Western Potash Corp. Begins Drill Program at Milestone
WESTERN POTASH CORP., (the 'Company?) (TSX Venture: WPX) is pleased to
announce that as part of its Feasibility Study Process, two wells will
be drilled to collect drill core for geochemical analysis, rock mechanic
studies, and dissolution laboratory testing. The Company has executed an
agreement with Ensign Drilling Partnership of Calgary, Alberta to
complete this drilling. Drilling shall commence immediately.
Results from the geochemical analysis will be used to update future
resource estimation. An Updated NI 43-101 Resource Estimate and
Technical Report will be completed by Agapito Associates Inc. ('AAI?);
that will incorporate new potash results from this drill program. AAI
has extensive experience in solution mining, resource characterization
and preparation of 43-101 Technical Reports on Potash Resources. AAI′s
experience includes work for Intrepid Potash Inc in the US, Rio Tinto
and Vale at the PRC project in Argentina and for several prospective
potash projects located in Saskatchewan.
The 100% owned Milestone property, comprising 500 square kilometers, is
located 30 kilometers southeast of Regina, and southeast of Mosaic′s
Belle Plaine Mine, one of the largest producing potash solution mines in
the world.
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?
J. Patricio Varas
President and CEO
This news release contains Forward Looking Statements regarding our
intentions and plans. Forward looking statements in this news release
include that two wells will be drilled to collect drill core for
geochemical analysis, rock mechanic studies, and dissolution laboratory
testing; that results from the geochemical analysis will be used to
update future resource calculations; that an updated NI 43-101 resource
calculation and technical report will be completed by Agapito Associates
Inc. ('AAI?), incorporating new potash results from this drilling
program. Readers are cautioned that: mineral resources that are not
mineral reserves do not have demonstrated economic viability until they
are upgraded; that management is studying the possibility of
consolidating the pre and final feasibility processes, and producing and
publishing only a final feasibility suitable for reaching a production
decision and for attracting project debt finance; that management will
be making future recommendations to the board as to the scope of the PFS
yet to be completed and that such recommendations may change over time;
that any analysis is based on a cash flow estimate, it should be
expected that actual financial results would vary from these
predictions; that an accuracy assessment of the cost estimates will be
completed as part of this study; various factors may prevent or delay
our plans, including but not limited to, contractor availability and
performance, weather, access, mineral prices and success and failure of
the exploration and development carried out at various stages of the
program. Readers should review risk factors applicable to junior mining
exploration companies generally to understand the variety of risks that
can affect the Company. It is the Company′s policy not to update
forward-looking statements other than as required by applicable
securities laws and regulations.
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
Western Potash Corp.
Patricio Varas, 604-689-9378