Business
Encanto Potash Announces Completion of Ochapowace Well
TRADING SYMBOL:  TSXV:EPO VANCOUVER , Jan. 14, 2014 /CNW/ - Encanto Potash Co...
About this update from Encanto Potash Corp.
[{"type":"text","content":"\n\n\nTRADING SYMBOL:  TSXV:EPO\n\n\nVANCOUVER, Jan. 14, 2014 /CNW/ - Encanto Potash Corp. (\"Encanto\" or the\n \"Company\") (TSXV: EPO and OTCQX: ENCTF) announces that the drilling of\n a new well has been completed on the Company's second project, the\n Ochapowace/Chacachas property. The total depth of the hole was\n approximately 1350 metres and company drillers have cored +/- 80 meters\n of the Prairie Evaporite formation. Analysis of the core is being\n performed by North Rim Consulting of Saskatoon and is expected to be\n completed in early February, 2014.\n\n\n\"We're pleased to be executing confirmatory drilling on the\n Ochapowace/Chacachas property to determine the grade of potash at\n depth. Encanto remains focused on our flagship Muskowekwan project,\n however this second project remains very important to Encanto and its\n partners, including the First Nations and surrounding community and\n Encanto continues to maintain the asset in good standing through\n on-going exploration efforts\" stated Encanto CEO and President, Jim\n Walchuck.\n\n\nAbout Encanto:\nEncanto Potash Corp. is a TSX Venture Exchange listed and OTCQX traded\n Canadian resource company engaged in the development of potash\n properties in the Province of Saskatchewan, Canada, the largest\n producing potash region in the world. Through a joint venture agreement\n with Muskowekwan Resources Ltd. (\"MFN JV\") on our flagship property,\n Encanto has a project land package which totals approximately 61,000\n largely contiguous acres. A Pre-Feasibility Study dated February 28\n 2013 titled \"Encanto Potash Corp. Technical Report Summarizing the\n Preliminary Feasibility Study for the Muskowekwan First Nations Home\n Reserve Project in South Eastern Saskatchewan, Canada\" confirms the\n Proven & Probable KCI Reserves totaling 162 MMt grading 28% which\n supports primary and secondary mining for over 50 years at an assumed\n annual rate extraction rate of 2.8 million tonnes.\n\n\nThe Company has an interest in two additional potash properties in\n Saskatchewan: 20% interest in the 55,000 acre Ochapowace/Chacachas\n property and 100% interest in the 55,437 acre Spar property.\n\n\nEncanto is currently exploring domestic & international strategic\n partnerships for the financing, development and sale of potash\n production from its MFN JV Proper...