Ethiopian Potash (EPC) has currently obtained the assay results for the drill holes 1 and 3, which is situated in the Discovery zone of the Danakil potash project’s southwest corner in Ethiopia.
EPC’s CEO and President, David Wahl, commented that the company is announcing the good assay results into the soft market in the tax-loss selling period and the investors can identify the model of high grade sylvite over excellent thickness. Some of the drilling results are remaining. The company is expecting to provide a fresh 43-101 in the early period of 2012’ first quarter.
The company intersected 40.56% KCL over 2.50 m, 36.66% KCL over 1.50 m, 34.39% KCL over 5.90 m, 16.66% KCL over 12.00 m and 6.70% KCL over 11.60 m in the hole DAL-003. It also cut 34.61% KCL over 2.00 m, 15.13% KCL over 3.00 m and 0.96% KCL over 12.50 m in the hole DAL-001. These two holes include Sylvite, Kainite and Carnallite units.
Ethiopian Potash has control over the near-surface mineralization potash growth concessions of 481 sq. km. located in the Danakil Depression’s fairway in Ethiopia. It is currently having 128 Mt of resource at 21% of potash and has planned to aggressively fast-track the company’s properties for production.
Source: http://ethiopianpotash.com/