WESTERN POTASH CORP. is Granted an Additional Potash Exploration Permit in Manitoba..
Western Potash Corp. (the "Company") (TSX.v: WPX, FSE: AHE) is pleased to announce that it has been granted Potash Exploration Permit QP-172 by Manitoba Science Technology Energy and Mines. The permit, covering 49,000 hectares is located immediately south, and is contiguous with the Company's Russell-Miniota property, and lies approx. 40km southeast of Saskatchewan Potash Corp.'s Rocanville Potash Mine. The permit is valid for a 5 year term renewed annually subject to the payment of annual rental fees, and minimum annual exploration commitments.
Interpretation of 395 line kilometers of historical 2D seismic data acquired by the company for re-processing, prior to the granting of the QP-172 permit, has identified extensive areas with potential to host potash deposits. The company is planning to immediately acquire additional historic 2D seismic data for re-processing as well as to carry out further seismic surveys to facilitate an expansion of the ongoing exploration drill programs.Â Several additional wells are being designed to assess the potash potential on this new property.Â The Company expects to continue its current drill program on this southern property utilizing the already interpreted seismic data to plan its ongoing wells.
The company is also pleased to announce that it has now completed the fourth well in its five well exploration program at its Russell-Miniota exploration permit in Manitoba. The fourth hole, located approximately 14km south east of the first reported hole, also targeted the Esterhazy Potash Member. This is the same member being mined at Saskatchewan Potash Corp.'s Rocanville Mine. The well was drilled vertically with a completion depth of 955m. with coring commencing at a depth of 865m intersecting the Prairie Evaporite Formation at a depth of 910m. The main potash mineralized zone was intersected from 913.35m to 915 m.Â Heavy rains have forced the temporary suspension of well site activities until conditions improve.
Construction of the next drill site (the 5th drill hole) located approx. 14km south east of the first hole has been completed and mobilization of the drill will commence once weather conditions improve. After the Company completes the initial five potash exploration wells there is an option to extend the program by an additional 10 wells. Samples from each completed well are being rushed to SRC laboratories as they come to hand.
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.Â 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.