Western Potash Corp. Begins Drill Program at Milestone
Vancouver, January 20, 2011- WESTERN POTASH CORP., (the “Company”) (TSX Venture: WPX) is pleased to announce that as part of it’s Feasibility Study Process, two wells will be drilled to collect drill core for geochemical analysis, rock mechanic studies, and dissolution laboratory testing. The Company has executed an agreement with Ensign Drilling Partnership of Calgary, Alberta to complete this drilling. Drilling shall commence immediately.
Results from the geochemical analysis will be used to update future resource estimation. An Updated NI 43-101 Resource Estimate and Technical Report will be completed by Agapito Associates Inc. (“AAI”); that will incorporate new potash results from this drill program. AAI has extensive experience in solution mining, resource characterization and preparation of 43-101 Technical Reports on Potash Resources. AAI’s experience includes work for Intrepid Potash Inc in the US, Rio Tinto and Vale at the PRC project in Argentina and for several prospective potash projects located in Saskatchewan.
The 100% owned Milestone property, comprising 500 square kilometers, is located 30 kilometers southeast of Regina, and southeast of Mosaic’s Belle Plaine Mine, one of the largest producing potash solution mines in the world.
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.
For more information on Western Potash Corp.’s projects, please visit the Company’s website at: www.westernpotash.com
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ON BEHALF OF THE BOARD OF DIRECTORS
“J. Patricio Varas”
J. Patricio Varas
President and CEO\
This news release contains Forward Looking Statements regarding our intentions and plans. Forward looking statements in this news release include that two wells will be drilled to collect drill core for geochemical analysis, rock mechanic studies, and dissolution laboratory testing; that results from the geochemical analysis will be used to update future resource calculations; that an updated NI 43-101 resource calculation and technical report will be completed by Agapito Associates Inc. (“AAI”), incorporating new potash results from this drilling program. Readers are cautioned that: mineral resources that are not mineral reserves do not have demonstrated economic viability until they are upgraded; that management is studying the possibility of consolidating the pre and final feasibility processes, and producing and publishing only a final feasibility suitable for reaching a production decision and for attracting project debt finance; that management will be making future recommendations to the board as to the scope of the PFS yet to be completed and that such recommendations may change over time; that any analysis is based on a cash flow estimate, it should be expected that actual financial results would vary from these predictions; that an accuracy assessment of the cost estimates will be completed as part of this study; 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. It is the Company’s policy not to update forward-looking statements other than as required by applicable securities laws and regulations.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.