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Encanto Improves Resource at Muskowekwan Project
Jun. 03, 2013 09:10AM PST
Potash InvestingEncanto Potash Corp. (TSXV:EPO,OTCQX:ENCTF) announced that after recalculating the geologic data for its Muskowekwan project, the project’s resource has improved.
Encanto Potash Corp. (TSXV:EPO,OTCQX:ENCTF) announced that after recalculating the geologic data for its Muskowekwan project, the project’s resource has improved.
As quoted in the press release:
This reassessed resource continues to add technical confidence to the Muskowekwan Project reserve/resource and the additional 3D data will allow the mine plan to be finalized in the Feasibility Study. This should result in more resource to be converted into Reserves upon issuance of the Feasibility Study currently underway.
Jim Walchuck, president and CEO of Encanto, commented:
The Muskowekwan Project’s proven, probable reserves, combined with our measured and indicated resources could support a mine life in excess of 70 years, assuming an annual production of 2.8 million tonnes per year. The merit of putting this project into production keeps getting stronger with each milestone.
Click here to read the full Encanto Potash Corp. (TSXV:EPO,OTCQX:ENCTF) press release.
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