IC Potash Corp. (TSX:ICP,OTCQX:ICPTF) completed an aquifer test using two of the Company’s recently drilled groundwater supply wells at its Ochoa Sulphate of Potash Mine Project in southeast New Mexico, and confirmed the suitability of the aquifer to provide a long term supply of non-potable water.
As quoted in the press release:
The test successfully demonstrated the desired pumping capacity of these two wells drilled earlier this year by IC Potash. Moreover, test results have confirmed the aquifer’s suitability to sustainably provide the Project with a high-yield, long term supply of non-potable, brackish water that will not compete with the surrounding communities’ use of fresh water.
IC Potash President and CEO Sidney Himmel said:
The success of this aquifer test marks yet another mission critical milestone in our plan to produce the world’s lowest cost SOP from our valuable mining assets in southeast New Mexico. Moreover, we remain on schedule and on budget with the development of the Project and are making important strides forward with our Bankable Feasibility Study, which is underway and anticipated to be completed by August 31, 2013.