Encanto announces agreement on large new potash property
Encanto Potash Corp. announce that it has signed an Exploration Participation Agreement (EPA) with the Muskowekwan First Nations in Saskatchewan. The Muskowekwan EPA lands are located approximately 100 kilometres north of Regina, and consist of 43,000 acres of gentle rolling plains. Several oil wells drilled all around the Muskowekwan EPA lands have shown potash beds are regionally present in the stratigraphy. “I...
High Probability of Potash-Bearing Beds Underlying the Eyehill Creek Property
Canasia Industries Corporation has engaged Boyd PetroSearch of Calgary, Alberta for the analysis of the pre-existing seismic data on lands presently within the Eyehill Creek Property. Boyd PetroSearch is a national leader in seismic analysis, specializing in mapping potash zones for risk analysis and mine planning. The interpretation of the data is expected to be completed in the Second Quarter of...
Rio Tinto Reaches Agreement to Sell Potash Assets and Brazilian Iron Ore Operation
Rio Tinto has signed definitive agreements to sell its undeveloped potash assets, largely comprising the Potasio Rio Colorado (PRC) potash project in Argentina, and its Corumbá iron ore mine in Brazil and the associated river logistics operations in Paraguay to Vale, the Brazilian mining company, for a total cash consideration of US$1.6 billion. Completion of the Corumbá transaction remains subject...
Micron Enviro Systems Inc. Receives Final Government Approval on Coal Permits
Micron Enviro Systems, Inc. announce that is has received final approval on 12 coal permits comprising of 22,456 contiguous acres. Additional permits are anticipated to be awarded within the coming weeks. Once all permits are received the company will formulate a work program going forward. These permits are located in close proximity to a recent major new coal discovery in Saskatchewan Canada. Bradley...
Raytec Granted Potash Permits / Starts Seismic
Raytec Metals Corp. announces the receipt of its remaining exploration permits issued from the government of Saskatchewan for the Company’s KP455, KP466, KP467 and KP468 potash permits, located in central Saskatchewan. The KP455, KP466, KP467, and KP468 potash exploration permits grant the Company the right to explore approximately 89,643 acres of prospective potash ground contiguous with the...
Allana Resources Updates Announcement of Potash Resource Acquisition
Allana Resources Inc., update its previously announced acquisition of three mineral concessions in Ethiopia’s northeastern Danakil Depression totaling approximately 150 square kilometers (please refer to Allana’s September 17, 2008 press release). The project area is approximately 100 km from the Red Sea coast and 600 km via good roads from the deep water port of Djibouti. Mining for potash...
Compass Minerals’ Subsidiaries Announce Liquid Magnesium Chloride Price Increase
North American Salt Company and Sifto Canada Corp., both subsidiaries of Compass Minerals, have announced an average $4.50 per-ton price increase on liquid magnesium chloride-based products effective with all North American shipments on November 3, 2008, or as contracts allow. This 6 percent to 10 percent average price increase is being implemented to support investments needed to meet growing demand....
Raytec Metals Corp.: Drilling Starts on Riverlake Property, Saskatchewan
Raytec Metals Corp. along with its joint venture partner Triex Minerals Corp., announce the commencement of the 2008 summer diamond drill program at the Riverlake & Highrock properties located in the Athabasca Basin of Saskatchewan. Approximately 2,500 metres of diamond drilling is planned to test three main areas. The targets are near-surface, basement-hosted uranium deposits associated with...
Raytec Metals Corp. to Begin 2D Seismic Survey on KP441 Potash Claim
Raytec Metals Corp. has engaged the services of Kinetex Inc., a subsidiary of FirstGrowth-EDS, to conduct 2-D seismic work on its Saskatchewan KP441 potash claim in advance of a proposed phase one drill program. The Company recently received its exploration permits on the KP441 and KP452 potash claims, covering 91,549 acres, from the Saskatchewan Ministry of Energy and Mines. In June 2008, a NI43-101...
Vulcan Minerals Inc.: Potash Review
Vulcan Minerals Inc. announce that the company owns 100% interest in 1462 mineral claims (approximately 100,000 acres) in the Bay St. George Basin of Western Newfoundland with the potential to host an economically viable potash deposit. These claims have been systematically acquired over the course of the last ten years as the Bay St. George basin has been the primary focus of the Company’s exploration...
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