Business
Encanto Potash announces filing of NI 43-101 on SEDAR
TRADING SYMBOL:  TSXV:EPO VANCOUVER, May 10, 2012 /CNW/ - Encanto Potash Corp. (...
About this update from Encanto Potash Corp.
[{"type":"text","content":"\n\n\n\n\n\nTRADING SYMBOL:  TSXV:EPO\n\n\nVANCOUVER, May 10, 2012 /CNW/ - Encanto Potash Corp. (\"Encanto\" or the\n \"Company\") (TSXV: EPO and OTCQX: ENCTF) is pleased to announce the\n filing on SEDAR of the NI 43-101 May 9, 2012 Technical Report titled\n 2012 Potash Resource Assessment for The Muskowekwan First Nations Home\n Reserve Project prepared by North Rim Exploration Ltd. (\"North Rim\") of\n Saskatoon, Saskatchewan on the Company's Muskowekwan project situated\n on the Muskowekwan First Nation (\"MFN\") lands in Saskatchewan.\n\n\nThe Company filed an updated NI 43-101 compliant Mineral Resource\n Estimate first announced on March 26, 2012, prepared based on the\n solution mining extraction method. The resource for the proposed\n solution mining intervals (not including the Interbed Salt) has been\n calculated as follows:\n\n\n• Measured Resource: 272.6 MMt in place sylvinite grading 29.6% KCl or\n 18.7% K2O (26.9 MMt of recoverable KCl, or 17.0 MMt of recoverable K2O)\n and\n\n\n• Indicated Resource: 1,049.3 MMt in place sylvinite grading 29.7% KCl\n or 18.8% K2O (103.8 MMt of recoverable KCl, or 65.6 MMt recoverable\n K2O) and\n\n\n• Inferred Resource: 2,496.4 MMt in place sylvinite grading 28.3% KCl or\n 17.9% K2O (234.7 MMt of recoverable KCl, or 148.3 MMt of recoverable\n K2O).\n\n\nThe current resource supports a 52 year mine life based only on the\n Measured and Indicated resources at a 2.5 MMt/yr production rate.  The\n Company plans on significantly increasing this resource life and\n potentially the production rate to 5 MMt/yr by converting the Inferred\n resource to Measured and Indicated and adding new tonnage as detailed\n in the March 26, 2012 release.  The Company has filed a PEA dated\n September 27, 2011 based solely on the Muskowekwan First Nation Home\n Reserve of 15, 500 acres.  Mineral resources that are not mineral\n reserves do not have demonstrated economic viability.\n\n\nEncanto has hired Novopro Projects of Montreal, Canada to provide\n engineering services for its pre-feasibility study (\"PFS\") on the\n Muskowekwan Potash Property in Saskatchewan. The Company is in receipt\n of the PFS Study Schedule and plans to release further information as\n future milestones are met.\n\n\nAbout Encanto:\n\n\nEncanto Potash Corp. is a TSX Venture Exchang...