Potash One initiates two-phased drill program
Potash One Inc. reports confirmation of its drilling program at its Legacy Solution Mining Project, Saskatchewan.
Based upon initial seismic surveys, Potash One has identified two promising solution mining development areas within the 97,240 acres of the Legacy Project. Both of the areas identified have the potential to support long term solution mining operations. Resource expansion drilling plus additional seismic surveys will be utilized to select the most favourable solution mining area to be developed based upon the potash zone temperature, thickness, average grade, continuity, and quality. The first phase of the drilling program will consist of 3 to 5 wells.
President and CEO of Potash One Inc., Paul F. Matysek says:
“We are pleased that we are on track with our development plan. The Company is well funded and in a good position to deliver a pre-feasibility study within 6 to 9 months. Work on solution mining and processing studies to support the pre-feasibility study has commenced.”
For complete press release details, click this link. To view Potash One’s company profile, click here. To Follow developments in resource mining and exploration for free. Sign on to the Resource Investing Newsletter.
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Fri, Sep 12, 2008
Post by Geetha Raghavan, Potash Research Manager