High Times
Home > Boards > Canadian > Mining/Resources >


Add TSX:WPX Price Alert      Hide Sticky   Hide Intro
Search This Board: 
Last Post: 12/12/2016 3:01:58 PM - Followers: 4 - Board type: Free - Posts Today: 0

Western Potash Corp. Intersects Over Twenty Five Metres of Potash Mineralization in Fourth Well 12.5 Km South of First Mineraliz VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 07/23/09 -- Western Potash Corp. (the "Company") (TSX VENTURE: WPX)(FRANKFURT: AHE) is pleased to announce that the fourth well on the Milestone property has intersected strong potash mineralization over a thicker package of potash members in a combined mineralized width of over 25 meters. These results further indicate that the extent of the mineralized potash beds spans at least 12.5 km south from the first well, Milestone-001, reported previously. The Company's wholly-owned Milestone property, comprising 500 square km in area, is located approximately 30 km southeast of Regina, and is southeast of Mosaic's Belle Plaine Mine, one of the largest producing potash solution mines in the world. Coring of the Milestone - 004 well intersected the Prairie Evaporite Formation at a vertical depth of 1,707.5 m. Visual geological evaluation of the core in conjunction with down-hole gamma ray logs indicate strong potash grades, very low carnallite content, and very promising minimum formation temperatures of 61 degrees C within the two upper members, with some carnallite present in the Esterhazy member. The magnitude of the gamma ray log from this well suggests that higher potash grades exist within the Patience Lake and Belle Plaine members as compared to previous results. The following table details the thicknesses of the potash mineralized intercepts, indicating strong potash tenor in the down-hole gamma ray logs: Member From (m) To (m) Thickness (m) Patience Lake 1716.6 1730.3 13.7 Belle Plaine 1732.5 1737.9 5.4 Esterhazy 1756.5 1762.5 6.0 The well presently reported is located approximately 12.5 km and 7.5 km to the southeast of wells 001 and 002 respectively, which were reported previously. All drill intercepts noted in this release are considered the true thickness of the mineralization; as the salt beds are relatively flat-lying and down-hole directional surveys indicate the hole was essentially vertical upon intersecting the salt and potash sequences. The Company is pleased to see the presence, thicknesses and indicated grade of the potash beds in this fourth well, when considered in conjunction with the results reported for the first three wells. The Company feels that the thicknesses and grades obtained by geochemical sampling and down-hole gamma ray logging are consistent with those mined at the Belle Plaine solution mine and that it has now demonstrated regional continuity of all three potash members, spanning a strike length of over 12.5km, between the first and fourth wells. Minimum temperature readings of 61 degrees C were recorded from this well, indicating favorable conditions for an envisioned solution mining and recovery process. These results combined with temperature readings from the previous wells, ranging between 61 degrees C to 65.5 degrees C, have confirmed the presence of the heat anomaly that attracted the Company to this project area. 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. In other words, a mine with higher temperatures will be more efficient as the solubility of potash increases with temperature such that the higher the formation temperature, the higher the yield of potassium chloride in the brine solution to be processed for potash recovery. A solution mine, accessing a higher formation temperature resource, will produce more potassium chloride in solution than an operation tapping an equivalent resource at lower formation temperatures. The samples extracted from the three potash members will now be submitted for analysis at the SRC laboratory in Saskatoon. Results are expected to be obtained within 4 to 6 weeks. Expanding Program: After a review of the encouraging results from the first phase of drilling on the Milestone property, the board of Western Potash has approved an increase in the current exploration budget in order to expand the drill program and subsequently begin an initial resource calculation. The aim of the extended exploration program will be to further define the grade, and size of the potash deposit on the property. The next phase of exploration will include an additional 4 well drill program and additional 2D and 3D seismic surveys. The budget for this work is estimated at $8.5 million CAD. It is expected that the completion of this 2nd phase will allow the Company to commission an independent 43-101 resource estimate on the Milestone property. Drilling on the Milestone property will recommence as soon as all the permits are in place which is expected prior to the end of August. About Western Potash: 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. The in-house qualified persons for the purposes of NI 43-101 guidelines are J. Patricio Varas, P. Geo and Dean Pekeski, P. Geo, both of whom have reviewed and approved the contents of this news release. For more information on Western Potash Corp.'s projects, please visit the Company's website at: www.westernpotash.com. ON BEHALF OF THE BOARD OF DIRECTORS J. Patricio Varas, President and CEO
High Times
Current Price
Bid Ask Day's Range
  • 1D
  • 1M
  • 2M
  • 3M
  • 6M
  • 1Y
  • 2Y
  • 3Y
  • 5Y
PlusOneCoin Top Posts
No plusone'd posts yet. Be the first!
