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Western Potash Corp. Completes First Well at Milestone, Three Potash Members Intersected

Western Potash Corp. Completes First Well at Milestone, Three Potash Members Intersected

articleWestern Resources CorpMay 26, 20095/company/western-resources-corp/news/western-potash-corp-completes-first-well-at-milestone-three-potash-members-intersected
Western Potash Corp. Completes First Well at Milestone, Three Potash Members Intersected

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[{"type":"text","content":"\nWestern Potash Corp. Completes First Well at Milestone, Three Potash Members Intersected\n\n\n May 26, 2009 (Baystreet.ca) -- VANCOUVER, BRITISH COLUMBIA -- Western Potash Corp. (the \"Company\") (TSX VENTURE: WPX)(FRANKFURT: AHE) is pleased to announce that it has completed its first potash exploration well on the Milestone property in southern Saskatchewan. The Milestone property, comprising approx. 500 square km, is located approximately 30 km southeast of Regina, and southeast of Mosaic's Belle Plaine Mine, one of the largest producing potash solution mines in the world. The property is immediately adjacent to the Regina Potash Property held by Vale, and potash permits held by BHP-Billiton, and Potash One.\n\nSeismic data confirming the presence of potash prospective salt beds on the eastern portion of the Milestone property, have highlighted a sizeable and attractive new exploration target area amenable to solution mining technologies. The exploration area already has water, power, natural gas and rail infrastructure to serve the project, allowing the transportation of the final product to Vancouver and the Asian markets. \nThe first well, drilled vertically, was drilled to a total depth of 1,776m. Coring commenced at a depth of 1,640m, and intersected the Prairie Evaporite Formation at a depth of 1,657m. A total of 24.5m of potash mineralization was drilled. Visual observation and down hole logging indicate the presence of the following potash members; \nMember From (m) To (m) Thickness (m) Patience Lake 1660 1672 12 Belle Plaine 1674 1679 5 Esterhazy 1697.5 1705 7.5 \nAll potash mineralized zones visually display low carnallite content, a critical factor in developing a solution mine, as increased amounts of carnallite decrease the efficiency of cavern dissolution and potash recovery. Insoluble and clay content are also visually low. \nVisual interpretation of the gamma ray logs from this zone suggests a moderate to strong potash grade within this zone. The logs also indicate minimum formation temperatures of 62 degrees C, confirming the strong heat anomaly described by Holter (1969) underlying the property. Temperature is important because higher formation temperatures improve the potash dissolution process, and reduce heat input required for the injected brines thereby significantly reducing production costs. The temp...

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