ENCANTO ANNOUNCES ASSAY RESULTS FROM THIRD AND FOURTH WELLS
TRADING SYMBOL: TSXV EPO.V
VANCOUVER, Dec. 8 /CNW/ - Encanto Potash Corp. ("Encanto" or the "Company") is pleased to report the assay results from its 15-14-27-16W2 and 15-16-27-15W2 wells. These are the third and fourth wells in the Company's 2010 delineation drilling program on its Muskowekwan property in Saskatchewan. Encanto has now drilled a total of five wells on this permit. The drill program is now complete.
The thicknesses and assay grades from these holes as reported below are generally consistent with all the previous wells drilled on this lease. For comparative purposes the previously announced hole results have also been disclosed below these current results.
15-14-27-16W2 Results:
Member | Depth to Top | Thickness Meters | Percent (Weighted Average) | |||
K2O | KCl | Carnallite | Insolubles | |||
Patience Lake | 1218.51 m | 2.73 | 30.60 | 48.44 | 0.43 | 9.31 |
Belle Plaine | 1229.47 m | 3.85 | 25.21 | 39.90 | 0.44 | 3.46 |
Esterhazy | 1261.96 m | 2.36 | 11.49 | 18.19 | 0.18 | 0.65 |
15-16-27-15w2 Results:
Member | Depth to Top | Thickness Meters | Percent (Weighted Average) | |||
K2O | KCl | Carnallite | Insolubles | |||
Patience Lake | 1183.19 m | 2.99 | 27.00 | 42.74 | 0.49 | 9.10 |
Belle Plaine | 1192.72 m | 4.11 | 24.79 | 39.24 | 3.92 | 7.28 |
Esterhazy | 1225.67 m | 4.60 | 17.65 | 27.94 | 9.14 | 1.07 |
CEO Jim Walchuck states, "Consistent grades and thicknesses have been demonstrated by these five wells to extend laterally at least six miles. Combined with the responses seen on our sixty-three square mile 3D seismic survey we are optimistic that this will result in a significant resource in our upcoming NI 43-101 report. We expect the NI 43-101 report to be completed by late January/early February 2011. It is encouraging that our assay grades and thicknesses are similar or better than the published grades from other Canadian producing mines."
11-18-27-15W2 Results (November 22, 2010 Press Release):
Member | Depth to Top | Thickness Meters | Percent (Weighted Average) | |||
K2O | KCl | Carnallite | Insolubles | |||
Patience Lake | 1183.79 m | 3.31 | 22.22 | 35.16 | 0.53 | 12.10 |
Belle Plaine | 1194.59 m | 3.66 | 26.19 | 41.46 | 0.52 | 5.41 |
Esterhazy | 1226.44m | 2.56 | 22.25 | 35.22 | 10.36 | 1.71 |
7-2-27-15W2 Results (November 5, 2010 Press Release):
Member | Depth to Top | Thickness Meters | Percent (Weighted Average) | |||
K2O | KCl | Carnallite | Insolubles | |||
Patience Lake | 1187.64 m | 3.43 | 25.31 | 40.06 | 0.65 | 8.97 |
Belle Plaine | 1197.52 m | 5.10 | 23.85 | 37.75 | 0.57 | 4.92 |
Esterhazy | 1231.55 m | 2.06 | 23.70 | 37.51 | 0.30 | 1.44 |
2-9-27-15W2 Results (February 2, 2010 Press Release):
Member | Depth to Top | Thickness Meters | Percent (Weighted Average) | |||
K2O | KCl | Carnallite | Insolubles | |||
Patience Lake | 1193.60 m | 3.64 | 25.24 | 39.95 | 0.08 | 10.23 |
Belle Plaine | 1203.38 m | 2.43 | 25.48 | 40.33 | 0.09 | 5.45 |
Esterhazy | 1237.63 m | 5.34 | 12.36 | 19.56 | 5.84 | 1.39 |
The technical content and assay results in this news release has been read and approved by Tabetha A. Stirrett, P. Geo., of North Rim Exploration, a consultant to Encanto Potash Corp. Tabetha Stirrett is a Professional Geologist registered in the province of Saskatchewan and is a Qualified Person as defined by NI 43-101.
About Encanto:
Encanto Potash Corp. is a TSX Venture Exchange-listed Canadian resource company engaged in the exploration and development of potash properties in the Province of Saskatchewan, Canada, the largest producing region for potash in the world.
For additional information about Encanto Potash Corp., please visit the Company's website at www.encantopotash.com or review the Company's documents filed on www.sedar.com.
ON BEHALF OF THE BOARD OF DIRECTORS | |
Per: |
"James Walchuck" ____________________________ James Walchuck President and CEO |
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
THE FOREGOING INFORMATION MAY CONTAIN FORWARD-LOOKING INFORMATION RELATING TO THE FUTURE PERFORMANCE OF THE COMPANY. FORWARD LOOKING INFORMATION IS SUBJECT TO A NUMBER OF KNOWN AND UNKNOWN RISKS, UNCERTAINTIES AND OTHER FACTORS THAT MAY CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE ANTICIPATED IN OUR FORWARD LOOKING STATEMENTS. SUCH RISKS AND OTHER FACTORS INCLUDE, AMONG OTHERS, THE ACTUAL RESULTS OF EXPLORATION ACTIVITIES, CHANGES IN WORLD COMMODITY MARKETS OR EQUITY MARKETS, THE RISKS OF THE MINING INDUSTRY INCLUDING, WITHOUT LIMITATION, THOSE ASSOCIATED WITH THE ENVIRONMENT, DELAYS IN OBTAINING GOVERNMENTAL APPROVALS, PERMITS OR FINANCING OR IN THE COMPLETION OF DEVELOPMENT OR CONSTRUCTION ACTIVITIES, TITLE DISPUTES, CHANGE IN GOVERNMENT AND CHANGES TO REGULATIONS AFFECTING THE MINING INDUSTRY, AND OTHER RISKS AND UNCERTAINTIES DETAILED FROM TIME TO TIME IN THE COMPANY'S FILINGS WITH THE CANADIAN SECURITIES ADMINISTRATORS (AVAILABLE AT WWW.SEDAR.COM). FORWARD-LOOKING STATEMENTS ARE MADE BASED ON VARIOUS ASSUMPTIONS AND ON MANAGEMENT'S BELIEFS, ESTIMATES AND OPINIONS ON THE DATE THE STATEMENTS ARE MADE. SHOULD ONE OR MORE OF THESE RISKS AND UNCERTAINTIES MATERIALIZE, OR SHOULD UNDERLYING ASSUMPTIONS PROVE INCORRECT, ACTUAL RESULTS MAY VARY MATERIALLY FROM THOSE DESCRIBED IN THE FORWARD-LOOKING INFORMATION CONTAINED HEREIN. THE COMPANY UNDERTAKES NO OBLIGATION TO UPDATE FORWARD-LOOKING STATEMENTS IF THESE ASSUMPTIONS, BELIEFS, ESTIMATES AND OPINIONS OR OTHER CIRCUMSTANCES SHOULD CHANGE, EXCEPT AS REQUIRED BY APPLICABLE LAW.
For further information:
James Walchuck | Fred Leigh | ||
President and CEO | Vanguard Shareholder Solutions | ||
Tel: 604-683-2402 | Tel: 604-608-0824 Tel: 1-866-918-0824 |
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