Red Moon Assays High Grade Salt in Drill Core
December 13 2013 - 9:43AM
Marketwired Canada
Red Moon Potash Inc. ("the Company" - "Red Moon") (TSX VENTURE:RMK), is pleased
to report significant widths of high grade salt from its 2013 drill program in
the Bay St. George Basin of western Newfoundland. Drill Hole CC #2 is
approximately 1000 metres northeast of the potash/salt discovery hole CC #1
(previously reported). CC #3 is 500 metres southwest of CC #1. A drill hole
location map is available on the company's website (www.redmoonpotash.com).
A first pass sampling program was carried out on both core holes to gauge the
tenor of Sodium Chloride -NaCl (halite - salt) grade over the various zones
identifiable by visual interpretation. The samples are considered representative
of the wider zones in which they are contained. The following results include
all the samples assayed.
Hole: CC #2
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Depth Length Halite Geochemical Analysis XRD Analysis
------------- --------------------------------------------------
From - To (m) (m) Zone NaCl (%) Insoluble (%) Halite (%) Anhydrite (%)
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307.0 - 307.3 0.30 UPPER 96.3 0.4
------------------- --------------------------------------------------
310.0 - 310.3 0.30 97.6 0.4
------------------- --------------------------------------------------
312.0 - 312.3 0.30 97.9 0.9 98.7 1.3
------------------- --------------------------------------------------
315.0 - 315.3 0.30 87.9 7.5
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342.0 - 342.3 0.30 MIDDLE 95.6 0.4
------------------- --------------------------------------------------
345.0 - 345.3 0.30 93.8 0.4
------------------- --------------------------------------------------
350.0 - 350.3 0.30 100.0 0.1
------------------- --------------------------------------------------
353.0 - 353.3 0.30 95.4 0.1
------------------- --------------------------------------------------
355.0 - 355.3 0.30 97.8 0.2
------------------- --------------------------------------------------
368.0 - 368.3 0.30 93.5 2.7
------------------- --------------------------------------------------
369.0 - 369.3 0.30 96.9 0.1 99.2 0.8
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408.0 - 408.3 0.30 LOWER 91.2 2.8
------------------- --------------------------------------------------
409.0 - 409.3 0.30 87.2 6.5
------------------- --------------------------------------------------
411.0 - 411.3 0.30 90.2 4.1
------------------- --------------------------------------------------
414.0 - 414.3 0.30 90.3 4.0
------------------- --------------------------------------------------
417.0 - 417.3 0.30 86.2 10.2
------------------- --------------------------------------------------
420.0 - 420.3 0.30 94.0 0.7
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Hole: CC #3
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Depth Length Halite Geochemical Analysis XRD Analysis
------------- --------------------------------------------------
From - To (m) (m) Zone NaCl (%) Insoluble (%) Halite (%) Anhydrite (%)
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228.0 - 228.3 0.30 UPPER 89.3 4.4
------------------- --------------------------------------------------
232.0 - 232.3 0.30 89.8 5.3
------------------- --------------------------------------------------
235.0 - 235.3 0.30 86.9 5.8 93.9 6.1
------------------- --------------------------------------------------
237.0 - 237.3 0.30 87.5 6.0
------------------- --------------------------------------------------
240.0 - 240.3 0.30 85.1 4.6
------------------- --------------------------------------------------
245.0 - 245.3 0.30 93.3 1.9 96.6 3.4
------------------- --------------------------------------------------
248.0 - 248.3 0.30 97.1 3.6
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262.0 - 262.3 0.30 MIDDLE 91.3 7.4
------------------- --------------------------------------------------
263.0 - 263.3 0.30 86.2 12.5
------------------- --------------------------------------------------
266.0 - 266.3 0.30 100.0 1.1
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The analysis was carried out by Activation Laboratory Services Ltd. of Ancaster,
Ontario. Assays greater than 94% NaCl are generally considered to meet
specifications for use as road de-icing salt; the major use for salt in
northeastern North America.
Based on the geochemical analysis, CC #2 contains two high grade intervals, one
each in the upper and middle halite zones. The samples assayed were selected as
representative of these zones. The upper zone is 15 metres of continuous massive
halite. The middle zone is 40 metres of massive halite (net) exclusive of the
potash beds (previously reported). The lower zone is 74 metres of massive halite
with increasing inclusions of anhydrite (insolubles) near its base. Further
sampling over this lower zone will be required to gain better control on its
grade variation. Depending on mining methods, a minable width for salt can range
from 5 to 15 metres.
Based on the geochemical analysis, CC #3 encountered high grade salt over
narrower intervals compared to CC #2. Geological data suggests that CC #3
represents a more marginal depositional setting than CC #2 resulting in less
salt deposition in the lower zone and probable dissolution of the top part of
the upper halite zone. The net effect being a gross halite interval of 68 metres
in CC # 3 compared to 150 metres in CC #2.
Four samples were submitted for XRD (X-ray Diffraction) analysis to compare the
results of the geochemical analysis. Given the consistently higher results
derived from the XRD method, further comparative analysis will be required to
resolve the apparent discrepancies between the two methods.
CC #2 is 1000 metres northeast of the discovery hole CC #1. Given the high grade
salt results (32 metres exceeding 96% NaCl) in CC #1 and the positive
indications from seismic data in the area, the Captain Cook location is showing
the potential to contain a significant salt resource. As a result, the Company
has initiated a detailed, in-house evaluation of the salt data to assess whether
or not a National Instrument 43-101 compliant salt resource report is viable at
this time. The Captain Cook area has access to important infrastructure
including two nearby deep water ports, an airport, the Trans- Canada highway,
high voltage power grid and an extensive woods road network. Red Moon will
pursue parallel paths toward evaluating both the salt and potash potential of
the region. Subject to financing, the Company is planning a drill program in
2014 to test targets for both salt and potash east of the existing holes. For
interested parties, information regarding the Salt industry is available at
www.saltinstitute.org
All core samples were acquired, sampled, packaged, labelled and transported by
or under the direct supervision of company personnel. Patrick J. Laracy, P. Geo,
President, and Corwin Northcott, P. Geo, Exploration Manager, are qualified
persons responsible for the contents of this news release as defined in National
Instrument 43-101
Red Moon is a junior exploration company focused on potash/salt exploration in
Western Newfoundland. Vulcan Minerals Inc. (TSX VENTURE:VUL) owns approximately
60% of the common shares of Red Moon and owns a 3% royalty on the project lands.
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.
Shares Issued: 38,000,004
FOR FURTHER INFORMATION PLEASE CONTACT:
Red Moon Potash Inc.
Patrick J. Laracy
President
(709) 754-3186
info@redmoonpotash.com
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