Magna Resources Ltd. (CNSX:MNA) President, Mike Sieb, talks 600 million to a billion tons of potash grading between 19 and 29%.
Magna Resources Ltd. (CNSX:MNA) President, Mike Sieb, spoke to Resource Investing News at the Vancouver Resource Investment Conference about the Green River Potash Project in Utah that has a sizeable exploration target. “And when I talk sizeable… it’s 600 million to a billion tons of potash grading between 19 and 29%.” In 2014, investors can expect drilling of two significant holes, followed by six more, which will be used to complete a mineral resource estimate, and then a preliminary economic assessment.
Magna Resources Ltd. is dedicated to the acquisition and development of potash mineral deposits in the USA and elsewhere. The Company, through a wholly owned subsidiary, American Potash LLC, a Nevada limited liability corporation, holds certain State potash leases and approval of certain federal potash prospecting permits in the State of Utah that constitute the Green River Potash Project, host to a significant potash Exploration Target.