Potash

The Wall Street Journal Market Watch reported Magna Resources Ltd., 56% owned Confederation Minerals Ltd., filed the “NI 43-101 Technical Report Green River Potash Project Grand County, Utah, USA” for the Green River potash project.

The Wall Street Journal Market Watch reported Magna Resources Ltd., 56% owned Confederation Minerals Ltd., filed the “NI 43-101 Technical Report Green River Potash Project Grand County, Utah, USA” for the Green River potash project.

As quoted in the report:

Key Highlights of the Report include:

-600 million – 1 billion tonnes of potash are permissive in the horizon known as Cycle 5, the main exploration target, and is known to host potash at a nearby producing mine;

-The Cycle 5 potash bearing horizon has the potential to grade up to 19-29% KCl (potassium chloride) as indicated by down hole gamma ray surveys;

-The Cycle 5 sedimentary horizon is extensive and very continuous at depth throughout the Company’s large 20,620 hectare property; and

-The Property has excellent infrastructure and year-round access with drilling planned for the fall of 2012 to test the extent, grade and thickness of Cycle 5 within the Property.

Click here to read the full Market Watch report.

 

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