CRP chatham rock phosphate limited

Ann: GENERAL: CRP: Dorado to sample for Chatham R

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    • Release Date: 01/02/12 14:12
    • Summary: GENERAL: CRP: Dorado to sample for Chatham Rock Phosphate on the Rise
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    CRP
    01/02/2012 12:11
    GENERAL
    
    REL: 1211 HRS Chatham Rock Phosphate Limited
    
    GENERAL: CRP: Dorado to sample for Chatham Rock Phosphate on the Rise
    
    1 February 2012
    
    Dorado to sample rock phosphate on Chatham Rise
    
    The research vessel Dorado Discovery will reach the Chatham Rise today to
    test bulk sampling equipment that Chatham Rock Phosphate plans to use later
    this year.
    
    Dorado Discovery's owners, Nasdaq listed Odyssey Marine, has purchased a
    clamshell bucket to add to the array of scientific equipment and machinery on
    the ship and built a special handling frame that can take seabed samples of
    about 1.3 cubic metres.
    
    The test samples gathered over the next several days will help to
    ground-truth the electronic information recently gathered during an 11-day
    scientific cruise for CRP before Christmas.
    
    Data and images collected on the cruise involved the most significant
    research work undertaken of the Chatham Rise since the German vessel Sonne's
    major cruise in 1981 as part of efforts by a New Zealand-German joint venture
    to evaluate the commercial viability of the area's rock phosphate deposits.
    
    CRP holds an exploration licence over 4276 sq km, 450 km east of Wellington,
    at shallow depths on the Chatham Rise and in New Zealand territory.  The
    licence has priority rights to extend the permit or apply for a mining
    licence.  As announced last week CRP has now given notice that it wishes to
    extend the prospecting licence for the second two-year term.
    
    New Zealand Petroleum and Minerals has approved the testing work.
    
    The Dorado Discovery, owned by Odyssey Marine, is specially set up for marine
    mineral exploration and has been undertaking such work in the SW Pacific for
    the last 15 months
    
    Chris Castle
    021 55 81 85 or [email protected]
    
    see photo of equipment
    
    The clamshell grab in its specially built frame on the Dorado Discovery
    leaving Wellington harbour
    End CA:00219079 For:CRP    Type:GENERAL    Time:2012-02-01 12:12:00
    				
 
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