CMSC owns exploration tenements spanning over 400km2 within the Danakil Depression in South East Eritrea.
Since 2010, 97 holes have been drilled identifying a resource containing more than one billion tonnes of potassium bearing salts suitable for the production of potash fertilisers.
South Boulder Mines Ltd is currently working on the Feasibility Study to support the development of the project.
South Boulder Mines Ltd (ASX:STB) is pleased to report that exploration drilling and independent feasibility study activities continue to define a world class potash project in Eritrea.
South Boulder Mines Limited (ASX:STB) is very pleased to report that drilling has resumed at the Colluli Potash Project with further immediate success.
South Boulder Mines Limited (ASX:STB) is pleased to report that further significant preliminary potash assays have been returned from drilling conducted both within the current JORC/43-101 compliant Mineral Resource Estimate area and from outside of the current resource boundary. The results continue to confirm visual field estimates of grade and mineralisation and provide encouragement that an economic open pit mine can be developed. Extensive shallow mineralisation has already been defined and reported as detailed in the ASX releases dated 19th January and 28th March 2011.
South Boulder Mines Limited (ASX:STB) is very pleased to report that the new potash discovery located approximately 10kms northwest along strike of the current 43-101/JORC compliant Colluli Potash Resource continues to deliver shallow potash in all diamond holes drilled to date. The mineralisation has been intersected over approximately 5km2 and is open in all directions. With further drilling, the area of mineralisation is expected to grow significantly.
South Boulder Mines Limited (ASX:STB) is very pleased to report that together with JV partner Independence Group NL (ASX:IGO) further highly significant Ni-Cu-PGE assays have been returned from the Rosie Prospect including a very high grade Palladium interval.
Australian Market Report of December 6, 2010 includes: South Boulder Mines Limited (ASX:STB) reports further assay results at the Rosie Ni-Cu-PGE Prospect in Western Australia; Berkeley Resources Limited (ASX:BKY) announced final results from the reverse circulation drilling program at Salamanca Uranium Project in Spain; Raisama Limited (ASX:RAI) announces high grade uranium intersections in the Kyrgyz Republic; Bassari Resources Limited (ASX:BSR) announces further diamond drilling results from West Africa.
Australian Market Report of November 22, 2010 includes: Globe Metals and Mining Limited (ASX:GBE) confirmed significant Heavy Rare Earth discovery in Malawi; Empire Resources Limited (ASX:ERL) discovered nickel-copper-platinoid outcrops in Western Australia; South Boulder Mines Ltd (ASX:STB) has intersected further highly encouraging massive Ni-Cu-PGE sulphides in Western Australia; Energia Minerals Limited (ASX:EMX) has successfully completed aircore drilling within the Nyang and Onslow Uranium Projects in Western Australia.
