Millennial Potash Reports Drillhole Resampling Results from BA-002 Confirm Robust Potash Horizons up to 28.8m
Millennial Potash Reports Drillhole
Resampling Results from BA-002 Confirm
Robust Potash Horizons up to 28.8m
Vancouver, British Columbia--(Newsfile Corp. - July 20, 2023) -
Millennial Potash Corp. (TSXV: MLP)
(OTCQB: MLPNF) (FSE: X0D) ("MLP", "Millennial" or the "Company")
is pleased to report it has
received analytical results for the resampling program of hole BA-002 at its Banio Potash Project (the
"Project").
Results confirm that BA-002 intersected evaporite Cycles V, VI, VII and VIII cutting 13
carnallitite seams including up to 28.81m of carnallite. Interpretation of the data confirms previous values
reported by the previous owners of the Property, Infinity Lithium Corp. ("Infinity") and Plymouth Minerals
Corp., indicating the historic data is suitable for future use evaluating the potash potential of the Project.
Farhad Abasov, Millennial's Chair, commented, "Millennial is pleased to have received the analytical
results from the sampling of the pulps from historic drill hole BA-002.
The results confirm the presence of
abundant carnallitite seams at the north end of the property with widths of up to 28.8m and grades up to
16.7 % KCl.
The top of the sequence is marked by several sylvinite layers up to 3.75m thick and up to
26.25% KCl representing an additional target that may be amenable to solution mining.
Both the
carnallitite and sylvinite targets will be tested in the upcoming drill program scheduled to start in Q3."
Millennial, with potash engineering consultants ERCOSPLAN Ingenieurgesellschaft Geotechnik und
Bergbau mbH ("ERCOSPLAN"), selected 207 key, stored pulp samples (approx. 250g each) with high
K-grades from the Infinity Lithium's potash drillhole BA-002, completed in 2017.
Samples were analyzed
by potash specialist K-UTEC Salt Technologies of Germany ("K-UTEC") using multi-element ICP for Na,
K, Mg, Ca and S (SO4), titration methods for Chloride, as well as gravimetric determination of the
insoluble content for each sample. The results were incorporated into the Project drillhole database
replacing the values found by Infinity while low grade Infinity samples remained to create a database of
combined, vetted, Infinity results and updated results from the Millennial sampling program.
Review of the historic geology logs and drillhole data indicates evaporite Cycles V, VI, VII, and VIII were
intersected by BA-002.
The criteria for seam boundary determination utilized a minimum width of 1m
and a minimum average grade of 10.8% KCl.
The cycles are comprised primarily of carnallitite seams
and halite lenses as well as some sylvinite in Cycle VIII higher in the sequence.
These sylvinite seams
reach 3.75m in thickness and grade up to 25.2% KCl (see table below).
Cycle VII contains one
sylvinite/carnallitite seam at the top followed by 10 carnallite seams that vary in width from 1.25m to
7.50m and have a cumulative thickness of 28.35m.
The grades of the carnallitite seams ranged from
12.0% KCl to 15.1% KCl with an average of 14.7% KCl over the 28.35m combined sequence.
Banio Potash location map with historic drillholes
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4674/174061_6afb3609842f2b23_001full.jpg
Cycle VI is defined by one seam, essentially bedded carnallite with intermittent halite over a thickness of
28.81m.
The average grade of the seam is 12.3% KCl indicating the potential for a significant target that
if continuous could possibly be amenable to bulk solution mining.
Cycle V is comprised of 3 carnallitite
seams, up to 10.05m thick with grades of up to 16.7% KCl (see table below).
Table of potash intercepts with KCl content from historic drillhole BA-002 (Dip=0°)
BA-002
Dip=0°
Depth
KCl % to
Seam #
From (m)
To (m)
Thickness
(m)
KCl %
Carnallite %
Cycle VIII
Sylvinite
1
262.9
264.85
1.95
18.9
Sylvinite
2
272.4
276.15
3.75
15.3
Sylvinite
3
280.2
282.3
2.10
24.6
Sylvinite
4
284.35
287.05
2.70
25.2
Cycle VII
Sylvinite
1
324.25
325.45
1.20
26.3
Carnallitite
1
325.45
329.45
4.00
19.5
Mixed
Carnallitite
2
354.39
358.19
3.80
14.0
52.1
Carnallitite
3
361.64
363.39
1.75
12.0
44.7
Carnallitite
4
364.79
366.04
1.25
13.2
49.2
Carnallitite
5
368.79
370.29
1.50
13.9
51.8
Carnallitite
6
374.69
376.24
1.55
12.5
46.7
Carnallitite
7
387.76
390.86
3.10
13.1
48.8
Carnallitite
8
394.41
396.96
2.55
15.1
56.3
Carnallitite
9
400.71
406.06
5.35
14.2
52.8
Carnallitite
10
409.66
417.16
7.50
13.7
51.1
Cumulative
(2-10)
Carnallitite
28.35
13.7
51.1
Cycle VI
Carnallitite
1
438.71
467.52
28.81
12.1
45.7
Cycle V
Carnallitite
1
481.8
491.85
10.05
12.0
44.8
Carnallitite
2
496.35
498.25
1.90
16.7
62.1
Carnallitite
3
499.5
501.05
1.55
15.2
56.6
In addition to confirming carnallitite seam widths and grades, the resampling program was designed to
evaluate the quality of the historic data from ALS Global of Brisbane, Australia for overall intermediate
grade potash samples by comparing it with a lab specializing in potash analysis.
