Kola already boasts a measured and indicated resource of over 500 mln tonnes of ore grading 35.4% KCl. But the new holes expand knowledge about mineralisation in areas beyond the resource, as they were drilled 1.5 km and 7 km south.
“These results are some of the best exploration news to date for Kore,” said chief executive Sean Bennet.
“The recent drill-holes are a further 1.5 and 7 km south of this resource and demonstrate both the potential to extend the deposit, and that additional areas of 50-60% KCl grading Hangingwall Seam are present. These grades set Kore apart from other global potash deposits. If further exploration is carried out and additional resources and reserves are successfully defined in this area, they may support an increase of the Kola life-of-mine and improvement in operating costs, post DFS”.
Meanwhile, over at Dougou, another of the company’s projects, drilling has returned more high grade intercepts of sylvinite.
This, added Bennet, represents further “very positive news” for the company.