2011ASX Announcements

High Grade Phosphate Results Returned From Drilling At Lucena Phosphate Project Brazil

By June 23, 2011November 4th, 2020No Comments
  • Sixteen holes totalling 960 metres of planned 1,500 metre program now completed.
  • Assays from first eleven holes spaced over a 20 kilometre zone have now been received with eight holes returning phosphate mineralisation.
  • Numerous high grade intersections were received including assays up to 23.25% P2O5.
  • These early results highlight the area’s potential to host a near surface phosphate deposit in close proximity to infrastructure, primary agriculture customers and fertiliser blenders.
  • Infill drilling will commence immediately with a further drilling program doubling the initial drilling program to 3,000 metres.
  • Further drilling will test for significant widths and thicknesses of phosphate mineralisation to enable the rapid development of a start-up project, based on the fact that Brazil is heavily reliant on imports of up to 50 per cent of its phosphate needs.
Loader Loading...
EAD Logo Taking too long?
Reload Reload document
| Open Open in new tab

Download [1.07 MB]