- Millennial Potash (OTCQB: MLPNF) announces successful drilling results at Banio Potash Project in Gabon.
- Drillhole BA-004 intersects over 100 meters of potash mineralization, expanding known resources.
- Results to contribute to an updated Mineral Resource Estimate and support upcoming Feasibility Study.
Millennial Potash Corp. (OTCQB: MLPNF) has reported significant drilling results from its Banio Potash Project in Gabon. The company completed drillhole BA-004, which reached a depth of 667 meters, intersecting over 100 meters of potash mineralization in the form of interbedded carnallite and halite. This extends the known mineralization strike length to approximately 8,000 meters.
Currently, the Banio Project holds an Indicated resource estimate of 657 million tonnes grading 15.9% KCl and an Inferred resource of 1.159 billion tonnes grading 16% KCl. The new data from BA-004 will be used to update the Mineral Resource Estimate, aiding future feasibility studies and potential resource upgrades.
Drillhole BA-004 is located approximately 3.7 kilometers east of the recently completed BA-001-EXT. Millennial plans to continue with core logging and sampling to finalize analytical results, which are essential for the forthcoming Feasibility Study that aims to further evaluate the project's potential.
The successful extension of potash mineralization and the detailed evaluation of evaporite cycles indicate promising prospects for Millennial Potash, which expects to commence the Feasibility Study soon, leveraging these latest findings.
