Red Moon Assays High Grade Salt in Drill Core
13 Décembre 2013 - 4:43PM
Marketwired
Red Moon Assays High Grade Salt in Drill Core
ST. JOHN'S, NEWFOUNDLAND AND LABRADOR--(Marketwired - Dec 13,
2013) - Red Moon Potash Inc. ("the Company" - "Red Moon")
(TSX-VENTURE:RMK), is pleased to report significant widths of high
grade salt from its 2013 drill program in the Bay St. George Basin
of western Newfoundland. Drill Hole CC #2 is approximately 1000
metres northeast of the potash/salt discovery hole CC #1
(previously reported). CC #3 is 500 metres southwest of CC #1. A
drill hole location map is available on the company's website
(www.redmoonpotash.com).
A first pass sampling program was carried out on both core holes
to gauge the tenor of Sodium Chloride -NaCl (halite - salt) grade
over the various zones identifiable by visual interpretation. The
samples are considered representative of the wider zones in which
they are contained. The following results include all the samples
assayed.
Hole: CC #2 |
Depth |
Length |
Halite |
Geochemical Analysis |
XRD Analysis |
From - To (m) |
(m) |
Zone |
NaCl (%) |
Insoluble (%) |
Halite (%) |
Anhydrite (%) |
307.0 |
- |
307.3 |
0.30 |
UPPER |
96.3 |
0.4 |
|
|
310.0 |
- |
310.3 |
0.30 |
97.6 |
0.4 |
|
|
312.0 |
- |
312.3 |
0.30 |
97.9 |
0.9 |
98.7 |
1.3 |
315.0 |
- |
315.3 |
0.30 |
87.9 |
7.5 |
|
|
342.0 |
- |
342.3 |
0.30 |
MIDDLE |
95.6 |
0.4 |
|
|
345.0 |
- |
345.3 |
0.30 |
93.8 |
0.4 |
|
|
350.0 |
- |
350.3 |
0.30 |
100.0 |
0.1 |
|
|
353.0 |
- |
353.3 |
0.30 |
95.4 |
0.1 |
|
|
355.0 |
- |
355.3 |
0.30 |
97.8 |
0.2 |
|
|
368.0 |
- |
368.3 |
0.30 |
93.5 |
2.7 |
|
|
369.0 |
- |
369.3 |
0.30 |
96.9 |
0.1 |
99.2 |
0.8 |
408.0 |
- |
408.3 |
0.30 |
LOWER |
91.2 |
2.8 |
|
|
409.0 |
- |
409.3 |
0.30 |
87.2 |
6.5 |
|
|
411.0 |
- |
411.3 |
0.30 |
90.2 |
4.1 |
|
|
414.0 |
- |
414.3 |
0.30 |
90.3 |
4.0 |
|
|
417.0 |
- |
417.3 |
0.30 |
86.2 |
10.2 |
|
|
420.0 |
- |
420.3 |
0.30 |
94.0 |
0.7 |
|
|
|
|
|
|
|
|
|
Hole: CC #3 |
Depth |
Length |
Halite |
Geochemical Analysis |
XRD Analysis |
From - To (m) |
(m) |
Zone |
NaCl (%) |
Insoluble (%) |
Halite (%) |
Anhydrite (%) |
228.0 |
- |
228.3 |
0.30 |
UPPER |
89.3 |
4.4 |
|
|
232.0 |
- |
232.3 |
0.30 |
89.8 |
5.3 |
|
|
235.0 |
- |
235.3 |
0.30 |
86.9 |
5.8 |
93.9 |
6.1 |
237.0 |
- |
237.3 |
0.30 |
87.5 |
6.0 |
|
|
240.0 |
- |
240.3 |
0.30 |
85.1 |
4.6 |
|
|
245.0 |
- |
245.3 |
0.30 |
93.3 |
1.9 |
96.6 |
3.4 |
248.0 |
- |
248.3 |
0.30 |
97.1 |
3.6 |
|
|
262.0 |
- |
262.3 |
0.30 |
MIDDLE |
91.3 |
7.4 |
|
|
263.0 |
- |
263.3 |
0.30 |
86.2 |
12.5 |
|
|
266.0 |
- |
266.3 |
0.30 |
100.0 |
1.1 |
|
|
The analysis was carried out by Activation Laboratory Services
Ltd. of Ancaster, Ontario. Assays greater than 94% NaCl are
generally considered to meet specifications for use as road
de-icing salt; the major use for salt in northeastern North
America.
Based on the geochemical analysis, CC #2 contains two high grade
intervals, one each in the upper and middle halite zones. The
samples assayed were selected as representative of these zones. The
upper zone is 15 metres of continuous massive halite. The middle
zone is 40 metres of massive halite (net) exclusive of the potash
beds (previously reported). The lower zone is 74 metres of massive
halite with increasing inclusions of anhydrite (insolubles) near
its base. Further sampling over this lower zone will be required to
gain better control on its grade variation. Depending on mining
methods, a minable width for salt can range from 5 to 15
metres.
Based on the geochemical analysis, CC #3 encountered high grade
salt over narrower intervals compared to CC #2. Geological data
suggests that CC #3 represents a more marginal depositional setting
than CC #2 resulting in less salt deposition in the lower zone and
probable dissolution of the top part of the upper halite zone. The
net effect being a gross halite interval of 68 metres in CC # 3
compared to 150 metres in CC #2.
Four samples were submitted for XRD (X-ray Diffraction) analysis
to compare the results of the geochemical analysis. Given the
consistently higher results derived from the XRD method, further
comparative analysis will be required to resolve the apparent
discrepancies between the two methods.
CC #2 is 1000 metres northeast of the discovery hole CC #1.
Given the high grade salt results (32 metres exceeding 96% NaCl) in
CC #1 and the positive indications from seismic data in the area,
the Captain Cook location is showing the potential to contain a
significant salt resource. As a result, the Company has initiated a
detailed, in-house evaluation of the salt data to assess whether or
not a National Instrument 43-101 compliant salt resource report is
viable at this time. The Captain Cook area has access to important
infrastructure including two nearby deep water ports, an airport,
the Trans- Canada highway, high voltage power grid and an extensive
woods road network. Red Moon will pursue parallel paths toward
evaluating both the salt and potash potential of the region.
Subject to financing, the Company is planning a drill program in
2014 to test targets for both salt and potash east of the existing
holes. For interested parties, information regarding the Salt
industry is available at www.saltinstitute.org
All core samples were acquired, sampled, packaged, labelled and
transported by or under the direct supervision of company
personnel. Patrick J. Laracy, P. Geo, President, and Corwin
Northcott, P. Geo, Exploration Manager, are qualified persons
responsible for the contents of this news release as defined in
National Instrument 43-101
Red Moon is a junior exploration company focused on potash/salt
exploration in Western Newfoundland. Vulcan Minerals Inc.
(TSX-VENTURE:VUL) owns approximately 60% of the common shares of
Red Moon and owns a 3% royalty on the project lands.
The TSX Venture Exchange has not reviewed and does not
accept responsibility for the adequacy or accuracy of this release.
This release may contain certain forward-looking statements. Actual
events or results may differ from the Company's expectations.
Certain risk factors beyond the Company's control may affect the
actual results achieved. Accordingly, readers are advised not to
place undue reliance on forward-looking information. Except by law,
the Company undertakes no obligation to publicly update or revise
forward-looking information.
Shares Issued: 38,000,004
Red Moon Potash Inc.Patrick J. LaracyPresident(709)
754-3186info@redmoonpotash.com
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