Potash Investing News » Western Potash Hits Again, Expands Program

Western Potash Hits Again, Expands Program

July 23, 2009 @ 6:54 am In Potash Company News

Western Potash ^[1] (CVE:WPX) reported today that their fourth well has intersected 25 meters of potash, indicating continued mineralization from previous results. In addition, temperature readings in the wells also continue to indicate solution mining would be economic for the project.

The release states:

The Company re-iterates that it considers formation temperature a key parameter in solution mining economics, offering advantages in solution mass-balance and savings in capital, energy and processing costs.

Expanding Program

WPX included in the release that the exploration program will be expanded with an additional 4 wells to be drilled and additional seismic surveys. The budget for the additional exploration is set at $8.5 million.

Click here to see the full press release ^[2].

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URLs in this post:

[1] Western Potash: http://potashinvestingnews.com/84-western-potash-corp-acquisition-evaluation-and-exploration-of-potash-mineral-properties-in-western-canada-2.html

[2] Click here to see the full press release: http://www.businesswire.com/portal/site/google/?ndmViewId=news_view&newsId=20090723005261&newsLang=en