Joint venture partners PhosCan Chemical (FOS-V) and Baltic Resources (BLR-V) have published a new resource estimate for the Martison phosphate deposit in north-central Ontario, the first estimate on the deposit to comply with present-day securities regulations.
consultant James Spalding estimated a measured and indicated resource of 62 million tonnes grading 23.55% P2O5 and 0.34% Nb2O5. Another 56 million tonnes, at 21.87% P2O5 and 0.34% Nb2O5, is inferred.
The partners are advancing a pre-feasibility study on production of phosphoric acid with by-product niobium and gypsum from the project, which is 70 km northeast of Hearst, Ont. Process tests are underway at Jacobs Engineering and a pit design is in progress. Mining contractors have provided quotes for contract-mining a pit and consulting firm Golder Associates is doing a baseline environmental study.
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