American Potash Llc Announces Acquisition Of Seismic Geophysical Data For Utah Potash Project
(via Thenewswire.ca)
Confederation Minerals Ltd. (TSX-V: CFM) is pleased to announce that American Potash LLC, a Nevada corporation owned equally by Confederation Minerals Ltd. and Magna Resources Ltd., has acquired 28 line-miles (46.7 line-km) of historic 2-D seismic data covering the approximate area of three proposed and three historic exploration well locations at its Green River Potash Project in the Paradox Basin of southeast Utah. The amount of historic 2-D seismic data in the Green River Potash Project area of interest (AOI) is significant and will assist in determining stratigraphic depths to target horizons, interpreting geologic structures, and targeting proposed and future exploration wells. The lines incorporating the seismic data are located in the northwest portion of the Green River Potash Project AOI, pass through and/or are very near to historic and proposed well locations, are oriented NW-SE and NE-SW, and roughly define an approximately 16-square mile (41.4 square km) square area.
The seismic data are related to historic oil and gas exploration in the Paradox Basin by Conoco-Phillips and Shell Oil and were acquired from their archives for American Potash by Seismic Exchange, Inc. The selection of seismic lines was based on project area coverage and data quality. American Potash plans to locate proposed potash exploration wells on Utah State Leases on or near several of these historic seismic lines.
The newly acquired seismic data is being re-processed by Excel Geophysical Services, Denver, Colorado. Data interpretation is being performed by geophysicists at ExporTech of Denver, Colorado, who have performed seismic services for oil and gas companies in salt basin environments as well as recent interpretive work in the Holbrook Basin, Arizona for potash exploration
Mr. Kent Ausburn, P.Geo., a qualified person as defined by National Instrument 43‐101, has reviewed the technical aspects of this news release.
On Behalf of the Board,
Confederation Minerals Ltd.
"Lawrence Dick"
Lawrence A.Dick, Ph.D., P.Geo
President, CEO, and Director
CORPORATE INQUIRIES
Confederation Minerals Ltd.
Suite 1980, 1075 West Georgia Street
Vancouver, B.C.
Lawrence Dick, President
604.688.9588
lawrence.dick@barongroupintl.com
www.confederationmineralsltd.com
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