North Atlantic Potash announces results from Stockholm exploration program
SASKATOON, Jan. 21, 2013 /CNW/ - North Atlantic Potash Inc., (North Atlantic)
the Canadian subsidiary of JSC Acron, drilled one exploration well this fall
on KP 421, the company's wholly owned potash permit holding near Esterhazy,
Two high-grade potash members were intersected. The Belle Plaine Member
yielded 42% KCL over 2.5 metres and the Esterhazy Member yielded 36% KCL over
2.3 metres. The Esterhazy Member is known for its extremely favourable potash
characteristics of being high grade, with very low clay content, and of a
coarse texture. Although the results were similar to an historic hole 5 km
north an accurate definition of the resource potential of this property will
require additional seismic surveying and drilling.
"With such extensive property holdings, we are pleased with the progress of
our methodical and systematic exploration to evaluate our opportunities," said
Arie Zuckerman, President of North Atlantic Potash. "The world will require
the equivalent of an additional potash mine a year over the next decade as the
global population grows despite the year over year fertilizer market
fluctuation. We strongly believe our Saskatchewan potash assets are well
positioned to support this critical need."
The Stockholm Property is approximately 25 kilometres west of two producing
mines owned and operated by the Mosaic Company near Esterhazy, Saskatchewan.
"The results we received from this drill hole confirmed our expectations about
the potential of this particular permit," added David Waugh, CEO of North
Atlantic Potash. "Being next door to the largest producing potash mine in
Saskatchewan and intersecting strong potash yields, allows North Atlantic to
proceed with the further delineation of the property with added confidence."
On January 7, 2013 North Atlantic released a 43-101 compliant Resource Summary
Report for their Foam Lake property which confirmed 942 million tonnes
in-place at 19% K(2)O (30% KCL) with 218 million tonnes Indicated and 724
million tonnes Inferred. The report was prepared by the internationally
recognized potash geologic firm North Rim Exploration Ltd.
North Atlantic Potash
North Atlantic Potash Inc. is focused on development of potash production in
Canada. We currently possess one of the largest potash permitted acreages in
the world over the Saskatchewan Potash belt. Our business was established in
2008 with the acquisition of over 2.1 million acres of exploration permits
with the goal to develop a potash mine. www.northatlanticpotash.com
Acron is a fast-growing group of interrelated companies and one of
theleading global mineral fertilizer producers. Key business
segmentsinclude ammonia, nitrogen and complex mineral fertilizers, as well
as organic and non-organic compounds. The Group includes three major
production facilities, its own logistics infrastructure, an international
sales network, and is investing in its own raw material base. www.acron.ru/en/
David Waugh, CEO North Atlantic Potash Waugh@northatlanticpotash.com +1 (306)
Arie Zuckerman, President North Atlantic Potash firstname.lastname@example.org
SOURCE: North Atlantic Potash Inc.
To view this news release in HTML formatting, please use the following URL:
CO: North Atlantic Potash Inc.
NI: MNG FIELD
-0- Jan/21/2013 14:00 GMT
Press spacebar to pause and continue. Press esc to stop.