Marifil Mines K-2 Potash Project Fact Sheet


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October 2011

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Marifil Mines K-2 Potash Project Fact Sheet

  1. 1. TSXV: MFM K-2 Potash Project Available for Joint VentureOctober 2011 K-2 Property InformationMarifil Mines owns 100% of three contiguous potash properties in west-central Argentina. Theproperties include ten Exploration Concessions with a total area of 97,385 hectares. Claim Size Pampa Encima 10,000 1. The Pampa del Salado property is the smallest of the three properties and consists of one claim or 2,242 hectares situated in the southern part of the basin 90 km south of the city Ramblon Grande 10,000 of Chos Malal. Rio Agrio 10,000 2. The Pichi Neuquen Property consists of three claims or 23,800 hectares situated approx- Cerro Mina 7,385 imately 50 km south of Chos Malal. Cerro Malal 10,000 3. The Buta Ranquil Property is the largest property and consists of 10 claims or 87,581 Estancia La Patria 10,000 hectares situated approximately 15 km northwest of Buta Ranquil. Arroyo Covunco 10,000 Arroyo Santo Domingo 10,000 Total: 77,385 haAccessibility: The project areas are accessible throughout the year primarily because of the lowto moderate elevations and proximity to National Highway 40.Water: Important ground water resources may be present in the alluvial-filled valleys. Pichi Neuquen and Buta Ranquil have a permanent watersupply from local springs and rivers.Exploration History: The first documented occurrence of potash mineralization in the Neuquen Basin resulted from oil exploration drilling in1975. Preliminary exploration efforts were conducted in 1984 by Minera TEA, Texas Gulf and Duval in the eastern portion of the basin. MineraTEA completed a feasibility study in 1998 on the Rio Colorado Potassium Project.Regional Geology: The Neuquén Basin is a Mesozoic oil-bearing basin filled with more than 6,000 m of marine and continental sedimentaryrocks (epiclastics, carbonates, evaporates and volcaniclastics) of Late Triassic to Eocene age. The potassium rich horizons are located within theHuitrin Formation, an evaporitic package which includes carbonate sulfates and sodium and potassium chlorides. The Huitrin Formation is wide-ly recognized within the Neuquen Basin to extend over 400 km in a north-south direction and 100 km in an east-west direction.
  2. 2. K-2 PROJECT SUMMARY CONTINUEDMineralization: The nearest known potash deposit, ElPorton contains two high grade silvinite horizons; the upperhorizon is 5 m thick and the lower horizon is 10 m thick.These potash horizons continue to the east for 40 km wherethe Potasio Rio Colorado Mine is located. To the west thesepotash horizons terminate against a tectonically upliftedblock. Further west, beyond the uplifted block, the stratigra-phy continues un-interrupted as in the eastern part; there-fore, it is highly probable to find potash mineralization of sim-ilar size and grade as found in the El Porton deposit.Exploration: Exploration work performed to date on theMarifil properties consists of a detailed study of surface geol-ogy, stratigraphy and structure. Seismic geophysical studieshave been conducted over the project areas by petroleumcompanies and much of this data has been obtained as pub-lic information.Geophysics: Petroleum companies have conducted seis-mic surveys over most of the Neuquen Basin. This informa-tion becomes available to the public after five years and canbe purchased from the government. Marifil Mines is in theprocess of acquiring all the available data including seismicdata, drill hole logs and gamma ray logs. INTERPRETATION & EXPLORATIONThe knowledge of geology, stratigraphy and structure of theNeuquen Basin was used to generate this conceptual explo-ration model. Information gained from a known potash occur-rence in one part of the basin was extrapolated to anotherpart of the basin where Marifil has located three prospectiveexploration concessions. Favorable stratigraphy and struc-tures identified on the Marifil properties indicate that potashrich horizons would be preserved at depth in this part of theNeuguen Basin. Marifil geologists have a strong under-standing of the basin stratigraphy and will utilize that knowl-edge in conducting an efficient drilling program. Marifil Mines has no competitor in this part of the basin and no potential conflict with oil com-panies is expected.Exploration: The recommended program will begin by reviewing satellite imagery and aerial photographs followed by surface reconnais-sance and geologic mapping. The second phase of the program will focus on acquiring and processing seismic data to define subsurfacegeologic features in order to prepare the best drilling program.Finally, a phase one drilling program comprising a minimum of 2,500 m of drilling on each property. If the phase one results are positive,follow-up grid drilling will be proposed to delineate the resources.Contact InfoHugh Oswald, IR John Hite, PresidentT: 604.684.4743 ext. 243 T: 702.562.4880E: E: