
Projects Overview
The contents of this project description have been reviewed and approved by J. Patricio Varas, P. Geo, CEO and director of Western Potash who is a qualified person as required by NI 43-101.
The Company is a mineral exploration company engaged in the acquisition, evaluation and exploration of potash mineral properties in Western Canada. Western Potash Corp. has over 860,000 acres of potash permits and applications in both Manitoba and Saskatchewan, Canada. Western Potash was able to raise in excess of 45 million CAD from institutional and retail investors, including the IPO in May 2008.
The Company's objectives are to discover, define and develop a world-class potash deposit. The Company’s properties are in the exploratory phase and do not contain any measured potash resources and have no mineral production that yields any revenues
Western Potash Corp. was formed when the opportunity to acquire key prospective ground adjacent to known Potash deposits in the province of Manitoba, Canada, presented itself. In July 2007 a private consortium obtained the potash rights on 555 square kilometers, adjacent to BHP Billiton’s Lease and Agrium’s Exploration permits, within 13km of Saskatchewan Potash corps’s Rocanville Potash mine.
The Company carried out exploration activities during 2008 on its Russell-Miniota and its Russell South properties that included the completion of 5 exploratory drilling wells totaling 4,849 m. During the year the Company completed 175 line kilometers 2-D ground Seismic geophysical surveys on its Manitoba properties. The Company plans to commission an initial NI43-101 compliant resource calculation on its Russell-South property, as well as to carry out initial exploratory drilling of wells in its Saskatchewan properties to confirm the presence of potash mineralization and determine the tenor of potash grades on those properties.
During the first quarter of fiscal 2009 the Company completed an additional four exploratory well totaling 4,566 m on its Russell South properties. Results suggest that the potash mineral prospects in that area warrant further drill testing to confirm their extent and the potential to be an economic mineral deposit. Grades determined by drill testing to date in the Russell South area compare well with those that are being mined at the neighboring Saskatchewan Potash Corp’s Rocanville Mine.
During May 2008, the Company was granted three potash permits in south-eastern Saskatchewan (Milestone Project). The three contiguous permits were granted by the Saskatchewan Ministry of Energy and Resources and comprise a total of 123,948 acres.
At the Milestone property in Saskatchewan, (500 sq miles) the Company’s purchase and subsequent interpretation of several line-km of two-dimensional seismic data confirmed the presence of potash prospective salt beds and highlighted a sizeable and attractive new exploration target within 10km of the drilling completed by Rio Tinto (and subsequently sold to Vale) during 2008.
The Company has now completed a comprehensive drill program which defines the extent, grade, thickness and type of potash mineralization present on the Milestone property. The first well intersected a total of 19.9 m of potash mineralization with an average grade of 17.2 wt .% K2O across three potash bearing members. All potash members, in particular the Esterhazy member, visually displayed very low carnallite content. In addition, the Milestone project is characterized by a high minimum formation temperatures of approximately 65.5 degrees C. Temperature is important because higher formation temperatures improve the potash dissolution process, and reduce heat input required for the injected brines thereby significantly reducing production costs.
On February 2,2010 the Company issued an initial NI 43-101 compliant mineral resource calculation on the Solution Mining amenable Milestone property. All the outstanding wells not included in this initial document have since been completed. The company is now engaged in a 3D survey to upgrade the intial resource estimate which will lead to the publication of a Preliminary Economic Assesment. The full document can be sourced at www.sedar.com
On February 18, 2010 the Company reported that it had identified a potential natural gas zone in all 9 wells drilled. All the private and oil and gas rights in the MIlestone area have been secured. The Crown PNG ( petroleum natural gas) right are located within the Company's current potash exploration permits.
Saskatchewan has the largest potash industry in the world, accounting for appproximately 40% of the worlds trade in potash. The potash reserves in Saskatchewan are massive. By conservative estimates, Saskatchewan could supply world demand at current levels for several hundred years.
Western Potash Corp. is a junior mining company engaged in the acquisition, evaluation and exploration of potash mineral properties in Western Canada. The Company's objectives are to define and develop a world-class potash deposit in an ecologically sustainable, economically efficient and socially responsible manner while providing its shareholders with a unique opportunity to participate in the blue-chip dominated potash mining industry.
Western Potash will continue to search for appropriate mineral properties to add to its potash portfolio.
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