Millennial Potash Intersects Over 250 Metres Of Potash-Rich Seams At Banio Project In Gabon Proactive

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Millennial Potash intersects over 250 metres of Potash-Rich seams at Banio Project in Gabon

17h ago 5:15

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Millennial Potash Chairman Farhad Abasov joined Steve Darling from Proactive to announce a major milestone at its flagship Banio Potash Project in Gabon, where the company has successfully completed the extension of drillhole BA-001-EXT at the North Target. Drillhole BA-001 was originally drilled in 2017 but was prematurely halted at a depth of approximately 364 meters within a zone of soft sediment deformation—rich in the potassium-bearing mineral carnallitite. As part of the company’s Phase 2 drill program, Millennial recently resumed drilling at this location, extending the hole to a total depth of approximately 678 meters. The results from the extension have exceeded expectations. From 364m to 657m, the hole intersected approximately 290 meters of interbedded carnallitite and halite, containing numerous thick seams of potash mineralization. According to Abasov, “We are highly encouraged by the robust thickness and continuity of the carnallitite and halite layers intersected in BA-001-EXT. The total of more than 250 meters of interbedded mineralization is a strong indicator of the potential scale and grade of the resource at Banio.” This successful extension of BA-001, combined with the upcoming drilling of a new hole—BA-004—represents a critical step forward in expanding the project's known potash horizons. BA-004, which will be drilled approximately 3.7 kilometers east of BA-001, is designed to test the lateral extent of the potash-bearing sequence in an area that has not yet been drilled. Seismic survey data indicates strong potential for continuity of the evaporite sequence across this untested area. The company plans to complete an updated Mineral Resource Estimate (MRE) following the conclusion of the current drilling program. This updated MRE will serve as the foundation for a Feasibility Study, which is expected to commence in the coming months. The new data could significantly enhance the project’s economic profile, supporting Millennial Potash’s vision of becoming a key supplier in the global fertilizer market. With encouraging results already in hand and further drilling about to begin, Millennial Potash is poised to accelerate its momentum at Banio and unlock additional value for shareholders in a market driven by increasing global demand for potash-based fertilizers. #proactiveinvestors #millennialpotahscorp #tsxv #mlp #otcqb #mlpnf #potash #PotashMining #DrillingUpdate #FarhadAbasov #MiningEconomics #SolutionMining #ResourceUpdate #ProactiveInvestors #Commodities #MiningNews

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