St. John’s, Newfoundland and Labrador: Red Moon Potash Inc. (“the Company” – “Red Moon” TSX-V: RMK), announces that it has received sample analysis from its recently conducted field mapping and sampling program on the Red Bay Nepheline deposit in southern Labrador. The purpose of the program was to map the deposit, delineate its boundaries and assess the compositional variation within the deposit. Mapping demonstrates that the deposit occurs over a continuous length exceeding 2 kilometres and a width averaging approximately 200 metres. Based on exposure of the deposit over a range of elevations, it is inferred to have a depth projection exceeding 200 metres, subject to drill verification.
Twenty-seven samples were collected by company geologists, packaged and sent to Actlabs, Ancaster Ontario for whole rock geochemical analysis. Of these samples, 22 consist of nepheline syenite and 5 consist of the surrounding country rock. The area with most outcrop and therefore highest sampling density occurs in the East Zone with 13 samples. The East Zone is exposed for approximately 800 meters by 200 meters. The Central Zone has the least amount of outcrop with only 2 samples recovered. The West Zone was sampled at 7 locations. The distribution of the samples was determined solely by the availability of the outcrop and does not reflect any attempt to oversample any one zone of the deposit. As a result the sampling is preliminary and is not conclusive about the ultimate geochemical variation within the deposit. Only further systematic sampling by trenching or drilling will be able to determine that. At this stage of the evaluation the most relevant components of raw (unprocessed) nepheline syenite are silica (SiO2) alumina (Al2O3), soda (Na2O), potash (K2O) and iron (Fe2O3). The results for each Zone are set out in Table 1.
Table 1. Sampling results of the Red Bay Nepheline Deposit.
|Sample||Zone||SiO2 (%)||Al2O3(%)||Fe2O3(%)||CaO (%)||Na2O (%)||K2O (%)|
Based on these results, the East Zone compares favourably to the typical raw composition at the Blue Mountain mine in Ontario (from published sources) as follows, SiO2-59.18%, Al2O3– 23.06%, Na2O-10.48%, K2O-3.94% and Fe2O3-2.15%.
Commenting on the results, President Patrick Laracy said “We are very encouraged by these initial sampling results. Clearly the alumina and alkali numbers warrant further evaluation of this deposit to gain more sampling density in the central and west zones and to better map out the high grade East zone. Our preliminary mapping of the East zone indicates it covers a significant surface area. Drilling will be required to sample it at depth. In addition we plan to carry out further analysis and beneficiation studies of the samples obtained from our 2016 field program to determine if the raw rock can be concentrated to meet industrial specifications.”
The property is situated along the southern Labrador highway 10 kilometers from Red Bay and 6 kilometres from tide water at Black Bay. The Blanc Sablon, QC airport is a 90-minute drive from the property (visit www.redmoonpotash.com for further information).
The 2016 work program is eligible for financial assistance from the Junior Exploration Assistance Program of the Government of Newfoundland and Labrador. Patrick J. Laracy, P. Geo, President and Patrick Collins P.Geo. are qualified persons responsible for the contents of this news release as defined in National Instrument 43-101.
Nepheline is an industrial mineral and a source of aluminum (Al2O3), sodium (Na2O) and potassium (K2O) used primarily in the manufacture of glass, ceramics, extenders and fillers. Commercial nepheline deposits are rare with only one mine in production in North America at Blue Mountain in Ontario which produces about 600,000 tonnes per year.
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Red Moon is an exploration company advancing the Captain Cook salt deposit towards development in Western Newfoundland. Vulcan Minerals Inc. (TSX.V: VUL) owns approximately 67% of the common shares of Red Moon.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This release may contain certain forward-looking statements. Actual events or results may differ from the Company’s expectations. Certain risk factors beyond the Company’s control may affect the actual results achieved. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except by law, the Company undertakes no obligation to publicly update or revise forward-looking information.
For information please contact:
Patrick J. Laracy, President