Business
Encanto Potash Corp. announces engagement of North Rim Exploration Ltd.
Encanto Potash Corp. announces engagement of North Rim Exploration Ltd.
About this update from Encanto Potash Corp.
[{"type":"text","content":"\n\n\n\n Jul. 29, 2010 (Canada NewsWire Group) -- \n \n \n Trading Symbol: TSXV EPO.V\n\nVANCOUVER, July 29 /CNW/ - Encanto Potash Corp. ("Encanto" or the "Company") is pleased to announce the engagement of North Rim Exploration Ltd. ("North Rim"), of Saskatoon, Saskatchewan for the purpose of reviewing drill hole and seismic data and calculating an anticipated potash resource on the Company's potash project located in the Prairie Evaporite Basin of Saskatchewan, Canada.\nNorth Rim's area of expertise is subsurface geology, which includes the examination of geophysical date in order to create an integrated geological and/or resource interpretation. Since 1984 North Rim has been in the business of providing expertise to mining companies for design and management of drilling programs including the technical support and due diligence required in order to advance strategic exploration projects through to the development stage. To date North Rim has been engaged to work on more than 100 potash and evaporate projects.\nEncanto is currently preparing a report summarizing the results of the recent drilling campaign as well as the 3D seismic programs received to date. The report is expected to be completed by mid-August. Compilation of these 3D results has taken longer than anticipated, primarily due to permitting issues which delayed shooting until winter, one of the harshest ever recorded, which resulted in shooting seismic well into spring break-up.\nEncanto anticipates that with North Rim's input, additional drill hole locations will be determined by mid-August. The Company will then apply for drill permits and anticipates the commencement of drilling in early September. Encanto plans to simultaneously use two drills to accelerate the drill program. Each hole will take approximately three weeks to drill with potential assays expected approximately two weeks after completion of the drill program. A resource calculation is then expected for late November.\nPresident and CEO James Walchuck commented "This stage of the Company's exploration activities will provide management with the information required to advance our Muskowekwan potash property significantly over the next few months. The anticipated Q4 resource calculation for Muskowekwan is still on schedule."\n\nAbout Encanto:\n\nEncanto Potash...