Confederation Minerals is Pleased to Announce 56% Owned Magna Resources Receives Third Drill Permit and Submits Exploration Plan, Green River Potash Project, Utah

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[{"type":"text","content":"\nConfederation Minerals is Pleased to Announce 56% Owned Magna Resources Receives Third Drill Permit and Submits Exploration Plan, Green River Potash Project, Utah\n\n(via Thenewswire.ca)\n\n \nVancouver, B.C., September 13, 2012. Confederation Minerals Ltd. (TSX VENTURE: CFM.V) is pleased to report that American Potash LLC (\"American Potash\"), a wholly owned subsidiary of 56% owned Magna Resources Ltd. (\"Magna\" or the \"Company\"), has received final approval from the State of Utah to commence drilling on three of its State leases which form part of the 100% owned Green River Potash Project (the \"Property\") in Utah's renowned Paradox Basin.\n\n\n \nKey highlights include:\n\n\n \n-To date, 3 drill permits granted on State leases;\n\n\n \n-Proposed drill holes in vicinity of historic 24.3% eKCl* over 5.9m and 26.4% eKCl over 3.4m intercepts;\n\n\n \n-Exploration Plan submitted to BLM initiates review process towards the granting of prospecting permits on Federal Lands;\n\n\n \n-Property contains a 600 million - 1 billion tonne potash NI 43-101 Exploration Target** with Cycle 5, the main target, known to host potash at a nearby producing mine; and\n\n\n \n-Drilling is planned for early 2013 on the State Leases to test the extent, grade and thickness of Cycle 5 within the Property.\n\n\n \nState Lease Drill Permits\n\n\n \nStratigraphic test wells have been designed to test the Cycle 5 potash evaporite horizon in the northwest portion of the Green River Potash Project on select Utah State leases. To date, three drill permits have been granted.\n\n\n \nThe first drill hole to receive final approval (as announced in Company press release dated March 28, 2012) is \"Duma Point\" targeting the Cycle 5 potash zone proximal to the historic Shell Quintana Fed 1-1 well that intercepted 5.9 m (19.4 feet) of potash mineralization grading 24.3% eKCl* (*the prefix 'e' in eKCl indicates that the grade was estimated utilizing the response from the gamma ray log surveys and was not measured from chemical analysis of the core).\n\n\n \nThe other two drill holes to receive final approval are \"Ten Mile\" and \"Mineral Springs\", situated 5 kms (3 miles) to the SW and 8 kms (5 miles) to the South respectively from \"Duma Point\", that straddle the historic Federal 1-26 well that intercepted 3.4 m (11.2 feet) of potash mineralization grading 2...

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