Millennial Potash Intersects Additional Robust Potash Mineralization in BA-004 at Its Banio Potash Project in Gabon
Millennial Potash (OTCQB: MLPNF) has announced significant drilling results from its Banio Potash Project in Gabon. Drillhole BA-004, completed to a depth of 667m, intersected over 100m of potash mineralization in the form of interbedded carnallite and halite.
The Phase 2 drill program has extended the combined strike length of known potash mineralization to approximately 8,000m. This could potentially add to the project's current resources of 657M tonnes grading 15.9% KCl (Indicated) and 1.159B tonnes grading 16% KCl (Inferred). The company plans to use these results for an updated Mineral Resource Estimate and upcoming Feasibility Study.
Millennial Potash (OTCQB: MLPNF) ha annunciato risultati significativi dalle perforazioni nel suo Progetto Banio Potash in Gabon. Il sondaggio BA-004, completato a una profondità di 667m, ha intercettato oltre 100m di mineralizzazione di potassio sotto forma di carnallite e alite intercalate.
Il programma di perforazione della Fase 2 ha esteso la lunghezza complessiva della mineralizzazione di potassio nota a circa 8.000m. Questo potrebbe potenzialmente incrementare le risorse attuali del progetto, pari a 657 milioni di tonnellate con un tenore del 15,9% di KCl (Indicate) e 1,159 miliardi di tonnellate con un tenore del 16% di KCl (Inferred). La società intende utilizzare questi risultati per una stima aggiornata delle risorse minerarie e per il prossimo studio di fattibilità.
Millennial Potash (OTCQB: MLPNF) ha anunciado resultados significativos de perforación en su Proyecto Banio Potash en Gabón. El pozo BA-004, completado a una profundidad de 667m, intersectó más de 100m de mineralización de potasa en forma de carnallita y halita intercaladas.
El programa de perforación de la Fase 2 ha extendido la longitud combinada de la mineralización de potasa conocida a aproximadamente 8,000m. Esto podría añadir potencialmente a los recursos actuales del proyecto de 657 millones de toneladas con un grado de 15.9% KCl (Indicadas) y 1,159 mil millones de toneladas con un grado de 16% KCl (Inferidas). La compañía planea usar estos resultados para una estimación actualizada de recursos minerales y un próximo estudio de factibilidad.
Millennial Potash (OTCQB: MLPNF)가 가봉의 Banio Potash 프로젝트에서 중요한 시추 결과를 발표했습니다. 깊이 667m까지 완료된 BA-004 시추공은 교호하는 카르날라이트와 할라이트 형태로 100m 이상의 포타슘 광화대를 관통했습니다.
2단계 시추 프로그램은 알려진 포타슘 광화대의 총 연장 길이를 약 8,000m로 확장했습니다. 이는 현재 프로젝트 자원인 15.9% KCl 등급의 6억 5,700만 톤(지정 자원)과 16% KCl 등급의 11억 5,900만 톤(추정 자원)에 잠재적으로 추가될 수 있습니다. 회사는 이 결과를 업데이트된 광물 자원 추정치와 다가오는 타당성 조사에 활용할 계획입니다.
Millennial Potash (OTCQB : MLPNF) a annoncé des résultats de forage significatifs pour son projet Banio Potash au Gabon. Le forage BA-004, réalisé jusqu'à une profondeur de 667m, a intercepté plus de 100m de minéralisation de potasse sous forme de carnallite et halite en couches alternées.
Le programme de forage de phase 2 a étendu la longueur totale connue de la minéralisation de potasse à environ 8 000m. Cela pourrait potentiellement augmenter les ressources actuelles du projet, qui s'élèvent à 657 millions de tonnes avec un taux de 15,9% de KCl (indiquées) et 1,159 milliard de tonnes avec un taux de 16% de KCl (inférées). La société prévoit d'utiliser ces résultats pour une estimation actualisée des ressources minérales et pour la prochaine étude de faisabilité.
Millennial Potash (OTCQB: MLPNF) hat bedeutende Bohrergebnisse von seinem Banio Potash Projekt in Gabun bekanntgegeben. Das Bohrloch BA-004, abgeschlossen in einer Tiefe von 667m, durchteufte über 100m Kalisalzmineralisierung in Form von geschichteter Carnallit- und Halitlagerstätte.
Das Bohrprogramm der Phase 2 hat die kombinierte Streichlänge der bekannten Kalisalzmineralisierung auf etwa 8.000m erweitert. Dies könnte die aktuellen Ressourcen des Projekts von 657 Mio. Tonnen mit 15,9% KCl (angezeigt) und 1,159 Mrd. Tonnen mit 16% KCl (abgeleitet) potenziell erhöhen. Das Unternehmen plant, diese Ergebnisse für eine aktualisierte Mineralressourcenschätzung und eine bevorstehende Machbarkeitsstudie zu verwenden.
- Significant intersection of over 100m of potash mineralization in BA-004
- Extension of known potash mineralization strike length to 8,000m
- Potential upgrade of resources from Indicated to Measured status
- Results support advancement towards Feasibility Study
- None.
