Business
KARNALYTE RESOURCES INC. RECEIVES SEVEN DRILLING LICENSES FOR THE WYNYARD CARNALLITE PROJECT
Apr. 7, 2011 (Canada NewsWire Group) -- CALGARY, April 7 /CNW/ - Karnalyte Resources Inc. (&q...
About this update from Karnalyte Resources Inc.
[{"type":"text","content":"\n\n\n Apr. 7, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nCALGARY, April 7 /CNW/ - Karnalyte Resources Inc. ("Karnalyte" or the\n "Corporation") (TSX: KRN) today announced that it has received seven\n drilling licenses from the Province of Saskatchewan, permitting\n additional drilling and exploration of the Corporation's potash\n resources on the area covered by the Corporation's Subsurface Mineral\n Permit KP 360A ("Permit KP360") and the Subsurface Mineral Lease KLSA\n 010, located near Wynyard Saskatchewan (the "Karnalyte Property").  The\n seven targets have been selected based on existing 3D seismic\n information and are located outside of the current development area\n expected to produce 2 million tonnes of potash per year. \n\n\n"Karnalyte intends to delineate its lease and permit holdings as it\n progresses towards construction of a potash facility.  These seven\n drilling licenses enable Karnalyte to explore high-potential targets\n and potentially enhance our resource base," said Robin Phinney,\n President and CEO of the Corporation.  "We believe the new drilling and\n exploration activities could help identify significant potash resources\n in addition to the mineral resource estimates already indentified in\n the preliminary assessment."\n\n\nTo date, the Corporation has conducted advanced exploration on an area\n covering only approximately 7.5% of the Karnalyte Property.  I...