Emmerson Plc – Completion of Seismic Survey at Khemisset Potash Project
Tuesday, July 10th, 2018
Emmerson Plc, the Moroccan focused potash development company, is pleased to announce it has completed the fieldwork component of a 60-line kilometre seismic survey over 10 lines on the Company’s 100% owned Khemisset Potash Project in Northern Morocco (“Khemisset” or “the Project”).
- Fieldwork component of seismic data completed within six weeks of re-admission to LSE covering the key areas of the Khemisset ore body and margins of the potash bearing basin
- Processing and interpretation of results expected to be received by the Company in Q3 2018
- Objective of seismic work is to delineate the basin and provide detailed information on geological structures and faulting
- Provides valuable information for the Scoping Study which is targeted for Q1 2019 and upcoming drilling programme
Hayden Locke, CEO of Emmerson, commented:
“The recently completed seismic survey is the first major project related milestone since the completion of the transaction to acquire the Khemisset Project last month. The information from the survey will enhance our understanding of the basin, our geological model and will also form a key component of future mine design and planning.
“Golder Associates has already been appointed to deliver a Scoping Study by the end of Q1 2019, in which we hope to prove the potential for a low capital cost potash mine development at Khemisset thanks to the shallow nature of the deposit coupled with the excellent location and infrastructure.
“We anticipate being in a position to appoint a drill contractor in the coming weeks with a view to upgrading portions of the 311.4Mt JORC Resource to at least the Indicated category, but also further exploring the significant potential of the broader potash bearing basin, which extends over a strike of more than 60km. The data we have acquired from the seismic survey is highly valuable in planning this drilling campaign.
“We look forward to releasing the results of the interpretation of the seismic survey during this quarter, as well as further Scoping Study related news flow as the studies progress.”http://www.emmersonplc.com