Vatic Ventures Corp. TSX-V: VCV has provided an update on its upcoming drilling program at its Saksrithai potash project. The contractor is Aztec Engineering Co. Ltd., an experienced and reputable drilling contractor which has extensive experience drilling for potash in Thailand. Drill preparation and mobilization to the first drill site are continuing, and drilling is planned to commence by May 1, 2018.
The drilling program will comprise up to 10 holes and will commence with an initial three holes, which should take approximately one month from the start of drilling, depending upon penetration rates. Based on information regarding the adjacent Dan Khun Thot project, Vatic expects to encounter the potash zone at depths of up to about 300 metres, and the initial holes will be drilled to a planned depth of 350 m.
To facilitate its continuing exploration program, the company’s main geological contractor, Phudoi Geoscience Co. Ltd., will hire additional geologists and field assistants to supervise the program of drilling and sampling.
About Saksrithai Development Co. Ltd.
Saksrithai Development is a private Thai company which holds two contiguous special prospecting licences for potash exploration, issued in 2015.
The licences encompass an area of 32 square kilometres in the Nakhon Ratchasima province of northeast Thailand and are adjacent to Thai Kali Co.’s Dan Khun Thot potash mine, which is currently under construction. ASEAN Potash Chaiyaphum PLC’s Bamnet Narong mine, also under construction, is located about 40 km from the Saksrithai project.
The company holds an 80-per-cent shareholding in Saksrithai and Dr. Gerry Wright acts as Saksrithai’s managing director.