IC Potash Corp. (TSX:ICP,OTCQX:ICPTF) provided an update on the advancement of its Ochoa Sulphate of Potash Project in Lea County, New Mexico. The Feasibility Study is scheduled to be completed in September 2013.
As quoted in the press release:
Geotechnical Drilling Program
ICP continued geotechnical drill work to investigate soil and rock mechanics in the Ochoa Project mine plan, completing 33 shallow bore holes, 45 test pits and seismic refraction traverses to characterize the subsurface geologic conditions.
Mineral Process Engineering
ICP’s Technical Team has also advanced test work for mineral processing. Together with SLI, HPD and Hazen Research, ICP evaluated equipment sizing and selection to optimize the Process Flow Diagram, which was frozen in August 2012, to ensure production of high quality, low cost SOP.
ICP’s environmental permitting remains on track for the Environmental Impact Statement to be published in the third quarter of 2013, with a Record of Decision documenting approval of the Ochoa Project by the U.S. Department of Interior, Bureau of Land Management (BLM) anticipated on or before the end of March 2014.
IC Potash President and CEO Sidney Himmel said:
IC Potash has made tremendous progress on several mission-critical fronts, reaffirming our confidence that the Ochoa Project Feasibility Study will be completed, on schedule and on budget, within the next four months. Moreover, with the completion of the Feasibility Study, we believe that ICP will be positioned to become one of the lowest cost producers of SOP in the world.
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