Ethiopian Potash Assays Confirm Shallow Robust Sylvite on Danakil Project
12 Dicembre 2011 - 4:42PM
Marketwired
Ethiopian Potash Corp. ("EPC" or the "Company") (TSX
VENTURE:FED)(TSX VENTURE:FED.WT)(OTCQX:ETPHF) is pleased to
announce the results for the first six holes assayed on the
Discovery Zone located in the Southwest Corner of its Danakil
Potash Project, Ethiopia. The drill hole locations are shown in the
following figures http://www.ethiopianpotash.com/map1.htm, the
assay results are summarized below:
Hole No. Unit From (m) To (m) Interval (m) KCL%
DAL-002 Sylvite 82.00 86.50 4.50 34.21
including 83.50 84.50 1.00 44.48
Carnallite 86.50 96.00 9.50 19.17
Kainite 96.00 104.50 8.50 16.37
DAL-004 Sylvite 92.50 98.50 6.00 32.98
including 94.00 95.00 1.00 44.48
Carnallite 98.50 101.50 3.00 11.95
Kainite 101.50 114.00 12.50 16.66
DAL-007 Sylvite 134.50 137.50 3.00 37.20
including 136.00 136.50 0.50 44.17
Carnallite 137.50 140.50 2.50 19.22
Kainite 153.50 163.50 10.00 19.20
DAL-008(i) Sylvite(i) 164.50 165.50 1.00 25.65
Carnallite 165.50 174.00 8.50 19.90
Kainite 174.00 176.50 2.50 16.50
DAL-006(i) Carnallite 86.00 88.00 2.00 13.13
Kainite 88.00 89.00 1.00 4.63
DAL-005(i) Kainite 131.50 136.50 5.00 0.88
NOTE: (i) Core sampling being extended to cover the upper portion of the
potash bearing horizon.
The table above includes all sample assays contained within the
reported interval. Based on the assay results of holes DAL-002,
-004 and -007, the weighted composite average grade of KCL over the
entire potash bearing horizon, comprising the Sylvite, Carnallite
and Kainite layers, is 21.3% KCL over an average true width of
19.8m.
In addition, the assay results for holes DAL-005, -006 and -008
suggest that the original sampling interval was too short;
management has instructed the field geologists to re- examine the
drill core and extend the original sampling interval into the
hanging wall and footwall zones of the potash bearing sequence.
Based on the thickness of the sylvite zone intersected in hole
DAL-002, -004 and 007, management believes that the additional
sampling will identify sylvite mineralization.
Mr Wahl, President, CEO and Director stated: "I am very happy to
be able to report such high grade sylvite assays, considering that
these holes were located based on ready access prior to the
construction of drill site access roads."
"Equally significant is that after almost four months, the flow
of assay information has started. EPC has completed 19 holes
totalling 3,760.40 metres, all of the holes have been logged,
sampled, and shipped to Saskatchewan Research Council for analysis.
I look forward to reporting on additional assays as they are
received. Despite a slow start, due to weather and access related
issues, the accelerated construction of access roads and drill
platforms has positioned EPC to catch up to its peers in the
Basin."
"The Company is now drilling Hole 20 and anticipates completing
its program of 29 holes on the Southwest Discovery Zone in January.
At that time, Ethiopian Potash will be in a position to commission
a new 43-101 compliant resource estimate on its Southwest Discovery
Zone. Concurrently, EPC will refocus the drilling campaign on its
shallow Colluli target area. Construction of the access road from
the Southwest Discovery Zone to the Colluli area is proceeding on
schedule."
About Ethiopian Potash Corp.
Ethiopian Potash Corp. (TSX VENTURE:FED)(TSX
VENTURE:FED.WT)(OTCQX:ETPHF) is a Canadian company based in
Toronto, Ontario, and Addis Ababa, Ethiopia. Ethiopian Potash
controls 481 sq km of shallow mineralization potash development
concessions in the fairway of the Danakil Depression, Ethiopia. The
Company has an existing 128 mil tonne resource at 21% potash and is
intent on aggressively fast-tracking its properties to
production.
Quality Control and Quality Assurance
The QA/QC program employed during the initial phases of the
drill program has been recently revised by ERCOSPLAN
Ingenieurgesellschaft Geotechnik und Bergbau mbH to ensure that all
sampling techniques and sample results meet international reporting
standards. The revised protocols for handling core samples begin
with securing the potash-bearing HQ-NQ-sized core at the drill site
in plastic poly-tubing which is then thermally sealed. Core is
placed in plastic core boxes and transported to EPC's camp for
geological logging, geotechnical logging and photographing.
Significant intervals are dry cut in half using a specially
modified tungsten carbide bladed band-saw. Half core samples are
then double bagged and thermally sealed prior to transporting to
Addis Ababa by EPC's air charter. In this initial phase, halite
blanks are randomly inserted into the sample stream at a rate of 1
in 20 and sent for analysis with the core samples. The remaining
core is re-sealed in plastic poly-tubing and the core boxes secured
at EPC's exploration camp. Upon arrival in Addis Ababa, the core
samples are stored at EPC's office and then taken to the Ethiopian
Ministry of Mines & Energy where permission is obtained to
export the samples. The bagged samples are then carefully packed
into boxes and shipped via DHL to the Saskatchewan Research Council
in Saskatoon and periodically reviewed by EPC's President and
CEO.
EPC is utilizing SRC's Potash ICP Analysis package designed for
multi-element analysis of potash samples. Upon arrival at SRC
Geoanalytical Laboratories, core samples are jaw crushed to 95 %
passing at minus 2mm and 100 g sub sample is split out using a
riffler and transferred to vials. The subsample is pulverized to 95
% passing at minus 0.106 mm using a puck and ring grinding mill to
create a pulp. The grinding mills are cleaned between groups using
Quintus quartz. The pulp is then transferred to a labelled plastic
snap top vial. An aliquot of pulp is placed in a test-tube with 15
ml of 30 degrees C DI water. The sample is shaken. The soluble
solution is analyzed by ICP-OES and the CL and Bro are analyzed by
ICP-MS. The soluble solution is then analysed by ICP-MS. In
addition, samples are analysed for Fe2O3 (wt%), Br and Cl by MS,
plus insolubles. SRC Geoanalytical Laboratories has been certified
by the Standards Council of Canada (SCC) to conform to the
requirements of ISO/IEC 17025:2005 (CAN-P-4E). Additionally, SRC
Geoanalytical Laboratories is currently being assessed by the
Standard Council of Canada for Potash analysis to the ISO/IEC
17025:2005 standard. The laboratory is expecting to have
confirmation of the accreditation next week.
David G. Wahl, P.Eng., P.Geo., ICD.D is a Qualified Person as
defined under National Instrument 43-101 and has reviewed and
approved the technical information presented in this release.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Adam Chambers +1 416 907
9422achambers@gmfbcommunications.ca
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