Western Potash Corp. begins scoping study at Milestone
Western Potash Corp. begins scoping study at Milestone
Western Potash Corp. (the “Company”) (TSX.V: WPX, FSE: AHE) is pleased to announce that AMEC Americas Limited, a TSX publicly traded, international supplier of high-value consultancy, engineering and project management services with an office in Saskatoon, Saskatchewan has been engaged and has initiated a preliminary economic assessment of the Milestone Potash Project (the “Scoping Study”). AMEC is currently managing multiple potash expansion projects with a capital value of several billion dollars. AMEC was chosen by the Company because of their experience, proven record and commercial expertise, though final selection was primarily due to their depth of technical expertise within the potash industry.
The preliminary economic assessment will aim to conceptualize the viability of a potash mining operation on the Milestone property. The Scoping Study will place particular focus on quantifying the expected beneficial effects that the higher Potash formation temperatures measured at Milestone may have on reducing the energy requirements of a Potash operation, so as to estimate potential operating cost savings. Golder Associates Ltd. of Saskatoon, Saskatchewan will assist the Company with environmental baseline studies and the preparation of an Environmental Impact Statement (“EIS”) for the project. The target date for delivery of the Scoping Study is estimated to be toward the end of July of 2010.
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. The contents of this news release were also reviewed and approved by J. R. Briton, P. Geol., P. Eng., a Qualified Person under NI 51-101 Rules and Policies.
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 AMEC Americas Limited has been engaged and has initiated a preliminary economic assessment of the Milestone Potash Project (the “Scoping Studythat AMEC was chosen by the Company because of their experience, proven record and commercial expertise, though final selection was primarily due to their technical expertise within the potash industry; that the preliminary economic assessment will aim to conceptualize the viability of a potash mining operation on the Milestone property; that the Scoping Study will place particular focus on quantifying the expected beneficial effects that the higher Potash formation temperatures measured at Milestone may have on reducing the energy requirements of a Potash operation, so as to estimate potential operating cost savings; that Golder Associates Ltd will assist the Company with environmental baseline studies and the preparation of an Environmental Impact Statement (“EIS”) for the project that the target date for delivery of the Scoping Study is estimated to be toward the end of July of 2010. . 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.