African Potash acquires Lac Dinga seismic data in Congo

20 March 2014 (Last Updated March 20th, 2014 18:30)

African Potash has acquired exploration seismic data at its Lac Dinga project in the Republic of Congo, which will allow the company to delineate areas for drilling and support the advancement of its on-ground exploration activities.

African Potash has acquired exploration seismic data at its Lac Dinga project in the Republic of Congo, which will allow the company to delineate areas for drilling and support the advancement of its on-ground exploration activities.

The company acquired about 415 line kilometres of 2D oil industry seismic data that covers approximately 470km² of the licence area.

The acquisition also includes borehole data and information relating to two oil exploration boreholes, which have confirmed the development and presence of variable amounts of potash mineralisation in the form of sylvinite and carnallitite in areas outside of the project.

"We are now in a position to take a positive step forward with a new on-ground exploration programme."

African Potash said the target generation exercise, which will be conducted by CSA Global, includes a regional structural framework study based on the newly acquired seismic and borehole data.

African Potash CEO Edward Marlow said the acquisition and interpretation of the data will provide a platform for the next stage of exploration that has the potential to prove the prospective nature of the asset.

"The Congo Basin is underlain by an extensive evaporate sequence, which is the repository for potentially vast potash mineralisation as indicated by historical, basin-wide exploration drilling," Marlow said.

"To date, the company's exploration efforts have been confined to generating the foundations for targeting, but we are now in a position to take a positive step forward with a new on-ground exploration programme, designed to confirm the prospectivity expectations."

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