MBAC Fertilizer has released positive drilling results from at the Santana exploration project in southern Pará State, Brazil.
The drilling results produce an average grade of 20% P2O5 from mineralized gaps averaging 11 meters in width within the sub-outcropping alteration zone. The first seven drill holes spread over 2 km anomaly area were intersected for mineralization. The high-grade phosphate results are concurrent with MBAC's expectations.
The Santana Project is located close to the widespread farm land in the northern Mato Grosso State, one of the foremost grain producing areas in Brazil and inside Para State the leading beef producer in the country.
MBAC began drilling at Santana in December 2010 and has completed seven diamond drill HQ holes spaced around 400 meters apart and sampled within a meter gap.
The three holes are drilled to depths of 150 to 165 meters to study the character and constituent of the rock under the saprolite ore identified near the surface. The other four holes were drilled at depth of about 50 meters to examine the lateral distribution of the phosphate rich alteration zone.
The results indicate a range of phosphate grading from 3.25% to 37% over mineralized intervals up to 27 meters. It also intersects 20% P2O5 over average intervals of11 meters.
The deposit is a recently discovered carbonatite intruded in volcanic rocks of the upper Proterozoic Iriri formation. The first results indicate that total Rare Earth Elements (REE) content averages 1800 ppm in the alteration zone. No significant concentrations of other elements were found in carbonatites than phosphate.