WESTERN POTASH CORP. Announces Assay Results from First Four Potash Exploration Wells from its Russell Miniota Project

Western Potash Corp. (the “Company”) (TSX.V: WPX, FSE: AHE) is pleased to announce that it has received results from its first four potash exploration wells drilled within the Russell-Miniota exploration permit in Manitoba.  These Permits cover over 1,000 square kilometers, are adjacent to BHP Billiton’s Potash Lease and Agrium’s Exploration Permits along the Manitoba border, and lie within 13km of Saskatchewan Potash Corp.’s Rocanville Potash Mine.  Three of the four holes drilled intercepted the Esterhazy member, the potash formation being exploited at the nearby Rocanville mine.  All drill intercepts noted in this release can be considered the true thickness of the mineralization, as the salt beds are flat lying and the holes were drilled vertically.

 

The best results were from the Russell-Miniota-002 well, which returned 17.0 wt% K2O over an interval of 3.0m, including a 2.1m section grading 19.3 wt% K2O.  A summary of the results from each hole are shown in Table 1.

 

Table 1: Well Summaries

 

 Hole

 

 

         
 RM - 001

 

 876.5

 

883

 

 886.6

 

 3.6

 

 15.4

 

 including

 

   883

 

 885.1

 

 2.1

 

 17.2

 

           
 RM - 002

 

 874

 

 879.7

 

 882.7

 

 3.0

 

 17.0

 

 including

 

  880.6

 

 882.7

 

 2.1

 

 19.3

 

           
  RM - 003  887.3

 

 888.9

 

 891.9

 

 3.0

 

 13.5

 

 including

 

   891.3

 

 891.9

 

 0.6

 

 18.9

 

           
 RM - 004

 

             910.0      

 

No Economic Potash intercepted

 

The results compare favorably with historic drilling in the area, which intersected potash mineralized zones with grades of up to 20% K2O over 3.7m interpreted from gamma ray logs. Detailed results are listed below in Table 2. The Company is encouraged by these results, as the geological setting and mineralization are consistent with characteristics of other potash deposits in Saskatchewan and Manitoba.  The Company considers the generally low insoluble content and the minor traces of Carnallite as a positive indication of the quality of the mineralization.

 

 

Table 2: Analytical Results

 

WELL

 

 

FROM (m)

 

TO

 

 (m)

 

INSOLUBLES

 

(%)

 

K2O

 

 Wt %

 

MgO

 

 Wt %

 

Russell-Miniota-001

 

882.4

 

882.7

 

2.9

 

12.6

 

0.058

 

Russell-Miniota-001

 

882.7

 

883

 

2.7

 

13.4

 

0.059

 

Russell-Miniota-001

 

883

 

883.3

 

1.6

 

14.5

 

0.052

 

Russell-Miniota-001

 

883.3

 

883.6

 

0.9

 

21.7

 

0.044

 

Russell-Miniota-001

 

883.6

 

883.9

 

0.8

 

15.2

 

0.046

 

Russell-Miniota-001

 

883.9

 

884.2

 

0.6

 

7.1

 

0.04

 

Russell-Miniota-001

 

884.2

 

884.5

 

0.4

 

12.3

 

0.028

 

Russell-Miniota-001

 

884.5

 

884.8

 

0.3

 

29

 

0.017

 

Russell-Miniota-001

 

884.8

 

885.1

 

0.4

 

20.9

 

0.024

 

Russell-Miniota-001

 

885.1

 

885.4

 

0.8

 

12.5

 

0.043

 

Russell-Miniota-001

 

885.4

 

885.7

 

2.2

 

10.6

 

0.062

 

Russell-Miniota-001

 

885.7

 

886

 

3.4

 

9.82

 

0.064

 

Russell-Miniota-001

 

886

 

886.3

 

2.2

 

16.6

 

0.06

 

Russell-Miniota-001

 

886.3

 

886.6

 

1.3

 

15.1

 

0.052

 

Russell-Miniota-002

 

879.70

 

880.00

 

5.4

 

14.7

 

0.06

 

Russell-Miniota-002

 

880.00

 

880.30

 

4.4

 

10.1

 

0.07

 

Russell-Miniota-002

 

880.30

 

880.60

 

1.2

 

10

 

0.07

 

Russell-Miniota-002

 

880.60

 

880.90

 

0.2

 

17

 

0.03

 

Russell-Miniota-002

 

880.90

 

881.20

 

0.8

 

23.8

 

0.03

 

Russell-Miniota-002

 

881.20

 

881.50

 

1

 

15.1

 

0.04

 

Russell-Miniota-002

 

881.50

 

881.80

 

0.9

 

20

 

0.07

 

