PhosCo Identifies Phosphate Mineralization at DOH Prospect Within Tunisia Project; Shares Up 3%
MT Newswires Live
Jun 03
PhosCo (ASX:PHO) said it identified phosphate mineralization at the DOH prospect within its Gasaat project in Tunisia, according to a Wednesday Australian bourse filing.
The results were up to 12.5 meters at over 20% phosphorus pentoxide from 93.3 meters, including 2.4 meters at over 23% phosphorus pentoxide from 95.3 meters and 3 meters at about 25% phosphorus pentoxide from 99.7 meters.
The company said the phosphate horizon was intersected at an average thickness of 13 meters, extending over a strike length of 1.3 kilometers and a width of more than 600 meters, with the latest drilling also returning results from the KM deposit and the GS prospect.
The company's shares rose almost 3% in recent Wednesday trade.
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