Next Door to Thailand’s First Potash Mine: Vatic Ventures Starts Seismic Survey at the Saksrithai Potash Project
ZURICH, SWITZERLAND / ACCESSWIRE / March 16, 2017 / Today, Vatic Ventures Corp. (TSX.V: VCV.H; market capitalization: $3 million CAD) announced to have started a phase-1 exploration program on its Saksrithai Potash Project (80% interest). The property is located in northeastern Thailand and adjacent to Thai Kali Co. Ltd.’s Dan Khun Thot Potash Mine, currently under construction after having received mining permits from the government to become Thailand’s first potash mining operation.
Initial production level at the Dan Khun Thot Mine is projected at 500,000 t KCl per year. Initial mineable reserve estimated at 103 million t at an average potash grade of 21.5% KCl (13% K2O assuming a cut-off grade of 16% KCl). Both sylvinite (up to 5 m thick) and carnallite (up to 60 m thick) are present in drill holes from the Dan Khun Thot Deposit, the maximum potash grade encountered was 32.5% KCl (21.5 K2O). In other words, a world-class potash deposit, as grades are high and tonnage is large.
Vatic’s phase-1 program involves a 2D seismic survey (40-line km) on its Saksrithai Property (32 km2), designed to demonstrate the continuity of the underlying geological structure and provide information regarding the depth to, and thickness of, the potash-bearing layer. The seismic contractor, Geocon Co. Ltd., has mobilised its crew and equipment to the property and has already completed a 1 km test line to demonstrate the depth to the target horizons and to determine to optimum geophone spacing for the survey.
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SOURCE: Rockstone Research
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