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(Alliance News) - Morocco-focused potash development company Emmerson PLC said Monday it has completed a infill drilling programme at its wholly-owned Khemisset Potash Project.
The programme was focused on confirming and expanding the mineral resources at the project, and included the drilling of nine holes, the obtaining of geological information and collecting sufficient sample material to complete a metallurgical test work programme.
The programme was completed under the allocated budget and on schedule. Final geochemical assays are expected in the coming weeks, which will allow an updated geological model and mineral resource estimate to be completed before the end of October.
"The completion of our drilling programme on time and under budget, and with excellent core recovery, is a major milestone for Emmerson and a credit to our fantastic geological team," said Chief Executive Officer Hayden Locke.
"The detailed information from the drill programme will enable the continued rapid advancement of the Khemisset Project with ever increasing confidence in our technical and economic outcomes, culminating in the release of our feasibility study in the first half of 2020," Locke added.
Shares in Emmerson were up 2.9% at 3.60 pence on Monday.
