VANCOUVER, BRITISH COLUMBIA / ACCESSWIRE / March 11, 2014 / DuSolo Fertilizers Inc., (TSX-V: DSF) (PINK SHEETS: ELGSF.PK) (Frankfurt: E6R.F) ("DuSolo" or "the Company") is pleased to announce the filing of a Technical Report on the Bomfim Property, effective date 21 December 2013). The Technical Report, titled "Bomfim Agro-Mineral Phosphate Project, Technical Report and Initial Resource Estimate, Tocantins and Goiás States, Brazil," supports the Initial Resource Estimate for the Bomfim Property previously announced in a news release dated January 22nd 2014.
This Initial Resource Estimate combining three areas within targets contains an inferred resource of 18.2 million tonnes @ 6.32% P2O5 in addition to 462.6 thousand tonnes @ 11.88% P2O5 of measured and indicated at one target (using a 3% cut off grade). This includes an inferred resource of 4.1 million tonnes @ 14.42% P2O5 in addition to 316.5 thousand tonnes @ 15.09% P2O5 measured and indicated (using a 8% cut off grade).
There are no material differences between the results announced in that news release dated January 22nd, 2014 and those contained in the final Technical Report. The complete NI 43-101 Technical Report is available at http://www.sedar.com/.
The resource estimate portion of the Technical Report is authored by Mr. Porfirio Cabaleiro Rodriguez, an Associate Consultant, and Mr. Fábio Valério Câmara Xavier of Coffey Consultoria e Serviços Ltda., and was prepared in compliance with the standards of CIM and NI 43-101. Mr. Rodriguez and Mr. Xavier are independent qualified persons as defined in NI 43-101. Mr. John Harrop PGeo, FGS, of Coast Mountain Geological Ltd, a qualified person and independent of the Company under NI 43-101 was lead author for the preparation of the Technical Report and has reviewed and approved the technical disclosures of this press release.
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
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Senior Manager, Corporate Development
Email: [email protected]