Fertoz Ltd. Wapiti Bulk Sample Progress Report
26.06.2014 | ABN Newswire
Brisbane, June 26, 2014 (ABN Newswire) - Fertoz Ltd (ASX:FTZ) ("Fertoz" or the "Company") is pleased to announce that it has set up camp at its Wapiti East Phosphate Project in British Columbia, Canada in preparation for bulk sample collection.Chilko Construction has commenced road improvements from the camp to access the "North" bulk sample location. This involves the installation of culverts across a number of small creeks, which is expected to take up to two weeks. The work is being monitored by AMEC Environmental. It will be followed by the construction of an access road of approximately 2 kilometres to the "North" bulk sample location which is expected to take approximately three weeks.
Phosphate bulk sample collection of up to 17,500 tonnes is expected to start as soon as this work is completed around the end of July.
Nova Pacific Environmental has been engaged to collect baseline biological data and to prepare an Environmental report for the small mine application of up to 75,000 tonnes per annum.
Managing Director Les Szonyi said, "Bulk phosphate sample collection at Wapiti is progressing and we remain on track to begin extraction of the bulk sample at the end of July and commence phosphate sales in 2014. Nova Pacific Environmental has also started collecting environmental data for the small mine application of up to 75,000 tonnes per annum."
About Wapiti
The Wapiti Project (which includes the Wapiti East and Wapiti West tenements) totals an area of 18,070 ha and is located near Tumbler Ridge, in British Columbia, Canada. The project is easily accessible by sealed roads and forest service roads and has rail access within 80 km. The Company is focused on the Wapiti East tenements and previous work indicates a consistent and continuous at-surface phosphate-bearing horizon which has a potential strike length of up to 39km. Results of phosphate testing indicates up to 10% availability which makes the product at Wapiti East particularly attractive to the North American organic sector, the largest organic market in the world.
To view all figures and the release, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-FTZ-803570.pdf
About Fertoz Limited
Fertoz Limited (ASX:FTZ) (ASX:FTZ) is an Australian-based phosphate exploration and development company with a range of projects in British Columbia, Canada as well as Queensland and the Northern Territory.
The Company is focused on becoming a fertiliser producer as quickly as possible, initially focusing on the Canadian/USA markets.
Fertoz plans to develop its exploration assets in Canada in order to identify any potential Direct Shipping Ore (DSO) projects. It intends to seek joint venture partners to assist in funding the exploration projects in Australia.
Phosphate is a commodity necessary for feeding the world, and Fertoz is ready to capitalise on this growing demand.
Contact
Fertoz Limited
Les Szonyi, Managing Director
Fertoz Ltd
Tel: +61-418-158-185
Nathan Ryan
Investor Relations
NWR Communications
Tel: +61-420-582-887