The graph below
indicates that the analytical data from ALS Global for BA-002 tends to slightly overestimate the K-content
for samples with higher Carnallite content (K in the range of 7% to 15%). However, for samples with low
Carnallite content the correlation with the K-UTEC results is satisfactory and the ALS Global data is
acceptable for use in future evaluations of the Project.
Comparison of K-UTEC and ALS Global analytical results; red lines represent +/-10% deviation
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4674/174061_6afb3609842f2b23_002full.jpg
Preparations for the upcoming drill program at Banio are ongoing including complete rehabilitation of the
camp, establishing internet services and clearing of 4km of drill roads and drill pad access.
In the Phase
2a program historic holes BA-001 and BA-002 will be extended 350m and 55m respectively to test the
presence of additional potash cycles.
Hole BA-004, located approximately 4 km east of BA-001 will be
drilled to 700m depth in an effort to intersect and evaluate the entire evaporite sequence comprised of
cycles II to IX.
Drilling is expected to commence in Q3, 2023 and completed in Q4.
QA/QC
Pulps from the Infinity drill program in 2017 for historic hole BA-002 were acquired by Millennial from
ALS Global and forwarded to ERCOSPLAN for evaluation.
Geological staff from Millennial and
ERCOSPLAN selected key samples which were forwarded to K-UTEC for potash analysis.
Millennial/ERCOSPLAN did not insert blanks or standards into the group of pulps.
K-UTEC's protocol
includes the insertion of internal standards and review of this data shows no significant deviation from
the accepted values.
In addition, the Company selected 20 pulp samples from BA-002 and BA-003 to
be analyzed by both K-UTEC laboratory and the Saskatchewan Research Council Geoanalytical
Laboratory (SRC) as check samples.
The graph below indicates that compared to the results from SRC,
the K-UTEC lab generated slightly lower K values (0.5-1%).
This small discrepancy is not considered
material at this stage of the Project.
ALS Global and K-UTEC are both independent of the Company and
have no relationship to it.
ERCOSPLAN performs consulting and exploration related services for the
Company under the terms of an agreement between ERCOSPLAN and the Company.
Comparison of K-UTEC and SRC analytical results; red lines represent +/-10% deviation
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4674/174061_6afb3609842f2b23_003full.jpg
This news release has been reviewed by both Sebastiaan van der Klauw, EurGeol, of ERCOSPLAN
and Peter J. MacLean, Ph.D., P. Geo, Director of the Company, and both are Qualified Persons as that
term is defined in National Instrument 43-101.
To find out more about Millennial Potash Corp. please contact Investor Relations at (604) 662-8184 or
email at
.
MILLENNIAL POTASH CORP.
"Farhad Abasov"
Chair of the Board of Directors
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.
This document may contain certain "Forward-Looking Statements" within the meaning of the United
States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When
used in this news release, the words "anticipate", "believe", "estimate", "expect", "target, "plan" or
"planned", "forecast", "intend", "may", "schedule" and similar words or expressions identify forward-
looking statements or information. These forward-looking statements or information may relate to future
prices of commodities, accuracy of mineral or resource exploration activity, reserves or resources,
regulatory or government requirements or approvals including approvals of title and mining rights or
licenses and environmental (including land or water use), local community or indigenous community
approvals, the reliability of third party information, continued access to mineral properties or
infrastructure, changes in laws, rules and regulations in Gabon or any other jurisdiction which may impact
upon the Company or its properties or the commercial exploitation of those properties, currency risks
including the exchange rate of USD$ for Cdn$ or CFA or other currencies, fluctuations in the market for
potash or potash related products, changes in exploration costs and government royalties, export
policies or taxes in Gabon or any other jurisdiction and other factors or information. The Company's
current plans, expectations and intentions with respect to development of its business and of the Banio
Potash Project may be impacted by economic uncertainties arising out of any pandemic or by the
impact of current financial and other market conditions on its ability to secure further financing or funding
of the Banio Potash Project. Such statements represent the Company's current views with respect to
future events and are necessarily based upon a number of assumptions and estimates that, while
considered reasonable by the Company, are inherently subject to significant business, economic,
competitive, political, environmental and social risks, contingencies and uncertainties. Many factors, both
known and unknown, could cause results, performance or achievements to be materially different from
the results, performance or achievements that are or may be expressed or implied by such forward-
looking statements. The Company does not intend, and does not assume any obligation, to update these
forward-looking statements or information to reflect changes in assumptions or changes in
circumstances or any other events affecting such statements and information other than as required by
applicable laws, rules and regulations.
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