Buffalo Potash Corporation (TSXV: BUFF) (the “Company” or “Buffalo”) is pleased to announce the successful completion of the Company’s 7-10-20-23 W2M confirmation drillhole (the “7-10 Hole”), with a total depth of 1,563 meters. The 7-10 Hole specifically targeted the potash beds of the Prairie Evaporite Formation and obtained 108 meters of core, with recovery exceeding 98%. The cores are now securely stored with the Saskatchewan Research Council Geoanalytical Laboratory in Saskatoon, in anticipation of core logging, sampling, and assaying being completed, at which point the Company will release results.
Mr. Steve Halabura P.Geo., Buffalo Chief Executive Officer, commented: “The first confirmation hole delivered both operational execution and geological validation, which has de-risked our broader multi-well development plans. Visual observation and borehole geophysical logs indicating mineralization across all target members reinforces our confidence in advancing the development of the Disley Showcase, with the data from the 7-10 Hole serving as a keystone element for an integrated geological and geophysical deposit model now being prepared internally.”
Mr. Halabura added: “With assays to follow and additional 3D seismic soon commencing, we are entering an accelerated phase of technical advancement. Each dataset strengthens our understanding of the deposit and positions Disley as a compelling modular solution mining development opportunity in the heart of world’s most established solution mining potash district.”
7-10 Hole Highlights
- The Disley 7-10 Hole continuously cored the basal Dawson Bay, Patience Lake, Belle Plaine, and Esterhazy Members (the “Members”) of the Prairie Evaporite Formation, as well as the underlying Prairie salt. A full suite of borehole geophysical logs, including dipole sonic, were run in the open portion of the hole to a total depth of 1,563 meters and was then successfully abandoned, according to plan.
- A continuous core of 108 meters was cut in a single coring run with core recovery exceeding 98% of total core
- Potash mineralization is present in each of the Patience Lake, Belle Plaine and Esterhazy potash beds as confirmed by visual observation and examination of borehole geophysical logs.
- Intersections of significant sylvinite were noted in the Upper Patience Lake, Belle Plaine, and Esterhazy Members, with grades and thicknesses to be reported once the assaying program has been completed.
The Disley Project
The Disley Project is approximately 50km northwest of Regina and covers some 9,413 hectares. The property is situated immediately adjacent to the east of the K+S Bethune solution potash mine and northeast of the Mosaic Belle Plaine solution potash mine – two of the largest producing conventional solution potash mines globally. In the opinion of management, the Disley Project is in one of the most favorable areas of Saskatchewan for solution mining (see Figure 1) as evidenced by the success of these neighboring projects. However, there is no guarantee that the Disley Project will yield comparable results to any of these mines until the Disley Project is further advanced.
Continue at Buffalo Potash Corp.
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