2010ASX Announcements

Surface Sampling Results Up To 13.35% P2O5 Identifies Large Drilling Target At Mata Da Corda

By October 20, 2010November 4th, 2020No Comments

Highlights:

  • Reconnaissance rock chip sampling of the recently acquired 300,000 hectare Mata da Corda Phosphate Project (“MCPP”) continues to provide encouragement and has identified another drilling target area.
  • Surface rock chip sampling from Block 1 has returned grades of 13.35% and 12.95% P2O5 from host rocks that are up to 50 metres thick and extend laterally for several kilometres
  • This new discovery builds on the success of the recent announcement of surface mineralisation in Block 5 and further highlights the area’s potential to host a near surface phosphate deposit.
  • Drilling programs are being finalised to test Blocks 1 and 5 immediately after the completion of drilling at the Capacete Target to the east.
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