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IC Potash Announces 20% Increase in Measured and Indicated Mineral Resources
Oct. 13, 2011 09:28PM PST
Potash InvestingIC Potash Corp. (TSX:ICP,OTCQX:ICPTF) announced it has increased its resource at the Ochoa project.
IC Potash Corp. (TSX:ICP,OTCQX:ICPTF) announced it has increased its resource at the Ochoa project.
As quoted in the press release:
The total resources for the Ochoa project now stand at nearly 840 million tons of high grade polyhalite. The resources span an area approximately 80 square miles at a minimum five foot thickness, 80% or greater polyhalite grade, and more than 22% K2SO4 content. This translates into more than 190 million tons of SOP contained within the ore, which currently sells for $700 per ton in the US.
IC Potash’s President and CEO, Sidney Himmel said:
“We have defined a world class mineral deposit with an extremely continuous thickness, constant grade, and low dip. This positions our Ochoa project as a low cost and long life mine, which we intend to integrate with a scalable processing facility to produce SOP, the world’s premium price potash.”
Click here to read the IC Potash Corp. (TSX:ICP) press release.