logo-loader

Fertoz Ltd expands rock phosphate supply options in British Columbia

Published: 17:30 05 Apr 2016 AEST

au_canada_map_two_350_570303950b16d

Fertoz Ltd (ASX:FTZ) secured 2,453 hectares of land prospective for direct application phosphate at Mt Lyne, in the Elko region of British Columbia, Canada, which will form part of the company’s Fernie phosphate project.

Historical exploration reports covering Mt Lyne suggest the property is highly prospective for rock phosphate grades that are similar to the company’s existing Crowsnest/Marten/Barnes Lake properties.

The Mt. Lyne property was granted to Fertoz upon application to the British Columbia Department of Energy and Mines and potentially expands on the company’s existing direct application rock phosphate supply options.

Mt Lyne is 15 kilometres north of the Company’s 100% owned Crowsnest.

Mt Lyne increases Fertoz’s land position in the Fernie project, which is well serviced with road and rail infrastructure to agricultural areas in Canada and the USA.

When added to the Fertoz’s existing Fernie project, the potential strike length of the phosphate-bearing horizon within the company’s tenements now exceeds 25 kilometres.

The south-eastern region of British Columbia is near numerous fertiliser manufacturers and users, including large farming operations in Alberta, Oregon, Washington State, Montana and Idaho.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

Australian Strategic Materials signs US$600 million LoI

Rowena Smith, CEO and managing director of Australian Strategic Materials Ltd (ASX:ASM, OTC:ASMMF), joins Jonathan Jackson in the Proactive studio to discuss the company’ s Dubbo Project, in Central West New South Wales. This project aims to extract and process critical minerals and rare earth...

8 hours, 20 minutes ago