began in September 2010 has been expanded and drilling is continuing through the winter with one reverse circulation rig and three diamond-drill coring rigs currently on site.
Sixteen of the 25 holes that were pre-collared using a reverse circulation rig have been successfully completed. Assay results have been received for six holes showing high-grade intercepts in the Lower Zone ranging from 29.1% to 31.3% P2O5 and in the Upper Zone from 22.6% to 29.6% P2O5.
Paris Hills Phosphate Project Assay Results as of January 17, 2011
The holes reported were drilled in the southeastern part of the property with a spacing of up to 450m (1,500 ft) along two sections spaced 150m (500 ft) apart. All drill holes are vertical and the stratigraphy near horizontal and the intervals are therefore approximately true thickness.
Drill core samples are submitted to ALS Laboratory Group in Elko, Nevada, for preparation. Analyses are being completed at the group's Vancouver laboratory. Results for 10 other holes are pending. Internal standard and blanks were submitted with the samples as part of Stonegate's quality control program.
This news release has been reviewed and approved by Michelle Stone, Ph.D., P.Geo., Vice President Exploration of Stonegate Agricom, who is a qualified person as defined in National Instrument 43-101.
Source: Stonegate Agricom Ltd.