Ann: Elemental announces maiden Resource - Dougou Deposit, page-2

This is a $3 share and the below proves it!!


Highlights
• The Inferred Mineral Resource Estimate (‘MRE’ or the ‘estimate’) for Dougou is 1.29 billion tonnes grading 21.72% KCl, including 520 million tonnes grading 24.58% KCl within the Hangingwall Seam.
• The deposit is hosted by 3 near-horizontal carnallitite2 seams (Hangingwall Seam, Upper Seam, Lower Seam) and between a depth of 400 and 600 metres. Available historic data indicates insoluble content of the seams is less than 0.3%.
• Globally, carnallitite seams typically grade between 12% and 20% KCl. At over 24% KCl, the Hangingwall Seam at Dougou is high grade for a carnallitite seam and is of significant thickness averaging 8.35 metres.
• Coupled with the grade and low insoluble content, the apparent continuity of grade and thickness and the gentle dip of the seams at Dougou, may provide key advantages for extraction by solution mining.
• The deposit is open and occupies less than 50 percent part of the Dougou Exploration Target (announced 7 May 2014) which is itself a small portion of the overall prospective area.
• A drilling programme designed to expand and increase confidence in the maiden MRE is to commence this week; crews are mobilized and final preparation of equipment and drill sites is underway.
• An area (named the Yangala sylvinite prospect) of approximately 10 by 7 kilometres in extent has been identified as being prospective for sylvinite and is a possible target for future drilling.
• The Dougou deposit compliments the Company’s Kola sylvinite deposit located 15 km further inland which hosts Probable and Proven Reserves of 152 Mt grading 31.7% KCl 3.