Welcome!

News Feed Item

DuSolo's Pit Opening Program at Bomfim Intersects 4 Meters of 20% P2O5 in a New High-grade Target "Tataco"

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 05/14/14 -- DuSolo Fertilizers Inc., (TSX VENTURE: DSF)(PINKSHEETS: ELGSF)(FRANKFURT: E6R) ("DuSolo" or "the Company") is very pleased to announce excellent lab results from a recent pit opening campaign on a newly discovered target-"Tataco" at the Bomfim Project, Tocantins. PIT-TT-01 intersected from surface, 4.00 meters at 10.43% P2O5 including 2 meters at 14.92% P2O5 and remains open at depth. PIT-TT-04 intersected from surface, 6.00 meters at 15.08% P2O5 including 4.00 meters at 20.05% P2O5 which also remains open at depth.

The Tataco Target is located to the north-west of DuSolo's Santiago Target and based on detailed mapping (1:10,000 scale) extends 4km along strike. The distance between the high-grade mineralization (phosphorite) discovered in PIT-TT-01 at the northwest portion of the target and the high grade mineralization discovered in PIT-TT-04 at the southeast portion of the target is 2.5km.

A total of five test pits were opened to date with the best high-grade (greater than 10% P2O5) results shown below:


----------------------------------------------------------------------------
                               Interval
Pit ID     From (m)  To (m)  length (m)  P2O5 (%)                Observation
----------------------------------------------------------------------------
                                                       Phosphorite - Open in
PIT-TT-01      0.00    4.00        4.00     10.43                      depth
including      0.00    2.00        2.00     14.92               From surface
----------------------------------------------------------------------------
                                                       Phosphorite - Open in
PIT-TT-04      0.00    6.00        6.00     15.08                      depth
including      0.00    4.00        4.00     20.05               From surface
----------------------------------------------------------------------------

The Bomfim Project has now ten (10) targets identified to host both high and lower grade phosphate mineralization. The Initial Resource Estimate based on drilling over limited areas within three (3) of these ten (10) targets combine to a measured and indicated resource estimate of .462Mt @ 11.88% P2O5 and an additional 18.2Mt @ 6.32% P2O5 of inferred resources (using a 3% P2O5 cut-off grade). The Company will include the Tataco target in the upcoming drill campaign planned to commence shortly at Bomfim.

"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. 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." Commented Paulo Amorim, DuSolo's VP of Exploration.

The Company implements industry recognized QAQC methods at the project. Intertek Laboratories (Intertek) of Sao Paulo Brazil, was used for analytical work reported in this news release. Intertek is part of an international group of certified (ISO 9001:2008) laboratories recognized in industry for geochemical and agricultural testing. Determination of P2O5 was done by Intertek method XR55L which prepared the sample with a lithium tetraborate fusion followed by XRF analysis. Intertek is independent of the Company.

Mauricio Prado, Bomfim Project Manager, is a Qualified Person within the definition of National Instrument 43-101 ("NI 43-101"). Mr. Prado is satisfied that the processes used by Intertek Laboratories are standard industry operating procedures and methodologies, and he has reviewed, approved and verified the technical information disclosed in this news release (other than the mineral resource estimates) including sampling, analytical and test data underlying the technical information.

The Qualified Person who prepared the mineral resource estimates presented in this news release is Mr. Porfirio Cabaleiro Rodriguez (MAIG), who is a mining engineer, independent of Dusolo and an employee of Coffey Consultoria e Servicos Ltda., a branch of Coffey International in Brazil ("Coffey"). Mr.Rodriguez is responsible for the mineral resource estimates in this news release.

FURTHER DEVELOPMENTS

The Company wishes to inform that it has increased and re-closed the final tranche (previously announced closed April 1, 2014) of its oversubscribed non-brokered private placement in the amount of 394,736 shares or $75,000 CND at a price of nineteen (19) cents per share for a total of 16,184,201 shares or $3,075,000 CND. There are no warrants attached to this offering.

ABOUT THE COMPANY

DuSolo Fertilizers Inc. is focused on developing a fully integrated process to produce phosphate based fertilizers within the Cerrado region of Brazil as part of a nationwide effort, incentivized by the government to increase supply of domestically sourced fertilizers and achieve agricultural self sufficiency.

