South Harz Potash Ltd (ASX:SHP) has advanced toward an upgraded JORC resource for the Ohmgebirge Potash Project in Germany with results from recent drilling demonstrating “excellent” correlation with historical data.
The company received solid results of 11 metres averaging 14.4% potassium oxide (K2O), with a higher-grade intersection of 4 metres grading at 19.7% potassium oxide.
The hole – OHM-02 – was drilled to a depth of 721.32 metres to fully penetrate the Stassfurt Potash Horizon, designed to mirror and validate results from a historic drillhole created over a century ago in 1906, which contained a 5.5 metre intersection graded at 15.72% potassium oxide.
“Further substantiates our confidence”
“I am delighted to announce the assay results returned from our recently completed drillhole OHM-02 which shows excellent correlation with the nearby historic drillhole which was drilled over a century ago,” South Harz Potash managing director Dr Chris Gilchrist said.
“This further substantiates our confidence in the accuracy of the 41 drillholes in the Ohmgebirge project area, and indeed the 300 drillholes which we acquired as part of our suite of perpetual mining licences.
“Work is progressing very well at our second drill site OHM-01, despite some early challenges and is now on target to complete during mid-May.
“These confirmatory assay results represent a very significant milestone for the company and I eagerly look forward to the imminent completion of what promises to be a transformative scoping study.”
The company is advancing a second drill hole – ironically dubbed OHM-01 – to penetrate the potash horizon to a depth of 813 metres. This drill hole is also designed to twin and confirm results from a historical hole and is expected to be completed in the second week of May.
South Harz intends to use the data from these two holes to upgrade a large portion of the current Ohmgebirge JORC (2012) Inferred Mineral Resource estimate (325 million tonnes at a grade of 12.14%) to the Indicated category, which would allow for the release of a comprehensive scoping study for the project.