Sirius optimistic about York Potash Project

Sirius Minerals, the AIM-listed Potash exploration and mining group, remains upbeat about its York Potash Project after the latest drilling results showed high-grade materials.

"The latest results from our drilling programme continue to build confidence in the extent and quality of the world class polyhalite resource at York Potash.Following detailed analysis of both drilling and the recently acquired seismic data, the company is now working to upgrade the size and category of the resource estimate," said Managing Director and Chief Executive Chris Fraser.

SM7 achieved the thickest intersection of high-grade polyhalite in the project to date - an estimated 85m intersection of 88% polyhalite. Interpretation of true-thickness is still awaiting completion.

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Meanwhile, the group said that SM4, SM4A and SM6 drilling results have proved continuity of high-grade polyhalite (of over 80%).