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Gensource Potash Corp.
Summary
| Project: | Vanguard | |
|---|---|---|
| Deposit: | Vanguard One | |
| Location: | Canada | |
| Commodities: | Potash | |
| Date: | 2/26/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Feasibility Study | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 26-2-2018: Gensource Potash Corp. announces a Feasibility Study report for its Vanguard One deposit at the Vanguard project. Amended and restated technical report for the Vanguard One project. Gensource Potash Corporation (Gensource) is advancing the deve | |
| Resources: | (Resource): 144.94Mt KCl @ 40% recovery (Ind.) and 329.73Mt KCl @ 40% recovery (Inf.) at project | |
| CP/QP: | [Overall Report]: Louis Fourie (Terra Modelling Services Inc.) | |
| ABSTRACT: | Gensource Potash Corporation (Gensource) is advancing the development of a vertically integrated, small-scale, potash production facility in its “Vanguard Area”. The Vanguard Area is comprised of potash leases KL244 and KL245, which are 100% owned by Gensource. These leases are in south-central Saskatchewan, and surround the villages of Tugaske and Eyebrow in Rural Municipality (RM) No. 223 of Huron and RM No. 193 of Eyebrow, respectively. The Vanguard One Project (the Project), is the first “module” to be developed by Gensource in the Vanguard Area, and is being designed to produce 250,000 tonnes per year of saleable potash. In the fall of 2016, a Feasibility Study (FS) was initiated as the next step in developing the Vanguard One Project. This NI 43-101 Technical Report discusses the results of the FS. The preferred site location and well field for the Vanguard One Project have been chosen, and land purchase for the plant site is imminent. The Project will be sited within Township 22, Range 02 west of the Third Meridian (W3M) within Gensource’s KL245 Lease. This is approximately 4.8 kilometres (km) (3 miles) south, and 4.8 km (3 miles) east, of Tugaske. The Project is situated near the essential utilities and infrastructure required for an industrial project, including rail, roads, natural gas, power, etc. See Figure 1 for the Vanguard Area and Project Location map. The Project area is approximately 170 km south of Saskatoon and 150 km north-west of Regina (Saskatchewan’s two largest cities), with the closest major city being Moose Jaw, which is approximately 70 km to the south-east. | |
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