Gensource Provides Updated Technical Report for Lazlo

Gensource Potash Corporation (TSX:GSP) announced an updated NI 43-101 technical report on its Lazlo project has been completed. The report includes the next steps for development at Lazlo, provides an extensive review of the regional geology and defines the “exploration target” tonnage range for the project.

As quoted in the company news:

Based on the 4,322 acres in the project area for which Gensource has lease agreements for mineral rights, the report estimates the following potential tonnage and grade ranges for the Patience Lake, Belle Plaine and Esterhazy Members of Prairie Evaporite Formation:

• Patience Lake Member: from 10 m to 18 m yielding mineralization ranging from 346 million tonnes (Mt) sylvinite grading 15% K2O to 662-Mt sylvinite grading 22.3% K2O;
• Belle Plaine Member: from 9 m to 10 m yielding mineralization ranging from 324-Mt sylvinite grading 15% K2O to 368-Mt sylvinite grading 19.9% K2O; and
• Esterhazy Member: from 4.5 m to 10 m yielding mineralization ranging from 167-Mt sylvinite grading 15% K2O to 378-Mt sylvinite grading 15.7% K2O.

Mike Ferguson, president and CEO of Gensource, commented:

The updated 43-101 represents the next step for Gensource in the development of our Lazlo Project. From the historical data available, we know that Lazlo is prospective for a potash resource and this report provides support in that regard. In addition, the report provides geological insights and identifies targets for the next-stage drilling and resource definition work on the project. On the basis of the report, Gensource will confirm a location for a confirmation well and begin planning for drilling, coring, assay and resource definition work.

Click here to read the full Gensource Potash Corporation (TSX:GSP) press release.