Potash Ridge Corporation (“Potash Ridge” or the “Corporation”) (TSX: PRK) is pleased to announce it has published a revision to an independent NI 43-101 compliant Prefeasibility Technical Report for the Corporation’s Blawn Mountain Project in Utah (“Blawn Mountain”) dated January 18, 2017 (the “January 2017 PFS”). This updated NI 43-101 Prefeasibility Technical Report (the “April 2017 PFS”) includes Alumina Resources from alunite contained in the tailings and was prepared by Millcreek Mining Group and Resource Development Inc.
Based on the April 2017 PFS, Blawn Mountain contains 19.4 million tons of measured and indicated alumina Resources contained in the alunite ore.
The United States Geological Survey reports that in 2015, bauxite which is 50% alumina and 50% other materials, sold for US$28 per ton in the United States, while processed alumina sold for US$410 per ton.
Based on the recommendations from the April 2017 PFS, Potash Ridge intends to undertake additional metallurgical testing to determine the most economic means to extract alumina from the residual waste material.
The April 2017 PFS will be posted on the Corporation’s website (www.potashridge.com) and on SEDAR (www.sedar.com).