making sense of soil tests This PDF will explain the Mehlic 111 test so you can understand the method.
This is the make up of the extractant: Mehlich-3 Extractant (Mehlich, 1984) 0.2 N acetic acid; 0.25 N NH4NO3; 0.015 NH4F; 0.013 N HNO3; 0.001 M EDTA
The results of any type of soil test can be compared as long as you don't try to make an apple out of an orange (look for the same things in each test). (most labs consider the M3 the best method as it has the least false positive results)
As James mentioned, CEC is a very desirable thing to know, it tells you how many and of which type of ions you have in your soil. Ionic exchanges are how the microorganisms talk to each other and process minerals for plants to take in.
The cheapest way to add minerals is to use a sea salt type product, it has a broad spectrum of minerals, once you have added a broad spectrum you then only need to boost those minerals that are below "normal".
Keep in mind that on planet earth there is no place above the sea floor that might contain all the minerals you might desire in your soil, so chances are you will need to make additions, these are not an all the time affair (unlike the sellers of said minerals want you to believe).
To keep things in balance (like nature wants all things to be) you have to make multiple applications (as James also mentioned).
I have found that a two year series of applications seems to work the best for any soil, it allows for equilibrium to be achieved between applications which helps the balance.
Redhawk