IC Potash Corp. (TSX:ICP,OTCQX:ICPTF) announced the completion of its two deep groundwater production wells which will be used to supply water to its Ochoa Sulphate of Potash Project in Lea County of southeast New Mexico, as well as initialization of pumping tests.
As quoted in the press release:
ICP’s water for Sulphate of Potash production will come from the Capitan Reef, a water source which is recognized by the New Mexico Office of the State Engineer and U.S. Geological Survey as a significant non-potable brackish water resource with a history of industrial use. In the area of the planned mine and processing facilities, domestic, municipal and agricultural water supplies come from shallow, fresh-water aquifers that are thousands of feet above the Capitan Reef and hydraulically separated from the deeper water. As a result, the Company will be able to secure essential processing water resources without competing with the surrounding communities’ use of fresh water.
IC Potash CEO Randy Foote said:
The completion of our two permitted groundwater wells and the commencement of the testing at full production water capacity mark the achievement of critical project development milestones and position us to proceed on our planned timelines for the bankable Feasibility Study and the Environmental Impact Study, both of which are actively underway.