Millennial Potash Corp. (TSX.V: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 BA004, 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 BA004 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.
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