Western Potash Corp Develops Groundwater Well for Milestone Phase I Project
VANCOUVER, British Columbia, July 23, 2018 -- Western Resources Corp. (TSX:WRX) (FSE:WR0) (“the Company”) is pleased to announce that its wholly owned subsidiary Western Potash Corp. (“Western”) has successfully developed a groundwater supply source for the Company’s proposed Milestone Phase I Potash Project (“Phase I Project”) located 35 km southeast of Regina, Saskatchewan. Water pump test results show that the groundwater source can fully support the water requirements for the Phase I Project.
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The Milestone Phase I Project requires approximately 40 cubic meters of water per hour (m3/hour) as determined by Western’s mining engineering consultant AGAPITO Associates Ltd. Western utilized existing geophysical data from the project exploration phase and established a well location 8km southeast of the plant site as the optimal place for the groundwater source. The selection of a groundwater source was based on a detailed examination of all possible water source options, with full consideration of minimizing the impact on the community and environment.
The target aquifers are the Viking Formation and Mannville Formation, located at depths of approximately 680 and 745 meters below surface, respectively. The target aquifers contain non-potable water, not suitable for agriculture and are isolated and far below local domestic or agriculture use aquifers and will therefore not interfere with local water supplies.
Drilling work began in early June, and water well was completed on July 18th with all site facilities decommissioned and removed. According to the Water Supply Well Report completed by the Regina-based WaterMark Consulting Ltd., the established water source is able to fully support the required water usage of the Phase I Project over the life of the project.
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/f1e14a65-7fdd-41a3-b868-cfcc09a9939c
The next steps will be to submit to the Saskatchewan Water Security Agency Western’s water usage application, and to start the engineering and design for the water pumping and pipeline facilities from the well to the Phase I project site.
Mr. Bill Xue, President and CEO of Western Resources, commented, “the Management and Board of Directors are very excited with the positive results from the water well program. The success of the groundwater source further clears the hurdle for the Phase I project to move forward to the next step. We will now focus on the next steps of the Phase I project including early site work in preparation for project construction to start in early 2019.”
Bill Xue
President & CEO
Western Resources Corp.
Qualified Persons
The content of this news release has been read and approved by Gregory F. Vogelsang, P.Eng., P. Geo., FGC, FEC Project Manager of the Company. Mr. Vogelsang is a Qualified Person as defined by NI 43-101.
Cautions Regarding Forward-Looking Statements
Except for statements of historical fact relating to the Company, certain information contained herein constitutes “forward-looking information” under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the filing and results of the Technical Report. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information that is set out herein, except in accordance with applicable securities laws.
For more information on the contents of this release please contact Jerry Zhang, Corporate Secretary, at 604-689-9378.