Kore Potash PLC (ASX:KP2) believes its Kola prospect in the Republic of Congo might be much larger than previously thought after the latest drill results.
Holes drilled 1.5km and 7km to the south-east of the existing resource both recorded ‘outstanding’ intersection at grades of more than 60% sylvinite/potassium chloride.
Kore said the assay results underlined the potential to expand the deposit significantly and that additional areas of very high grade sylvinite exist outside of those already defined at Kola.
Sean Bennett, Kore’s chief executive, said: “The assay results for EK_53 and EK_54 of 60-62% KCl are remarkable.
“These results support the likelihood that Kola is significantly larger than the current resource and that we can expect additional zones of exceptional grade, which could have a positive impact on the Project economics, post DFS. “
Kola is already known to contain around a billion tonnes of potash ore combined in the measured, indicated and inferred categories.
Drilling at the nearby Dougou prospect was hampered by difficult ground conditions, so for the time being all efforts will switch to the Kola definitive feasibility study.
Bennett added: “The Dougou Extension drilling campaign shows we have the potential for another Kola style deposit; while this is excellent news, the main focus for the business will be on delivering the Kola DFS next year.”