🕐08.07.11 - 02:54 Uhr

TRANSIT HOLDINGS [ASX: TRH] - INCREASE IN GRADE AND TONNAGE IN POTASH EXPLORATION TARGET, USA





Fortbridge Media Release

Transit Holdings [ASX: TRH] - Increase in grade and tonnage in potash exploration target, USA

Transit Holdings Ltd (ASX: TRH) announces that the total JORC Exploration Target estimate for the Paradox Basin Potash Project, Utah (TRH: 90%), has increased by over 1.0 billion tonnes and the average projected grades of the individual beds have increased by about 5% KCl in grade.

In total, the Exploration Target for the Companys flagship US potash asset has been upgraded from 2.5 to 3.8 billion tonnes of sylvinite ore at an average grade of 19% to 29% KCl to 3.4 to 5.2 billion tonnes of sylvinite ore at an average grade of 23% to 34% KCl.

The upgrade has been confirmed with Transits specialist consultants, Agapito Associates, Inc. The increased quantity and grade over the April 2009 estimate is principally attributed to:

1) Improving the land position by adding another area richer in sylvinite while eliminating an area which was not as attractive,
2) The addition of data from Whiting Petroleum�s Threemile 43-18H hole and several historical holes which confirm bed continuity extending several miles south and southeast of the property,
3) Other adjustments from the re-examination of the historical gamma logs in the Husky Fed 6-15 gas well which locally reduced KCl grade, and
4) A tightening of the resource estimate cutoff from 32% KCl-m to 16% KCl composite bed grade and 2.0 m bed thickness which reduced the overall tonnage.

Please find details in the attached announcement.

For more information, please contact:

Ben Binninger
Chief Executive Officer
Transit Holdings Ltd
Tel: +61 8 9482 0515
Fax: +61 8 9482 0505

Media & Investor Enquiries:
Fortbridge Consulting
Tel: +61 2 9331 0623
Peter- John Lewis
Mob: +61 416 290 604
Email:




Products & Services | Jobs