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Gensource Potash Corp.
Summary
| Project: | Vanguard | |
|---|---|---|
| Deposit: | Vanguard | |
| Location: | Canada | |
| Commodities: | Potash | |
| Date: | 1/11/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 11-1-2017: Gensource Potash Corp. announces an Exploration/Drilling Update report for its Vanguard deposit at the Vanguard project. Assay data from Well #1 incl. 14.4m @ 33.9% KCl. SASKATOON, Saskatchewan--(BUSINESS WIRE)--January 11, 2017--Gensource Pota | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Louis Fourie (Terra Modelling Services Inc.) | |
| ABSTRACT: | SASKATOON, Saskatchewan--(BUSINESS WIRE)--January 11, 2017--Gensource Potash Corporation (“Gensource” or the “Company”) (TSX.V: GSP) is pleased to advise that it has received assay results from Well #1 of its two-well drilling program on its 100% owned Vanguard project area. The current two well program will complement and build upon two previous wells drilled on the property in 2012. Mike Ferguson, Gensource’s President & CEO commented: “We are very pleased to report that grades and thicknesses in Well #1 have been confirmed and meet expectations. Previous wells drilled in the area (2012) showed excellent mineralization and we had hopes that our new wells would compare favourably. In fact, Well #1 does provide evidence of consistency of resource from the earlier wells and confirms consistency of both grade and thicknesses of the prairie evaporative members. This confirms the potential extraction potential (tonnes of final sellable potash product per square mile) that has been used in studies todate, representing cost-efficient drilling and mining using our selective dissolution technique. We are excited to see these results and look forward to completing the assay work on Well #2. Once all the assay data is received, we will work towards an updated Resource Report.” Over 200 samples were selected from the 33+ meters of sylvinite-bearing core, representing all three members of the prairie evaporite formation. The samples were assayed by SRC Geoanalytical Laboratories, an ISO 17025 accredited testing facility in Saskatoon. | |
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