DuSolo's Pit Opening Program at Bomfim Intersects 4 Meters of 20% P2O5 in a New High-grade Target "Tataco"
14 5월 2014 - 11:08PM
Marketwired
DuSolo's Pit Opening Program at Bomfim Intersects 4 Meters of 20%
P2O5 in a New High-grade Target "Tataco"
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 14, 2014) -
DuSolo Fertilizers Inc.,
(TSX-VENTURE:DSF)(PINKSHEETS:ELGSF)(FRANKFURT:E6R) ("DuSolo" or
"the Company") is very pleased to announce excellent lab results
from a recent pit opening campaign on a newly discovered
target-"Tataco" at the Bomfim Project, Tocantins. PIT-TT-01
intersected from surface, 4.00 meters at 10.43% P2O5 including 2
meters at 14.92% P2O5 and remains open at depth. PIT-TT-04
intersected from surface, 6.00 meters at 15.08% P2O5 including 4.00
meters at 20.05% P2O5 which also remains open at depth.
The Tataco Target is located to the north-west of DuSolo's
Santiago Target and based on detailed mapping (1:10,000 scale)
extends 4km along strike. The distance between the high-grade
mineralization (phosphorite) discovered in PIT-TT-01 at the
northwest portion of the target and the high grade mineralization
discovered in PIT-TT-04 at the southeast portion of the target is
2.5km.
A total of five test pits were opened to date with the best
high-grade (>10% P2O5) results shown below:
Pit ID |
|
From (m) |
|
To (m) |
|
Interval length (m) |
|
P2O5 (%) |
|
Observation |
PIT-TT-01 |
|
0.00 |
|
4.00 |
|
4.00 |
|
10.43 |
|
Phosphorite - Open in depth |
including |
|
0.00 |
|
2.00 |
|
2.00 |
|
14.92 |
|
From surface |
PIT-TT-04 |
|
0.00 |
|
6.00 |
|
6.00 |
|
15.08 |
|
Phosphorite - Open in depth |
including |
|
0.00 |
|
4.00 |
|
4.00 |
|
20.05 |
|
From surface |
The Bomfim Project has now ten (10) targets identified to host
both high and lower grade phosphate mineralization. The Initial
Resource Estimate based on drilling over limited areas within three
(3) of these ten (10) targets combine to a measured and indicated
resource estimate of .462Mt @ 11.88% P2O5 and an additional 18.2Mt
@ 6.32% P2O5 of inferred resources (using a 3% P2O5 cut-off grade).
The Company will include the Tataco target in the upcoming drill
campaign planned to commence shortly at Bomfim.
"All the Company's data obtained to date supports our
interpretation that the MbAC Fertilizer "Canabrava" deposit and our
Santiago and Tataco Targets are connected geologically. With this
new discovery the potential in and around Santiago has increased
dramatically. The superior grades and location of these two targets
along the same strike are very encouraging as they support our
assertion that we are in possession of a very important part of the
phosphate belt. It is for this reason that we are now very keen to
investigate the area further by way of drilling." Commented Paulo
Amorim, DuSolo's VP of Exploration.
The Company implements industry recognized QAQC methods at the
project. Intertek Laboratories (Intertek) of Sao Paulo Brazil, was
used for analytical work reported in this news release. Intertek is
part of an international group of certified (ISO 9001:2008)
laboratories recognized in industry for geochemical and
agricultural testing. Determination of P2O5 was done by Intertek
method XR55L which prepared the sample with a lithium tetraborate
fusion followed by XRF analysis. Intertek is independent of the
Company.
Mauricio Prado, Bomfim Project Manager, is a Qualified Person
within the definition of National Instrument 43-101 ("NI 43-101").
Mr. Prado is satisfied that the processes used by Intertek
Laboratories are standard industry operating procedures and
methodologies, and he has reviewed, approved and verified the
technical information disclosed in this news release (other than
the mineral resource estimates) including sampling, analytical and
test data underlying the technical information.
The Qualified Person who prepared the mineral resource estimates
presented in this news release is Mr. Porfírio Cabaleiro Rodriguez
(MAIG), who is a mining engineer, independent of Dusolo and an
employee of Coffey Consultoria e Serviços Ltda., a branch of Coffey
International in Brazil ("Coffey"). Mr.Rodriguez is responsible for
the mineral resource estimates in this news release.
FURTHER DEVELOPMENTS
The Company wishes to inform that it has increased and re-closed
the final tranche (previously announced closed April 1, 2014) of
its oversubscribed non-brokered private placement in the amount of
394,736 shares or $75,000 CND at a price of nineteen (19) cents per
share for a total of 16,184,201 shares or $3,075,000 CND. There are
no warrants attached to this offering.
ABOUT THE COMPANY
DuSolo Fertilizers Inc. is focused on developing a fully
integrated process to produce phosphate based fertilizers within
the Cerrado region of Brazil as part of a nationwide effort,
incentivized by the government to increase supply of domestically
sourced fertilizers and achieve agricultural self sufficiency.
The Company's shares are publicly traded on the TSX Venture
Exchange under the symbol DSF, on the OTC Pink Sheets under the
symbol ELGSF and on Frankfurt Stock Exchange under the symbol
E6R.
On behalf of the Board of Directors
DuSolo Fertilizers Inc.
Eran Friedlander, President
Neither the TSX Venture Exchange Inc. nor its Regulation Service
Provider (as that term is defined in the policies of the TSX
Venture Exchange Inc.) accepts responsibility for the adequacy or
accuracy of this press release.
DuSolo Fertilizers Inc.Patrick BrandrethSenior Manager,
Corporate
Development1-604-282-7157patrick@DuSolo.comwww.DuSolo.com
DuSolo Fertilizers Inc. (TSXV:DSF)
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