www.westernpotash.com
Western Potash Corp is Junior Potash Mining Company focused on building Canada's most Efficient Potash Solution Mine. After receiving a positive Pre-liminary Economic Assessment at Milestone, Sask. the Company is now proceeding toward a Feasibility Study.
Western Potash to begin feasibility study process for Milestone project in Saskatchewan
Vancouver-based Western Potash Corp (TSX-V:WPX) said Wednesday that it has begun the feasibility study process for its Milestone potash project in Saskatchewan.
The company said the process will begin with a prefeasibility study, for which it has hired AMEC Americas as the lead engineering consultant.
The scope of the first study, which is due in the fourth quarter, will include prefeasibility level engineering for all facets of the project required in order to reach the target plant capacity.
Both primary and secondary cavern production will be included in the solution mining methodology, Western Potash said.
The pre-feasibility report will also include an updated NI 43-101 resource calculation, which will include additional Crown and private mineral rights acquired by the company.
"We are pleased to get the feasibility process underway and we are confident that this process will continue to de-risk what management believes to be one of the largest and best Tier 1 potash, greenfield, solution deposits, still available in the world today," said president and CEO Patricio Varas.
Western Potash also said that the environmental impact study for the project is anticipated to be submitted in the third quarter of 2012.
The Milestone property, comprising 500 square kilometers, is located 30 kilometers southeast of Regina, and southeast of Mosaic's Belle Plaine Mine, one of the largest producing potash solution mines in the world.
AMEC previously completed the Milestone scoping study in September last year, which confirmed the asset is of sufficient size and grade to support solution mining for more than forty years at a production rate of 2.5Mt/yr.
