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Potash Corporation of Saskatchewan Inc.
Summary
| Project: | Cory | |
|---|---|---|
| Deposit: | Cory | |
| Location: | Canada | |
| Commodities: | Potash | |
| Date: | 2/24/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 24-2-2017: Potash Corporation of Saskatchewan Inc. announces a Resource Estimation report for its Cory deposit at the Cory project. Updated mineral resources and ore reserves. Potash Corporation of Saskatchewan Inc. (PCS, PotashCorp, or the Company) is th | |
| Resources: | (Reserve, P+P): 252Mt @ 22.8% K2OEq at Cory | |
| CP/QP: | [Resources]: Mark Fracchia (Internal) | |
| ABSTRACT: | Potash Corporation of Saskatchewan Inc. (PCS, PotashCorp, or the Company) is the world’s largest integrated fertilizer and related industrial and feed products company. We produce the three primary plant nutrients: potash, phosphate and nitrogen. Our products serve customers on six continents. PotashCorp owns and operates a potash mine at Cory, Saskatchewan, Canada (PCS Potash Cory Division, or Cory mine, shown in Figure 1). The Cory Crown Potash Mining Lease is numbered KL 103B. Production of potash from the Cory mine began in 1968. The purpose of this document is to give a formal reporting of potash mineral reserves and resources for PCS Potash Cory Division, and to provide a description of the method used to compute potash resource and reserve tonnages. With respect to mineral resources estimates, exploration drilling demonstrates the presence of the potash horizon and seismic coverage shows the continuity of the Prairie Evaporite, within which the potash horizon occurs. In the time period since production began in 1968 no surface exploration drilling was undertaken at Cory (i.e.- not one borehole was drilled from surface to test the potash horizon). Instead, exploration involved collecting more and more surface seismic data, which got better in quality year by year. Along with this approach, analysis of in-mine samples for potash grade has provided us with actual observation-based understanding of the potash mineralized zone at Cory that is far superior to the level of understanding provided by any surface drilling based exploration program. We feel that our approach provides a body of information that guides and constrains our exploration inferences in a much better way than could be achieved from any conventional exploration investigation in areas immediately surrounding, and contiguous to, the Cory potash mine. | |
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