South Harz Potash (ASX:SHP) - Former Managing Director, Dr Chris Gilchrist
Former Managing Director, Dr Chris Gilchrist
Source: South Harz Potash
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  • South Harz Potash (SHP) has completed its twin hole confirmation drill program at its South Harz potash project in central Germany
  • The drilling was completed at the Ohmgebirge licence area and aimed to verify historic results
  • The company identified a potash intersection from one hole, which has comparable starting depth and thickness to a twinned historical drill hole
  • Recovered core has been logged, photographed, cut and sampled, with 84 samples sent for assay
  • Shares in South Harz Potash were trading 7.69 per cent higher today at 14 cents each as of 11:36 am AEST

South Harz Potash (SHP) has completed its twin hole confirmation drill program at its South Harz potash project in central Germany.

The drilling was completed at the Ohmgebirge licence area and aimed to verify historic results.

The company identified a potash intersection from one hole, which has comparable starting depth and thickness to a twinned historical drill hole.

The hole was drilled below 800 metres, with the sylvite-rich potash horizon intercept being visually identified between 775.1 metres to 778.8 metres.

Recovered core has been logged, photographed, cut and sampled, with 84 samples sent for assay to the nearby laboratory of K-Utec Salt Technologies.

The results from the confirmatory drill holes will help the company update its Inferred Mineral Resource estimate to the Indicated category at Ohmgebirge.

Managing Director Dr Chris Gilchrist said the results instill confidence in other historical results in the licence area

“This marks a major milestone for South Harz, with completion of the second confirmatory drillhole, OHM01, and its initial positive outcomes, further substantiating our confidence in the accuracy of the 41 historical drillholes in the Ohmgebirge licence area, and indeed the 300 historical drillholes which we acquired as part of our broader suite of South Harz Project mining licences,” Mr Gilchrist said.

“We now eagerly look forward to the assay results from OHM-01, finalisation of a Mineral Resource estimate update and completion and release of the milestone Ohmgebirge Scoping Study.”

Shares in South Harz Potash were trading 7.69 per cent higher today at 14 cents each as of 11:36 am AEST.

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