Business
Athabasca Potash Inc. Announces Third Quarter Results
SASKATOON, Nov. 14 /CNW/ - Athabasca Potash Inc. ("Athabasca" or the "Company") announces that it...
About this update from Appia Rare Earths & Uranium Corp
[{"type":"text","content":"\n\n\n\nSASKATOON, Nov. 14 /CNW/ - Athabasca Potash Inc. ("Athabasca" or the\n"Company") announces that it has filed the unaudited results of Athabasca's\noperations for the quarter ended September 30, 2008 and may be viewed at\nwww.sedar.com.\n\n\nA summary of key financial and operating results for the quarter are as\nfollows:\n\n\nHighlights\n\n- Indicated Mineral Resource of 241,200,000 tonnes at a grade of 23.3%\n K(2)O containing 89,000,000 tonnes of KCl on the Burr Project based\n on 14 potash test wells. These results included four successful\n potash test wells drilled in the quarter. Athabasca now has an\n adequate resource to begin its pre-feasibility studies on the Burr\n Project.\n\n- The composites for the Lower Patience Lake Sub-member all have\n averaged grades between 20.40 and 25.19% K(2)O and interval\n thicknesses between 4.20 meters and 5.53 meters. These grades and\n thicknesses of the sylvinite mineralization are reasonable and the\n ranges are similar to the average reported values of the grades mined\n at PCS Lanigan.\n\n- In total 5,420 acres of surface lands were acquired within the\n central parts of the Burr Project area, as were an additional\n 640 acres of freehold mineral rights and 3,020 acres of crown lands.\n\n- MDH Engineered Solutions have completed regional hydrogeological\n drilling on the Burr Property as part of a Siting Study which will\n assist in siting the future facilities and shafts. MDH Engineered\n Solutions also have completed a development plan for the Tailings\n Management Area.\n\n- Appointment of James Davidson as Chief Financial Officer.\n\n- Cash and Cash Equivalents of $38,388,163 at September 30, 2008.\n\n- The issued and outstanding shares were 36,903,083 at September 30,\n 2008.\n\n\nBurr Project\n\n\nAthabasca continued to focus on the exploration and development of its\n100% owned Burr Project. During the quarter, AMEC Americas Limited ("AMEC")\nprovided an updated potash mineral resource estimate based on 14 potash test\nwells completed to date on the Burr Project. The Lower Patience Lake\nSub-Member ("LPL") contains Indicated Mineral Resources of 241,200,000 tonnes\nwith a grade of 23.3% K(2)O and an Inferred Mineral Resource of 183,100,000\ntonnes with a grade of 23.2% K(2)O. There is an additional Inferred Mineral\nResource ...