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Encanto Potash announces positive Ochapowace/Chacachas drill results
TRADING SYMBOL:  TSXV:EPO VANCOUVER , Jan. 23, 2014 /CNW/ - Encanto Potash Cor...
About this update from Encanto Potash Corp.
[{"type":"text","content":"\n\nTRADING SYMBOL:  TSXV:EPO\n\n\n\nVANCOUVER, Jan. 23, 2014 /CNW/ - Encanto Potash Corp. (\"Encanto\" or the \"Company\") (TSXV: EPO and OTCQX: ENCTF) is pleased to announce that results from the well drilled on the Company's second project, the Ochapowace/Chacachas property, have been received. The well was drilled to a depth of 1,307 meters and two potash members were intercepted in the Prairie Evaporite formation which contained the following grades and intercepts: \n\n\n\n\nPotash Member\n\n\nDepth to (m)\n\n\nWidth (m)\n\n\n% K2O\n\n\n% KCl\n\n\n% Carnallite\n\n\n% Insols\n\n\n\nBelle Plaine\n\n\n1,235.1\n\n\n6.30\n\n\n14.3\n\n\n22.7\n\n\n0.5\n\n\n5.5\n\n\n\nEsterhazy\n\n\n1,258.5\n\n\n7.56\n\n\n17.8\n\n\n28.2\n\n\n2.3\n\n\n4.3\n\n\n\n\n1)\n\n\nResults completed by North Rim Consulting of Saskatoon\n\n\n\n2)\n\n\nAll results reported are weighted averages.\n\n\"The strong assay results obtained from drilling this well justify the initiation of a resource review for the Ochapowace/Chacachas property. The review may include the calculation of a resource estimate utilizing the well assay information along with the 3D Seismic data which was shot on the property previously,\" stated Encanto President and CEO, Jim Walchuck. Approximately 16 square miles, or 10,200 acres of the 55,000 acres, have been covered by the 3D seismic program. \n\nAs per the terms of the joint venture with Hamad Al-Wazzan, a director of the Company, announced on October 10, 2013, the final payment has been sent and thus completes the 80% earn-in of the Ochapowace Project by Hamad Al-Wazzan. The Company expects the resource report on this second project to be available for release in Q2/2014.\n\nThe technical content of this news release has been reviewed by James Walchuck, a qualified person as defined by NI 43-101.\n\nAbout Encanto:\n\nEncanto Potash Corp. is a TSX Venture Exchange listed and OTCQX traded Canadian resource company engaged in the development of potash properties in the Province of Saskatchewan, Canada, the largest producing potash region in the world. Through a joint venture agreement with Muskowekwan First Nation and Muskowekwan Resources Ltd. (\"MFN JV\") on our flagship property, Encanto has a project land package which totals approximately 61,000 largely contiguous acres. A Pre-Feasibility Study dated February 28 2013 titled \"...