#61   5 days later (Monday - Jumps 26%) : nowwhat2 12/12/16 03:01:57 PM
#60   Updating that 2 1/2 year old chart nowwhat2 12/07/16 03:21:28 PM
#59   A nowwhat-style chart update : nowwhat2 05/30/14 11:31:53 AM
#58   Western Potash Threatened with Legal Action Twister 02/27/14 07:09:06 PM
#57   Western Potash Reports AGM Results Twister 02/27/14 07:06:34 PM
#56   $WPX.TO - chart update Tommy 10/01/13 09:14:47 AM
#55   $WPX.TO - chart update Tommy 08/04/13 08:58:19 AM
#54   Chart update Tommy 07/18/13 08:17:24 AM
#53   $WPX.TO - Speculators dump Western Potash after Chinese Tommy 06/05/13 08:05:05 AM
#52   Chart Update Tommy 06/02/13 10:06:38 AM
#51   Strategy http://www.westernpotash.com/company/strategy The Comp Tommy 06/02/13 10:05:00 AM
#50   What Is Potash? Tommy 06/02/13 10:03:27 AM
#49   $WPX.TO - Western Potash Corp. Receives Strategic Investment Tommy 06/02/13 10:01:22 AM
#48   $WPX.TO - Western Potash: Lowest hanging fruit Tommy 04/24/13 07:43:08 AM
#47   $WPX.TO - Western Potash Corp. Milestone Project Receives Tommy 04/04/13 07:40:30 AM
#46   $WPX.TO - Western Potash Corp. Milestone Project Environmental Tommy 02/05/13 12:04:00 PM
#45   $WPX.TO - Western Potash Corp. Delivers Feasibility Study Tommy 12/06/12 10:08:02 PM
#44   Milestone Attained: Feasibility Approaches for Western Potash's Southern ResourceClipsNews 12/06/12 02:17:15 AM
#43   $WPX.TO - Western Potash Corp. - Completes Private Tommy 10/19/12 06:26:04 PM
#42   Sustainable Recycled Water Source Approved... Milestone Potash Project Twister 06/26/12 09:56:46 AM
#41   Win Win canucklehead80 06/18/12 02:22:32 PM
#40   The Juniors Shall Prevail canucklehead80 04/24/12 06:57:41 PM
#39   World Class Mine Developer Joins Western Potash Corp. Twister 02/27/12 03:03:16 PM
#38   Western says they will not be scooped and toolttime 02/13/12 01:45:47 PM
#37   Western potash is poised to be scooped up stashocash 02/08/12 12:04:36 PM
#36   Every once in awhile there is some serious Whopperman 01/27/12 06:59:19 PM
#35   More news!!!!!!!!!!!! toolttime 11/08/11 04:08:39 PM
#34   Yes it is. I like the fact that toolttime 11/06/11 11:35:07 AM
#33   Best of the junior potash companies. Yeti 11/05/11 04:54:08 PM
#32   This is a sticky!!!!!!!!!1 toolttime 11/05/11 01:56:16 PM
#31   Under the radar toolttime 11/05/11 01:49:48 PM
#30   All I can see in this report is toolttime 11/05/11 01:33:18 PM
#29   This board needs a mod ASAP. Prefeasabilty study Yeti 11/05/11 09:02:31 AM
#28   WPSHF...I see value here; added some today. eom Twister 08/08/11 12:56:56 PM
#27   Nice! Another sticky. 12thman 07/11/11 11:14:16 AM
#26   WPX/WPSHF will begin trading on TSX July 12... Twister 07/11/11 09:57:27 AM
#25   That's a sticky. Thanks! 12thman 06/21/11 10:47:59 AM
#24   WPX/WPSHF... Milestone Project preferred plant site land purchased... Twister 06/21/11 10:42:04 AM
#23   All the proper ingredients... Just add time! eom Twister 06/19/11 01:39:41 AM
#22   Very under the radar I'd say... 12thman 06/18/11 11:50:23 PM
#21   Western trades on the OTC under the symbol WPSHF. 12thman 06/18/11 11:49:49 PM
#20   Great read on Potash! 12thman 06/18/11 11:48:52 PM
#19   That's pretty impressive. 12thman 06/18/11 11:47:35 PM
#18   Western Potash receives conditional approval for TSX listing... Twister 06/09/11 02:33:48 AM
#17   Highgrade Review potash article... Twister 05/27/11 12:26:20 AM
#16   Well, the CEO leaves little doubt of the Doubloon 04/26/11 12:37:11 PM
#15   Impressive, yet remains mostly under the radar! eom Twister 04/26/11 11:36:08 AM
#14   The PR was impressive. Grabbed a few jmurfk 04/26/11 11:32:18 AM
#13   Patricio Varas, CEO and President... Twister 04/26/11 11:31:14 AM
#12   Western Potash Significantly Expands Measured and Indicated Potash Doubloon 04/26/11 11:25:33 AM