Business
Karnalyte Resources Inc. to conduct pre-feasibility study for the production of magnesium compounds
Jul. 19, 2011 (Canada NewsWire Group) -- CALGARY, July 19, 2011 /CNW/ - Karnalyte Resources I...
About this update from Karnalyte Resources Inc.
[{"type":"text","content":"\n\n\n Jul. 19, 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, July 19, 2011 /CNW/ - Karnalyte Resources Inc. ("Karnalyte" or\n the "Corporation") (TSX: KRN) today announced that it has selected\n Lyntek Incorporated ("Lyntek") to perform a NI 43-101 compliant\n pre-feasibility study on magnesium chloride (MgCl2) process streams at the same facility Karnalyte intends to construct\n for potash production. This potash facility is expected to initially\n produce 500,000 tonnes of potash per year and ultimately increase to 2\n million tonnes of potash per year.\n\n\n"The solution mining process we intend to use to extract potash\n resources also recovers magnesium resources, which represents an\n opportunity to produce magnesium products as a second product line,"\n said Robin Phinney, President and CEO of Karnalyte Resources Inc.\n "Karnalyte has recognized this opportunity, and this pre-feasibility\n study is the first step to determining the potential and cost to\n process this magnesium stream."\n\n\nUnder the terms of the contract, Lyntek will delineate the magnesium\n chloride production process flow, determine the equipment requirements\n and provide a capital and operating cost estimate for the production\n stream. Karnalyte anticipates the pre-feasibility study will be\n completed prior to December 31, 2011.\n\n\nIn 2010, the Corporation received a technical report entitled\n "Preliminary Assessment Study, Wy...