Vancouver, British Columbia--(Newsfile Corp. - June 26, 2025) - Millennial Potash Corp. (TSXV: MLP) (OTCQB: MLPNF) (FSE: X0D) ("MLP", "Millennial" or the "Company") is pleased to announce that it has completed drillhole BA-004 at the North Target on its Banio Potash Project in Gabon. As part of Millennial's Phase 2 drill program, BA-004 was completed to a depth of 667m and intersected the evaporite-bearing Salt Sequence from approximately 260m to the bottom of the hole at 667m. Within the Salt Sequence, BA-004 intersected greater than 100m of potash in seams characterized by interbedded carnallite and halite.
Farhad Abasov, Millennial's Chair, commented: "Millennial is delighted to announce that drilling on the project has once again intersected a significant section of interbedded carnallitite and halite in the new drillhole BA-004. Numerous thick potash seams, in carnallitite form, were intersected in BA-004 with a combined total of +100m of interbedded carnallitite and halite. The potash mineralisation found in the recently completed drillholes, BA-001-EXT and BA-004, exceeded our expectations and clearly demonstrates the potential of our project. We are looking forward to completion of the logging and sampling of the potash horizons and the analytical results. The prominent potash mineralization intersected in BA-001-EXT and in BA-004 has the potential to significantly boost the project's potash resources. Upon the interpretation and compilation of drillhole results, an updated Mineral Resource Estimate is expected to be completed which would form the basis of a Feasibility Study expected to begin in the coming months."
Drillhole BA-004 is collared approximately 3.7km east of recently completed drillhole BA-001-EXT and was designed to test the eastward extension of potash mineralization encountered in drillholes BA-001, 001-EXT, 002, 002-EXT and 003. Preliminary logging of BA-004 indicates geologically it is similar to holes BA-001-EXT, 002, 002-EXT and 003 with approximately 7 evaporite cycles (Cycles II to VIII) with potash mineralization intersected in each cycle. Review of the drill core from BA-004 shows prominent horizontal bedding planes dominated by interbedded halite and carnallite (see Photos 1 and 2 below). An estimate of the cumulative thickness of the main carnallite seams from the preliminary logging potentially totals greater than 100m. Detailed core logging and final interpretation of evaporite cycle and seam identification, as well as downhole geophysical logging are ongoing. In addition, core preparation and sampling will be completed over the next several weeks and samples submitted to the Saskatchewan Research Council for analyses.
Photo 1 Red Carnallite-rich core from BA_004 showing interbedded banded and nodular Carnallite with banded Halite at approx. 458m to 461m depth
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4674/256838_8ce7643d3485a82b_001full.jpg
Photo 2 Red Carnallite-rich core from BA-004- with interbedded Carnallite and bedded Halite at approx. 556m to 559m depth
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4674/256838_8ce7643d3485a82b_002full.jpg
The objectives of the Phase 2 program were to evaluate the presence of potash-rich horizons at depth and laterally to provide additional data for an updated Mineral Resource Estimate. Identification of additional potash horizons outlined in the Phase 2 drilling have extended the combined strike length of known potash mineralization to approximately 8,000m and could potentially add significant tonnage to the project's resources which currently contains an Indicated MRE of 657M tonnes grading
The Company is granting a total of 2,995,000 incentive stock options exercisable for a period of five (5) years at an exercise price of
The information in this news release has been reviewed and approved by Peter J. MacLean, Ph.D., P. Geo, Director of the Company, who is a Qualified Person as that term is defined in National Instrument 43-101.
To find out more about Millennial Potash Corp., please contact Investor Relations at (604) 662 8184 or email at info@millennialpotash.com.
Keep up-to-date on Millennial Potash developments and join our online communities on: Twitter, Facebook, LinkedIn, Instagram and YouTube.
MILLENNIAL POTASH CORP.
"Farhad Abasov"
Chair of the Board of Directors
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This document may contain certain "Forward-Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words "anticipate", "believe", "estimate", "expect", "target, "plan" or "planned", "forecast", "intend", "may", "schedule" and similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to future prices of commodities, accuracy of mineral or resource exploration activity, reserves or resources, regulatory or government requirements or approvals including approvals of title and mining rights or licenses and environmental (including land or water use), local community or indigenous community approvals, the reliability of third party information, continued access to mineral properties or infrastructure, changes in laws, rules and regulations in Gabon or any other jurisdiction which may impact upon the Company or its properties or the commercial exploitation of those properties, currency risks including the exchange rate of USD$ for Cdn$ or CFA or other currencies, fluctuations in the market for potash or potash related products, changes in exploration costs and government royalties, export policies or taxes in Gabon or any other jurisdiction and other factors or information. The Company's current plans, expectations and intentions with respect to development of its business and of the Banio Potash Project may be impacted by economic uncertainties arising out of any pandemic or by the impact of current financial and other market conditions on its ability to secure further financing or funding of the Banio Potash Project. Such statements represent the Company's current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political, environmental and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules and regulations.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/256838
FAQ
What were the key findings from Millennial Potash's (MLPNF) BA-004 drillhole results?
What is the current resource estimate for Millennial Potash's Banio Project?
How far is drillhole BA-004 located from BA-001-EXT?
What are the next steps for Millennial Potash's Banio Project?
How many evaporite cycles were identified in BA-004?
