African Potash Limited ('African Potash' or the 'Company')
Commences Drilling Campaign at Lac Dinga Potash Project
African Potash, the AIM listed exploration company focused on sub-Saharan potash assets, is pleased to announce that it has commenced drilling its first hole at the Company's Lac Dinga Potash Project in the Republic of Congo ('Lac Dinga' or the 'Project'). This initial hole is the first of a two hole rotary/core drilling programme and is planned to a depth of ~500m below surface. The drilling programme will test two high-priority targets which are interpreted to have potential for high-grade potash mineralisation based on the interpretation of seismic data.
African Potash CEO, Edward Marlow, said, "Lac Dinga, which is located in a world-class potash bearing region, has to date demonstrated the potential to host significant high-grade sylvinite tonnage at attractive depths. The objective of this maiden drilling campaign is to improve our understanding of the asset and provide a basis for evaluation of the resource potential of this highly strategic asset. I look forward to providing further information regarding the advancement of this drilling campaign in due course."
African Potash was established to invest in/acquire potash assets or projects in sub-Saharan Africa. The Directors believe the fundamentals of the global potash market, a key source of potassium fertiliser, represent a compelling opportunity to create shareholder value.
The Company is currently focused on the Lac Dinga Project in the Republic of Congo and has a highly experienced Board with a proven track record in identifying, operating and developing resource projects in Africa.
This information is provided by RNS
The company news service from the London Stock Exchange