Trigon's Intercontinental Potash Corp. commences Phase One drilling program
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"The Ochoa project has been accelerated following the interpretation of the Preliminary Economic Assessment report and 43-101 compliant Resource Estimate in the third quarter of 2009," said
Drilling is being conducted by an experienced potash drilling company,
The Phase I drill program has been designed to: (i) validate interpretations of historical oil and gas geophysical logs; (ii) expand the classification of resources reported in the 43-101 Technical Report; (iii) extend the polyhalite target bed to the north-west that appear to ramp-up closer to the surface than further to the east; (iv) ascertain chemical and thickness variability; (v) determine optimal locations for Phase II in-fill drilling and prefeasibility studies; (vi) initiate baseline hydrological investigations; and (vii) protect any potable water in the area during drilling and drill hole abandonment. The Company anticipates completing the Phase I drilling program by no later than
National Instrument 43-101 compliant QA/QC measures are being employed in the field and laboratories to ensure defensibility of the data through a validation process using blanks, standards and replicates. Core splits will be carefully preserved against moisture degradation and placed in secure, temperature controlled storage area to enable any future confirmation audits of the cored. Reference samples will be collected and photographed of all rock units encountered during drilling for future observations. Select chip samples from core will be procured for density measurements and thin section microscopy and Scanning Electron Microprobe (SEM) validation.
The Ochoa Potash prospecting permits cover subsurface mineral rights in Lea County about 60 miles east southeast of Carlsbad, New
All scientific and technical disclosure in this press release has been prepared under the supervision of Sean C. Muller, PG, CPG and RG who is a Qualified Person within the meaning of National Instrument 43-101.
About Intercontinental Potash Corp
Intercontinental Potash Corp. ("ICP") is developing its Ochoa New
Forward-Looking Statements
Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of Trigon and ICP, including, but not limited to, risks associated with mining and drilling activities, exploration risk, the impact of general economic conditions, industry conditions, dependence upon regulatory and shareholder approvals, earth crust displacement, and the uncertainty of obtaining additional financing, as well as other risks described in the management information circular of Trigon, dated
Completion of the Transaction and related matters are subject to a number of conditions and the receipt of all applicable regulatory approvals, including the final approval of the TSX Venture Exchange. The Transaction cannot close until all required regulatory approvals are obtained. There can be no assurance that the Transaction will be completed as proposed or at all. Investors are cautioned that, except as disclosed in the Circular, any information released or received with respect to the proposed transactions may not be accurate or complete and should not be relied upon. Trading in the securities of Trigon should be considered highly speculative. The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.
NEITHER THE 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.
For further information: please visit www.intercontinentalpotash.com or contact: Investor Relations, Joanna Longo, Vice President, The Equicom Group, (416) 815-0700 ext. 233, [email protected]
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