ENCANTO ANNOUNCES ASSAY RESULTS FROM LESTOCK 7-2 WELL
TRADING SYMBOL: TSXV EPO.V
VANCOUVER, Nov. 5 /CNW/ - Encanto Potash Corp. ("Encanto" or the "Company") is pleased to report the assay results from the Lestock 7-2-27-15W2 well. This is the first well in the Encanto four well evaluation program on its Muskowekwan property in Saskatchewan.
7-2-27-15W2 Results:
Member | Depth to Top | Thickness meters | Percent (Weighted Average) | |||
K2O | KCl | Carnallite | Insolubles | |||
Patience Lake | 1187.6 m | 3.43 | 25.31 | 40.06 | 0.65 | 8.97 |
Belle Plaine | 1197.5 m | 5.10 | 23.85 | 37.75 | 0.57 | 4.92 |
Esterhazy | 1231.5 m | 2.06 | 23.70 | 37.51 | 0.30 | 1.44 |
These thicknesses and assay grades are comparable with the results from the original well drilled on the Muskowekwan property, Lestock 2-9-27-15W2 as previously disclosed in the press release of February 2, 2010 and the results are shown below. The location of the 7-2 well is approximately 3.5 kilometers (2.2 miles) southeast of where the Lestock 2-9 well is located.
2-9-27-15W2 Results:
Member | Depth to Top | Thickness meters | Percent (Weighted Average) | |||
K2O | KCl | Carnallite | Insolubles | |||
Patience Lake | 1193.6 m | 3.64 | 25.24 | 39.95 | 0.08 | 10.2 |
Belle Plaine | 1203.4 m | 2.43 | 25.48 | 40.33 | 0.09 | 5.4 |
Esterhazy | 1237.6 m | 5.34 | 12.36 | 19.56 | 5.84 | 1.39 |
The core samples from the second well in this year's program, Lestock 11-18-27-15W2 are presently being assayed at the Saskatchewan Research Council. The Company is expecting these results later this month.
The third (15-14-27-16W2) and fourth (15-16-27-15W2) well locations are currently in the process of being cored. Assay values from those cores should be available sometime in December.
CEO Jim Walchuck states, "We are very pleased with the results of this hole. The grade and thickness continuity that is demonstrated by these two holes augers well for the anticipated resource due in Q1 of 2011."
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. 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
"James Walchuck" |
Per: | __________________ |
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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