UPDATE FROM START OF THE CORP PPT
TECHNICAL INFORMATION GILES TO PROVIDE NEW QP INFO
John Harrop PGeo, FGS, of Coast Mountain Geological Ltd, a qualified person and independent of the Company under NI 43-101, reviewed and approved the technical disclosures within this website on behalf of the Company.
BOMFIM INITIAL RESOURCE ESTIMATE GILES TO PROVIDE NEW QP INFO
The resource estimate is signed off by Mr. Porfirio Cabaleiro Rodriguez an Associate Consultant of Coffey Consultoria e Serviços Ltda., and was prepared in compliance with the standards of disclosure as set out in NI43-101. Mr. Rodriguez is an “independent qualified person” for the purposes of NI43?101 Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators and has verified the data disclosed in this website. He is an experienced mining engineer with more than 30 years in the business ranging from resources and reserves estimation to mine planning, mine design and economic evaluation of mining projects. The resource estimate is being incorporated into an updated Form 43-101F1 Technical Report, scheduled for filing on SEDAR within 45 days of this release.
The estimates were conducted using ordinary kriging interpolation after data validation, statistical analysis and a variography study. One metre composite samples were used in conjunction with the resource estimation. An average specific gravity (SG) of 1.79 was used for the resource estimate. The average SG value is based on limited SG testing (13 samples) of representative ore types collected insitu. The water displacement method (Archimedes Principle) was used to perform the density measurements. The diamond and reverse circulation drilling procedures are to high quality with > 85% recovery. A total of 143 standard samples (duplicates, high and low-grade standards) were inserted in the sample sequences of the reverse circulation drill holes.
DRILLING GILES TO PROVIDE NEW QP INFO
The Company implements industry recognized QAQC methods at the project. The Qualified Person has reviewed the QAQC results and inspected procedures during a previous site visit but has not otherwise verified the data in this news release. Intertek Laboratories (Intertek) of Sao Paulo Brazil, was used for analytical work reported in this news release. Intertek is part of an international group of certified (ISO 9001:2008) laboratories recognized in the industry for geochemical and agricultural testing. Determination of P2O5 was done by Intertek method XR55L which prepared the sample with a lithium tetraborate fusion followed by XRF analysis. Intertek is independent of the Company.
BOMFIM DRILL RESULTS GILES TO PROVIDE NEW QP INFO
All drill holes are vertical. Drilling widths are believed to represent true width of the mineralized zone. Width variation between holes occurs as a result of the shape of the dolomite footwall on which the mineralized zone rests. Drill hole names indicate the position of a hole within a grid by their line number and station number on the line. Lines 4 through 12 are at 50m spacing. Stations along the line are at 50m spacing, except where drill hole names such as RC-L11-1/2 indicate that a hole is located between stations 1 and 2. Chips from reverse circulation drilling are collected in bags for each 1-meter interval. Chips are logged at the drill site and a representative split is taken on site for submission to the analytical laboratory.
THERMAL PHOSPHATE TESTING
The tests will be performed by IPT (Instituto de Pesquisas Tecnológicas) at the Universidade de São Paulo and be supervised by professor Efraim Cekinski who is an expert in the field of Thermophosphate research. A 50kg sample has been taken from high-grade ore found in trenches at the Bomfim Hill PZE South and it is estimated that a total of twenty tests will be conducted over a three month period to determine the economics of producing Thermal Phosphate from the high-grade phosphate at Bomfim.