Business
Encanto announces agreement on large new potash property
Trading Symbol: TSXV EPO.V VANCOUVER, Sept. 10 /CNW/ - Encanto Potash Corp. ("Encanto" or the "Co...
About this update from Encanto Potash Corp.
[{"type":"text","content":"\n\n\n\nTrading Symbol: TSXV EPO.V\n\n\nVANCOUVER, Sept. 10 /CNW/ - Encanto Potash Corp. ("Encanto" or the\n"Company") is pleased to announce that it has signed an Exploration\nParticipation Agreement (EPA) with the Muskowekwan First Nations in\nSaskatchewan. The Muskowekwan EPA lands are located approximately 100\nkilometres north of Regina, and consist of 43,000 acres of gentle rolling\nplains.\n\n\nSeveral oil wells drilled all around the Muskowekwan EPA lands have shown\npotash beds are regionally present in the stratigraphy.\n\n\n"I want to thank the Muskowekwan First Nations for having confidence in\nus to develop these lands," said Encanto's Chief Executive Officer James\nWalchuck. "We believe that this land package is large enough that it could\nsupport a mine if we find enough economic mineralization. Our team is\nmobilized and ready to move forward on the lands contained in the Muskowekwan\nEPA."\n\n\nEncanto plans to start a 2D seismic survey on the EPA lands as soon as\nthe necessary permits are obtained. Encanto anticipates that the Indian and\nNorthern Affairs Canada (INAC) permits will be issued within two weeks.\n\n\nThis is seventh EPA that Encanto has signed with First Nations in\nSaskatchewan, totaling approximately 187,000 acres. This does not include the\nSpar Property that has recently been purchased from Raytec Metals.\n\n\nAbout Encanto:\n\n\nEncanto Potash Corp. is a TSX Venture Exchange-listed Canadian resource\ncompany engaged in the exploration and development of potash properties in the\nProvince of Saskatchewan, Canada - the largest producing region for potash in\nthe world. Encanto has agreements with seven First Nations Peoples to assist\nthem in developing potash resources on their lands, which are located within a\nradius of about 80 kilometres, and cover an aggregate area of over 76,000\nhectares in South-Eastern Saskatchewan. In addition, Raytec currently holds\nover 72,800 hectares of potash permits in Saskatchewan.\n\n\nTo find out more about Encanto Potash Corp., please visit the company\nwebsite at www.encantopotash.com or review the documents filed on\nwww.sedar.com.\n\n\nON BEHALF OF THE BOARD OF DIRECTORS\n\n "James Walchuck"\nPer:\n ----------------\n James Walchuck\n President and CEO\n\n\nNEITHER THE TSX VENTURE EXCHANGE NOR ITS REGUL...