Ethiopian Potash Corp.: More Positive Drill Results on Danakil Project, Ethiopia
February 17 2012 - 10:16AM
Marketwired Canada
Ethiopian Potash Corp. ("EPC" or the "Company") (TSX VENTURE:FED)(TSX
VENTURE:FED.WT) reports a compilation of drilling results on its Danakil
Project, Ethiopia.
The Company has drilled over 6,500 metres in 26 holes; the holes are located in
the southwest corner of the property and along the western edge of the Basin
covering an area measuring 10 kilometres by 4 kilometres.
The following table summarizes assay results which have not been reported to
date, and pending results. The attached map linked here
http://www.ethiopianpotash.com/map2.htm shows the location of the stratigraphic
holes.
----------------------------------------------------------------------------
SYLVITE KAINITE
-----------------------------------------------------------------
Drill From To Interval KCL From To Interval KCL Comments
Hole
Number
----------------------------------------------------------
M M M % M M M %
----------------------------------------------------------------------------
DAL-010 183.50 184.50 1.00 30.85 190.50 196.00 6.00 20.25 Extended
sampling
ongoing
----------------------------------------------------------------------------
DAL-011 222.50 229.50 7.00 21.19 Extended
sampling
ongoing
----------------------------------------------------------------------------
DAL-012 Stratigraphic Hole Defined
the
western
edge of
the
depression
----------------------------------------------------------------------------
DAL-013 115.50 121.50 6.00 27.19 Including
34.55% KCL
over 2.0
metres
----------------------------------------------------------------------------
DAL-014 298.40 299.40 1.00 30.87 304.40 311.40 7.00 23.80 Extended
sampling
ongoing
----------------------------------------------------------------------------
DAL-015 141.50 144.50 3.00 19.89 154.50 161.50 7.00 20.29
----------------------------------------------------------------------------
DAL-016 174.00 178.00 4.00 28.61 181.50 188.50 7.00 20.77 Including
31.19% KCL
over 1.0
metres
----------------------------------------------------------------------------
DAL-017 Stratigraphic Hole Defined
the
western
edge of
the
depression
----------------------------------------------------------------------------
DAL-018 Stratigraphic Hole Defined
the
western
edge of
the
depression
----------------------------------------------------------------------------
DAL-019 Hole lost in Overburden
----------------------------------------------------------------------------
DAL-020 198.00 200.50 2.50 30.59 251.00 267.50 16.50 14.59
----------------------------------------------------------------------------
DAL-021 Hole lost in Overburden
----------------------------------------------------------------------------
DAL-022 Assays Pending Samples
have been
received
by SRC
----------------------------------------------------------------------------
DAL-023 Assays Pending Samples
have been
received
by SRC
----------------------------------------------------------------------------
DAL-024 Assays Pending Samples
have been
received
by SRC
----------------------------------------------------------------------------
DAL-025 Assays Pending Samples
have been
sent to
SRC
----------------------------------------------------------------------------
DAL-026 Assays Pending Samples
have been
sent to
SRC
----------------------------------------------------------------------------
DAL-027 Drilling
----------------------------------------------------------------------------
DAL-028 Drilling
----------------------------------------------------------------------------
David Wahl noted, "Our assays continue to confirm that on the western side of
our property we are drilling the shallowest and highest grade holes in the
basin. The stratigraphic holes which did not intersect potash were the ones
designed to define the basin edge of the mineralization, which is now clear, and
gives the Company excellent guidance on the precise continuity of the system,
and a strong ability to predict exactly where we will continue to find the
sylvite layer.
We expect to have numerous additional assays to report over the balance of the
month and have ten holes left to complete the program on this side of the
property. Following that we look forward to releasing a robust updated resource
report based on all of the work done to date."
About Ethiopian Potash Corp.
Ethiopian Potash Corp. (TSX VENTURE:FED)(TSX VENTURE:FED.WT) is a Canadian
company based in Toronto, Ontario, and Addis Ababa, Ethiopia. Ethiopian Potash
controls 481 sq km of shallow mineralization potash development concessions in
the fairway of the Danakil Depression, Ethiopia. The Company has an existing 128
mil tonne resource at 21% potash and is intent on aggressively fast-tracking its
properties to production.
Quality Control and Quality Assurance
EPC's employees follow standard operating and quality assurance procedures
intended to ensure that all sampling techniques and sample results meet
international reporting standards. Procedures for handling core samples begin
with securing the potash-bearing HQ-NQ-sized core at the drill site in plastic
poly-tubing which is then thermally sealed. Core is placed in plastic core boxes
and transported to EPC's camp for geological logging, geotechnical logging and
photographing. Significant intervals are dry cut in half using a specially
modified tungsten carbide bladed band-saw. Half core samples are then double
bagged and thermally sealed prior to flown to Addis Ababa by EPC's air charter
service. In this initial phase, halite blanks are randomly inserted into the
sample stream at a rate of 1 in 20 and sent for analysis with the core samples.
The remaining core is re-sealed in plastic poly-tubing and the core boxes
secured at Bada Camp. Upon arrival in Addis Ababa core samples are stored at EPC
office and then taken to the Ethiopian Ministry of Mines & Energy where
permission is obtained to export the samples. The bagged samples are then
carefully packed into boxes and shipped via DHL to the Saskatchewan Research
Council in Saskatoon. This sampling procedure was initiated by ERCOSPLAN
Ingenieurgesellschaft Geotechnik und Bergbau mbH, EPC's potash consulting firm,
and periodically reviewed by EPC's President and CEO.
EPC is utilizing SRC's Potash ICP Analysis package designed for multi-element
analysis of potash samples. Upon arrival at SRC Geoanalytical Laboratories, core
samples are jaw crushed to 95 % passing at minus 2mm and 100 g sub sample is
split out using a riffler and transferred to vials. The subsample is pulverized
to 95% passing at minus 0.106 mm using a puck and ring grinding mill to create a
pulp. The grinding mills are cleaned between groups using Quintus quartz. The
pulp is then transferred to a labelled plastic snap top vial. An aliquot of pulp
is placed in a test-tube with 15 ml of 30 degrees C DI water. The sample is
shaken. The soluble solution is analyzed by ICP-OES and the CL and Bro are
analyzed by ICP-MS. The soluble solution is then analysed by ICP-MS. In
addition, samples are analysed for Fe2O3 (wt%), Br and Cl by MS, plus
insolubles. SRC Geoanalytical Laboratories has been certified by the Standards
Council of Canada (SCC) to conform to the requirements of ISO/IEC 17025:2005
(CAN-P-4E). Additionally, SRC Geoanalytical Laboratories is currently being
assessed by the Standard Council of Canada for Potash analysis to the ISO/IEC
17025:2005 standard.
David G. Wahl, P.Eng., P.Geo., ICD.D is a Qualified Person as defined under
National Instrument 43-101 and has reviewed and approved the technical
information presented in this release.
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