Western Potash Announces the Purchase of the Milestone Project Plant Site Land and SEDAR Filing of Technical Report
Western Potash Corp. (the 'Company?) (TSX.V: WPX, FSE: AHE) is pleased
to announce that it has completed the purchase of a large parcel of
surface lands, advancing the development of the plant site facility for
its Milestone potash solution mining project in southern Saskatchewan.
The land acquisition program has now successfully secured over 2,550
acres at the Company′s preferred plant site location. Securing the plant
site location is an important aspect of the Milestone feasibility
process as the environmental and regulatory approval processes and
project schedules are dependent on it. The site is large enough to house
all intended plant site facilities for the contemplated life of the mine.
The Company has completed water, soil, vegetation, and wildlife baseline
studies over the site as part of its Environmental Approval process. The
Company has also completed airborne geophysical surveys, satellite
imagery acquisition, and geotechnical drilling as part of this process.
Data from these studies was used to complete a detailed constraints
assessment as part of the land acquisition process. The site was
selected based on the following parameters:
Proximity to the potash resource
Motivated and engaging landownership
Lack of surface streams
Lack of subsurface aquifers
Favorable surficial and hydro-geology characteristics
Low geotechnical risk
Proximity to road, rail and utility infrastructure
The plant site will support all maintenance, administration, processing,
product storage, and load out facilities. The site will further be large
enough to accommodate salt storage, brine cooling ponds, and all utility
infrastructure. The site is of sufficient size to allow for increased
potash production beyond the anticipated mining rate of 2.5 million
tonnes of KCl product per year.
Patricio Varas, CEO and President of the Company commented: 'Securing
the Milestone plant site represents another key achievement in the
ongoing development of this world class potash project. We now have
ownership of enough surface lands to accommodate an efficient plant
design, one capable of future expansion to higher production rates. This
purchase brings Western Potash a significant step closer to making
Milestone one of the largest, most accessible, greenfield, independently
owned potash deposits, being developed in the world today.'
The 100% owned Milestone property 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.
Technical Report Filed on SEDAR
Further to the Company's news release dated April 26, 2011, the Company
confirms that the related NI 43-101 Technical Report titled 'Updated
Technical Report Concerning Mineral Resource Estimates Subsurface
Mineral Lease KLSA 008 Saskatchewan? was filed on SEDAR on June 10,
2011. In addition to covering the increased resource estimate,
the Report sets out that the Milestone project now comprises 87,530
acres (including road allowances) of Crown mineral lands by means of
Subsurface Mineral Lease KLSA 008, which was granted to the Company on
May 18, 2010. This Lease incorporates the lands formerly held by the
Company under Permits KP 408 and KP 409. Lease KLSA 008 was granted to
the Company by the Saskatchewan Department of Energy and Resources on
May 18, 2010. The lease has a term of 21years from the date of issue and
is renewable for additional terms of 21 years provided that the Company
fully complies with the terms of the Lease.
About Western Potash
Western Potash Corp. is a potash asset development company engaged in
the evaluation, exploration and development of 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 the company has completed the purchase of a large parcel
of surface lands advancing the development of the plant site facility
for its Milestone potash solution mining project; that the land
acquisition program has secured over 2,550 acres at the Company′s
preferred plant site location; that securing the plant site location is
an important aspect of the Milestone feasibility process as the
environmental and regulatory approval processes and project schedules
are dependent on it; that the site is large enough to house all intended
plant site facilities for the contemplated life of the mine; that the
plant site will support all maintenance, administration, processing,
product storage, and load out facilities; that the site will further be
large enough to accommodate salt storage, brine cooling ponds, and all
utility infrastructure; that the site is of sufficient size to allow for
increased potash production beyond the anticipated mining rate of 2.5
million tonnes of KCl product per year; that Patricio Varas, CEO and
President of the Company commented: 'Securing the Milestone plant site
represents another key achievement in the ongoing development of this
world class potash project. We now have ownership of enough surface
lands to accommodate an efficient plant design, one capable of future
expansion to higher production rates; that this purchase brings Western
Potash a significant step closer to making Milestone one of the largest,
most accessible, greenfield, independently owned potash deposits, being
developed in the world today'; It is the Company′s policy not to update
forward-looking statements. 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.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
Western Potash Corp.
John Costigan, VP Corporate Development
604-689-9378