Anglo report identifies 460 million mt of potash

Calgary-Anglo Minerals Ltd. reports that it has received a second technical report prepared in respect of its potash resources, which estimates potash reserves of 480 million mt. The new report presents inferred potash mineral resources for the Upper Belle Plaine Sub-member for Saskatchewan Subsurface Mineral Permits 285, 286, and 290. The earlier report identified inferred and indicated potash resources for the Patience Lake Member of the Prairie Evaporite encompassed by Saskatchewan Subsurface Mineral Permit KP-286 only. The earlier report indicated potash reserves of 300 million mt (GM Archives). Resources included in the second report are held by Anglo as to 25 percent and by BHP Billiton Diamonds Inc. as to 75 percent, with BHP Billiton being the operator of the project. Anglo says the report estimates the site has some 460 million gross mt of sylvnite, with average thickness of 2.80 meters grading a weighted average 24.11 percent K2O (over 110,000,000 mt of K2O) 2.68 percent insolubles, and less than one percent carnallite. This amount is net of a 25 percent deduction for unidentified mining-level anomalies and the application of a 40 percent extraction ratio. “We are very pleased with the results that we are achieving from our ongoing efforts to define the size and quality of Anglo’s potash resource,” said Todd Montgomery, Anglo president. “The results continue to meet or exceed our expectations.”