Canadian Phosphate (ASX:CP8) has intersected visual phosphate mineralisation in the first eight drill holes of its 3,000m drilling program at the Wapiti Phosphate Project in British Columbia, Canada.
The 1,051m completed to date has extended the known Phosphate Main Zone by more than 3km south along strike from the nearest historical drill hole. Canadian Phosphate reports all eight holes intersected the Whistler Member target.
Portable X-ray fluorescence readings and downhole natural gamma surveys also support the geological interpretations, recording elevated responses within the logged Main Zone.
Managing Director Daniel Gleeson says the project continues to demonstrate the characteristics of a “large-scale sedimentary phosphate opportunity”.
“These early results reinforce our belief that Wapiti has the potential to become a strategically important source of phosphate in North America,” Gleeson says.
Canadian Phosphate aims to complete drilling in September 2026, with initial assay results expected in the September quarter.
The company is also planning to progress the preparation of an updated mineral resource estimate for Wapiti in Q4 2026 and continue metallurgical studies supporting both fertiliser and purified phosphoric acid development pathways.
Canadian Phosphate is a developer and explorer focused on supplying sedimentary rock phosphate into Canada.
Write to Paula Fabe at Mining.com.au
Images: Mining.com.au
