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Gensource Announces Results of a Preliminary Seismic Review at Its Lazlo Project and Discusses Next Steps
SASKATOON, Saskatchewan / ACCESSWIRE / June 23, 2014 / Gensource Potash Corporation (“...
About this update from Gensource Potash Corp.
[{"type":"text","content":"Gensource Announces Results of a Preliminary Seismic Review at Its Lazlo Project and Discusses Next StepsSASKATOON, Saskatchewan / ACCESSWIRE / June 23, 2014 / Gensource Potash Corporation (“Gensource” or the “Company”) (TSX.V: GSP) is pleased to announce that it has completed an initial seismic review of portions of the Lazlo project area and the results are positive – confirming the data available in historical well logs and also confirming Gensource’s general view of the Lazlo area with respect to potash bed presence, total Prairie salt thickness and depth to Prairie salt.\nGensource initiated a program to purchase and re-interpret existing trade data within the Lazlo project area in March 2014. Boyd Exploration Consultants Ltd. (a wholly owned subsidiary of RPS Energy Canada Ltd.) was contracted by Gensource to provide project management, seismic interpretation and reporting services. Boyd purchased, on behalf of Gensource, some 19km of data of recent vintage in the area of interest. Additionally, 10km of older data in the area was purchased, reprocessed, and interpreted to provide corroborating information.\nThe data showed that the Prairie Salt in the area of interest was of full thickness and continuous over the area of data. The data also showed the general location of underlying Winnipegosis mounds and further confirmed several key requirements in overlying strata. This interpretation led to the identification of several locations where an initial confirmatory drill hole could be sited. \nGensource’s President & CEO, Mike Ferguson, P.Eng., indicated “the results of the seismic interpretation confirms our understanding of the Prairie Evaporite Formation in the Lazlo area. Lazlo was chosen as our area of focus due to the expertise and understanding of the potash deposit within Gensource in what has been called the “Davidson Sub-basin”. We are very pleased that the seismic data analysis in the area confirms our view of the local geology as accurate and that the area is prospective in its ability to host new potash developments. We will continue to define and confirm the potash endowment in the Lazlo project area and issue a revised 43-101 report following a planned confirmation drill hole”.\nGensource has laid out a clear set of project parame...