The Company's shares are publicly traded on the TSX Venture Exchange under the symbol DSF, on the OTC Pink Sheets under the symbol ELGSF and on Frankfurt Stock Exchange under the symbol E6R.

On behalf of the Board of Directors

DuSolo Fertilizers Inc.

Eran Friedlander, President

Neither the TSX Venture Exchange Inc. nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this press release.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
Cloud adoption is often driven by a desire to increase efficiency, boost agility and save money. All too often, however, the reality involves unpredictable cost spikes and lack of oversight due to resource limitations. In his session at 20th Cloud Expo, Joe Kinsella, CTO and Founder of CloudHealth Technologies, tackled the question: “How do you build a fully optimized cloud?” He will examine: Why TCO is critical to achieving cloud success – and why attendees should be thinking holistically ab...
SYS-CON Events announced today that Elastifile will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Elastifile Cloud File System (ECFS) is software-defined data infrastructure designed for seamless and efficient management of dynamic workloads across heterogeneous environments. Elastifile provides the architecture needed to optimize your hybrid cloud environment, by facilitating efficient...
SYS-CON Events announced today that Grape Up will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct. 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Grape Up is a software company specializing in cloud native application development and professional services related to Cloud Foundry PaaS. With five expert teams that operate in various sectors of the market across the U.S. and Europe, Grape Up works with a variety of customers from emergi...
As DevOps methodologies expand their reach across the enterprise, organizations face the daunting challenge of adapting related cloud strategies to ensure optimal alignment, from managing complexity to ensuring proper governance. How can culture, automation, legacy apps and even budget be reexamined to enable this ongoing shift within the modern software factory?
SYS-CON Events announced today that Grape Up will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct. 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Grape Up is a software company specializing in cloud native application development and professional services related to Cloud Foundry PaaS. With five expert teams that operate in various sectors of the market across the U.S. and Europe, Grape Up works with a variety of customers from emergi...
@DevOpsSummit at Cloud Expo taking place Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center, Santa Clara, CA, is co-located with the 21st International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is ...
SYS-CON Events announced today that Golden Gate University will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Since 1901, non-profit Golden Gate University (GGU) has been helping adults achieve their professional goals by providing high quality, practice-based undergraduate and graduate educational programs in law, taxation, business and related professions. Many of its courses are taug...
DevOps at Cloud Expo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 21st Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to w...
When shopping for a new data processing platform for IoT solutions, many development teams want to be able to test-drive options before making a choice. Yet when evaluating an IoT solution, it’s simply not feasible to do so at scale with physical devices. Building a sensor simulator is the next best choice; however, generating a realistic simulation at very high TPS with ease of configurability is a formidable challenge. When dealing with multiple application or transport protocols, you would be...
Given the popularity of the containers, further investment in the telco/cable industry is needed to transition existing VM-based solutions to containerized cloud native deployments. The networking architecture of the solution isolates the network traffic into different network planes (e.g., management, control, and media). This naturally makes support for multiple interfaces in container orchestration engines an indispensable requirement.
With Cloud Foundry you can easily deploy and use apps utilizing websocket technology, but not everybody realizes that scaling them out is not that trivial. In his session at 21st Cloud Expo, Roman Swoszowski, CTO and VP, Cloud Foundry Services, at Grape Up, will show you an example of how to deal with this issue. He will demonstrate a cloud-native Spring Boot app running in Cloud Foundry and communicating with clients over websocket protocol that can be easily scaled horizontally and coordinate...
yperConvergence came to market with the objective of being simple, flexible and to help drive down operating expenses. It reduced the footprint by bundling the compute/storage/network into one box. This brought a new set of challenges as the HyperConverged vendors are very focused on their own proprietary building blocks. If you want to scale in a certain way, let’s say you identified a need for more storage and want to add a device that is not sold by the HyperConverged vendor, forget about it....
21st International Cloud Expo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Me...
DevOps at Cloud Expo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 21st Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to w...
Vulnerability management is vital for large companies that need to secure containers across thousands of hosts, but many struggle to understand how exposed they are when they discover a new high security vulnerability. In his session at 21st Cloud Expo, John Morello, CTO of Twistlock, will address this pressing concern by introducing the concept of the “Vulnerability Risk Tree API,” which brings all the data together in a simple REST endpoint, allowing companies to easily grasp the severity of t...