Russell-Miniota-002

 

881.80

 

882.10

 

1.4

 

17.9

 

0.08

 

Russell-Miniota-002

 

882.10

 

882.40

 

3.8

 

17.2

 

0.08

 

Russell-Miniota-002

 

882.40

 

882.70

 

1.7

 

23.9

 

0.09

 

Russell-Miniota-002

 

882.70

 

883.00

 

0.8

 

11.4

 

0.07

 

Russell-Miniota-003

 

888.90

 

889.20

 

0.8

 

18.5

 

0.07

 

Russell-Miniota-003

 

889.20

 

889.50

 

0.1

 

7.63

 

0.05

 

Russell-Miniota-003

 

889.50

 

889.80

 

0.2

 

11.5

 

0.03

 

Russell-Miniota-003

 

889.80

 

890.10

 

0.3

 

15.3

 

0.04

 

Russell-Miniota-003

 

890.10

 

890.40

 

0.2

 

13.7

 

0.03

 

Russell-Miniota-003

 

890.40

 

890.70

 

0.4

 

9.98

 

0.05

 

Russell-Miniota-003

 

890.70

 

891.00

 

1.7

 

11.2

 

0.08

 

Russell-Miniota-003

 

891.00

 

891.30

 

3.2

 

9.72

 

0.08

 

Russell-Miniota-003

 

891.30

 

891.60

 

1.6

 

16.7

 

0.08

 

Russell-Miniota-003

 

891.60

 

891.90

 

1.2

 

21

 

0.07

 

Russell-Miniota-003

 

891.90

 

892.20

 

0.8

 

8.18

 

0.06

 

Note: Table 2 reports all K2O assays above 5% cut-off.  The MgO% is shown as an indicator of Carnallite content. The core recovered from this hole was logged, photographed, split, and sampled at the Company’s secure core storage facility on the property.  All samples were handled in accordance with the Company’s Chain of Custody procedures.  The half-split core samples from the wells were analyzed at the Saskatchewan Research Council (SRC) Laboratory in Saskatoon.  The Laboratory has been certified by the Standards Council of Canada (SCC) to conform to the requirements of ISO/IEC 17025:2005 (CAN-P-4E).

 

The Company is continuing its aggressive exploration plan and has now completed the fifth well in its five well, Phase I exploration program.  The fifth hole is located approximately 6km south east of the first hole drilled on the property and targets the Esterhazy Potash Member.  The well was drilled vertically and was completed to a depth of 1020m.  Coring commenced at a depth of 880m and intersected the Prairie Evaporite Formation at a depth of 891m.  The main potash mineralized zone was intersected from 892.2m  to 895 m. Samples from this potash intersection have now been collected and have been received at the SRC laboratory in Saskatoon, Saskatchewan.  A map showing the distribution of the first five wells drilled on the northern portion of the QP-168 license is presented below in Figure 1.

 

Russell 5 Holes

Continuing Program

 

 

The company is expanding its Phase I drill program with five additional wells planned on the southern portion of QP-168, and the recently acquired QP-172 potash permit property holdings.  The expanded drill program will target potash sequences identified by the Company’s 2008 2D seismic program completed in August, as well as, from extensive historical data acquired by the company in anticipation of the granting of the permit.  Historic drilling in the area  intersected potash mineralization in three wells, encountering grades and intersections up to 19.4% K2O over 2.94m.  Preparations for this continuing drill campaign are well underway, and a budget of 5 Million Dollars for drilling and further geophysical surveys has been approved by the Company’s board.  A map showing the distribution of the planned wells is presented below in Figure 2 and includes an outline of the extent of the evaporite salt sequence indicated by seismic data.  The Company notes that QP 172 and the southern portion of QP 168 make up an area covering over 625 Km2 prospective for potash mineralization stretching 25 kilometers east from the Saskatchewan border.

 

Drilling Continues

Western Potash Corp. is a mineral exploration company engaged in the evaluation, exploration and development of potash mineral properties in Western Canada.  The Company intends to define and develop a world-class potash deposit in an ecologically sustainable, economically efficient and socially responsible manner.

 

The in-house qualified persons for the purposes of NI 43-101 guidelines are J. Patricio Varas, P. Geo and Dean Pekeski, P. Geo, both of whom have reviewed and approved the contents of this news release.

 

J. Patricio Varas
President and CEO

 

 

This news release contains Forward Looking Statements regarding our intentions and plans. Various factors may prevent or delay our plans, including but not limited to, contractor availability and performance, weather, access, mineral prices and success and failure of the exploration and development carried out at various stages of the program.  Readers should review risk factors applicable to junior mining exploration companies generally to understand the variety of risks that can affect the Company.  

 

 

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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