WESTERN POTASH CORP. Completes Third Well Expands the Extent of Potash Mineralization
Western Potash Corp. (the “Company”) (TSX.V: WPX, FSE: AHE) is pleased to announce that it has now completed the third well in its five well exploration program at its Russell-Miniota exploration permit in Manitoba. These Permits comprise 555 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. The company also reports that it has completed its planned 175km seismic program.
The third hole, located approx. 9km south east of the first reported hole also targeted the Esterhazy Potash Member, the same member being mined at Saskatchewan Potash Corp.’s Rocanville Mine, and was drilled vertically, with a completion depth of 1007m. Coring commenced at a depth of 865m, and intersected the Prairie Evaporite Formation at a depth of 887.3m. The main potash mineralized zone was intersected from 889m to 892 m (3m thickness).
Construction of the next drill site (the 4th drill hole) located approx. 5km south east of the third hole has been completed and mobilization of the drill is underway. After the Company completes the initial five potash exploration wells there is an option to extend the program by an additional 10 wells, as results warrant. Samples from each completed well are being rushed to SRC laboratories as they come to hand.
The company has also completed data acquisition on its $1.2-million, 175-line-kilometre 2-D seismic survey on the property to assist in its interpretation of the salt and potash sequence in the area. Data is currently being analyzed, processed and interpreted by Boyd PetroSearch based in Calgary, AB. It is expected that final interpretations will be available within 6 weeks time. Prospective salt beds indicated by these seismic surveys will be further tested with additional drilling as part of the continuing exploration programs.
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.
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. 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.