西钾公司公布曼省罗素项目第八和第九眼钻井勘探及萨省项目震测结果

Western Potash Corp. (the “Company”) (TSX.V: WPX, FSE: AHE)  is pleased to announce that it has received results from its eighth and ninth potash exploration wells drilled within the Russell-Miniota exploration permit in Manitoba, part of the continuing Phase I drill program announced in a press release dated October 22, 2008 within permits QP-168 and QP-172. These Permits cover over 1,000 square kilometers and are adjacent to BHP Billiton’s Potash Lease and Agrium’s Exploration Permits along the Manitoba border. All drill intercepts noted in this release can be considered to represent the true thickness of the mineralization, as the salt beds are flat lying and the holes were drilled vertically.

Wells RM-008 and RM-009 targeted salt sequences identified from the Company’s two dimensional seismic program, completed in August, as well as from extensive historical data acquired by the Company in anticipation of the granting of the permit.  The location of these wells is shown in figure 1.  The best interval reported from well RM-009 was from 1045.1m to 1046.6m (1.5m) returning 23.72 wt% K2O including a 0.9m section with grades averaging 31.4 wt% K2O.  Well RM-008 drilled to test the southern extent of the salt beds 10 km south of well RM-006, intersected no potash mineralization. Field observations of the salt beds in well RM-008 indicate that localized dissolution and re-crystallization of the salt sequence has occurred at this location.

The Company is encouraged by the extent of the mineralization outlined by holes RM-006, 007 and 009 and the historical drilling that suggests the presence of an important potash resource extending some 11 km south east of the adjacent “St Lazare” historical potash resource controlled by Agrium. Plans for the continuation of the phase I drill program are in place allowing for additional holes to firm-up and test the extent of the indicated mineralization south of RM-006. Drilling should continue in the Russell South properties during the second quarter of 2009.

The Company is currently analyzing and modeling the results obtained from the data collected in the Russell South area with the intent to commission an initial NI 43-101 compliant resource.

A Summary of the results from all holes drilled in the Russell South property is presented in Table 1 and is shown in figure 1.

Tabelle 1.

Hole Number

From   (m)

To    (m)

Interval    (m)

K2O    Wt %

RM - 006

1.015,6

1.018,9

3,3

21,1

RM - 007

973,7

976,7

3,0

26,0

including

1,2

32,0

RM - 009

1.045,1

1.046,6

1,5

23,7

including

0,9

31,4

RM - 008

No Potash Mineralization

Abbildung 1.

Saskatchewan Exploration Update

The Company is also pleased to provide an update on its Milestone project made up of three contiguous permits in south-eastern Saskatchewan.  The Milestone potash permits, comprising a total of 123.948 acres, are immediately adjacent to potash permits held by BHP-Billiton, Vale (through a recent sale by Kennecott Canada Exploration) and Potash One.

The Milestone project is located approximately 30 km south and southeast of Regina, and to the southeast of the Mosaic Company's Belle Plaine KL-106-R mining lease, which hosts one of the largest producing potash solution mines in the world.

The Company purchased 138 linear kilometers of two dimensional seismic data to assist in its interpretation of the salt and potash sequence in the area.  Boyd-Petrosearch of Calgary, Alberta provided a review and interpretation of this data, and has confirmed the presence of potash prospective salt beds continuing onto Western Potash’s permit area. In their report, the eastern portion of the permit area falls well within the salt edge, and provides a sizeable and attractive exploration target covering an area of 185 square kilometers.  The Company is planning an initial two-well drill program, to be carried out during the second quarter of 2009, to further define the extent, grade, thickness and type of potash mineralization present on the Milestone property.

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.

Die gemäß NI 43-101 betriebsintern qualifizierten Personen sind J. Patricio Varas, P.Geo und Dean Pekeski, P.Geo. Beide haben den Inhalt dieser Pressemitteilung überprüft und genehmigt.

IM NAMEN DES BOARD OF DIRECTORS

„J. Patricio Varas“     
J. Patricio Varas
President und CEO

Diese Pressemitteilung enthält zukunftsgerichtete Aussagen zu unseren Absichten und Plänen. 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.

Click Here To View This News Release In .PDF

最新消息

Information Signup