Confederation Minerals is Pleased to Announce 56% Owned Magna Resources Files NI 43-101 Technical Report for the Green River Potash Project

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[{"type":"text","content":"\nConfederation Minerals is Pleased to Announce 56% Owned Magna Resources Files NI 43-101 Technical Report for the Green River Potash Project\n\n(via Thenewswire.ca)\n\n \nVancouver, B.C., July 16, 2012. Confederation Minerals Ltd. (TSXV: CFM) is pleased to report that, further to its news release dated May 30, 2012, 56% owned Magna Resources Ltd. has filed a National Instrument 43-101 compliant technical report entitled \"NI 43-101 Technical Report Green River Potash Project Grand County, Utah, USA\" dated July 10, 2012 with an effective date of June 27, 2012 (the \"Report\").\n\n\n \nKey Highlights of the Report include:\n\n\n \n-600 million - 1 billion tonnes of potash are permissive in the horizon known as Cycle 5, the main exploration target, and is known to host potash at a nearby producing mine;*\n\n\n \n-The Cycle 5 potash bearing horizon has the potential to grade up to 19-29% KCl (potassium chloride) as indicated by down hole gamma ray surveys;\n\n\n \n-The Cycle 5 sedimentary horizon is extensive and very continuous at depth throughout the Company's large 20,620 hectare property; and\n\n\n \n-The Property has excellent infrastructure and year-round access with drilling planned for the fall of 2012 to test the extent, grade and thickness of Cycle 5 within the Property.\n\n\n \nThe Property is situated in the renowned Paradox Basin, host to the same geological setting as the United States' sole solution mining potash operation called Cane Creek. There, the sedimentary bed known as Cycle 5, which underlies and extends throughout the Property, contains the principal potash mineralization that is mined at Cane Creek and is the Company's prime exploration target.\n\n\n \nFor more property and report details, please see Confederation's May 30, 2012 News Release.\n\n\n \n*- the potential quantity and grade is conceptual in nature\n\n\n \n- there has been insufficient exploration to define a mineral resource\n\n\n \n- it is uncertain if further exploration will result in discovery of a mineral resource\n\n\n \nAbout Confederation Minerals\n\n\n \nConfederation Minerals Ltd. is a British Columbia based company engaged in the business of acquisition, exploration and development of mineral properties. Its objective is to locate and develop economic precious and base metals properties of merit. Confederation Minerals Ltd. holds an...

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