DuSolo Fertilizers (TSX:V.DSF
, Stock Forum
), a Vancouver-based firm engaged in the acquisition, exploration and development of North and South American mineral properties, announced lab results today from the recent pit opening campaign on its newly-found target, Tataco at the Bomfim project.
According to the news release
, the Tataco target is located northwest of the company’s Santiago target and based on detail mapping extends 4 kilometres along strike.
Five test pits have been opened to date with each showing the best high-grade of >10% P205. Highlights from said test pits included, 4 metres at 10.43% P205 including 2 metres at 14.92% P205, remaining open at depth, at PIT-TT-01 and 6 metres at 15.08% P205 including 4 metres at 20.05% P205, also remaining open at depth, at PIT-TT-04.
Company VP of Exploration, Paulo Amorim, commented on the results, “All the Company's data obtained to date supports our interpretation that the MbAC Fertilizer "Canabrava" deposit and our Santiago and Tataco Targets are connected geologically. With this new discovery the potential in and around Santiago has increased dramatically.”
He then concluded, “The superior grades and location of these two targets along the same strike are very encouraging as they support our assertion that we are in possession of a very important part of the phosphate belt. It is for this reason that we are now very keen to investigate the area further by way of drilling.”
DuSolo was in the news recently when the company hired a new project manager at Bomfim at the beginning of April
Shares rose 10.42% on the news to $0.265 per share.
Currently there are 104.5m outstanding shares with a market cap of $27.7 million.