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Last $0.39 USD
Change Today 0.00 / 0.00%
Volume 0.0
As of 4:30 PM 05/8/15 All times are local (Market data is delayed by at least 15 minutes).

sennen potash corp (SNNJF) Snapshot

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sennen potash corp (SNNJF) Details

Sennen Potash Corporation engages in acquisition, exploration, and development of mineral properties in the United States. It primarily holds 70% interest in the Monument Potash project consisting of approximately 106,000 net mineral acres of contiguous mineral leases in south-east Utah and south-west Colorado. The company was incorporated in 1981 and is headquartered in Vancouver, Canada.

sennen potash corp (SNNJF) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: C$222.0K
Chief Financial Officer and Secretary
Total Annual Compensation: C$174.0K
Compensation as of Fiscal Year 2015.

sennen potash corp (SNNJF) Key Developments

Sennen Potash Corporation to Report First Half, 2015 Results on Aug 24, 2015

Sennen Potash Corporation announced that they will report first half, 2015 results on Aug 24, 2015

Sennen Potash Corporation Auditor Raises 'Going Concern' Doubt

Sennen Potash Corporation filed its Annual on May 26, 2015 for the period ending Jan 31, 2015. In this report its auditor, Davidson & Company, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Sennen Potash Corporation Intersects 46.1% KCl Over 6.3m in Johnson 1 Well, Utah

Sennen Potash Corporation announced that it has completed drilling of its Johnson 1 Well and received assay results confirming high grade potash mineralization over a thickness of 6.3 m (20.6 ft) in the Monument Potash Project in south-east Utah and south-west Colorado. The Well intersected potash mineralization containing 46.1% KCl (29.1% K2O) over 6.3 m (20.6 ft) from Cycle 18 of the Paradox Formation. Over this interval, insolubles were 0.56% and magnesium oxide (MgO) was approximately 0.01%, indicating the low likelihood of carnallite mineralization. Ambient temperatures recorded over the intersected potash zone highlighted above averaged 68 degrees C (154 degrees F). Higher ambient temperatures are generally positive as KCl has a preferential solubility at higher temperatures and is more favourable for solution mining. The formation depth and thickness encountered as well as the presence of high grade potash mineralization in the Well demonstrate very good correlation with the historic Western Natural #1 Charles Redd well, drilled in 1948 and located approximately 2.18 km (1.35 miles) northwest of the Well. This correlation along with existing seismic work supports the strong continuity of the potash horizon across the Monument Property and the Cycle 18 potash horizon remains open in all directions. With the exception of the Redd Well, there has been no previous drilling in this area and no historic resource estimate has been made in this region. Sennen believes that the consistent nature and indicated continuity of the Cycle 18 potash mineralization, as supported by drilling and seismic work, suggests that there is strong potential for step out drilling to add significantly to potential mineral resources at Monument. Exploration planning and budgeting work are currently underway. The Well was drilled vertically to a depth of approximately 2,195 m (7,200 ft) and included 32.6 m (107 ft) cored in Cycle 18. The Well is located in the northern part of Monument, an area that was previously undrilled to these depths with the exception of the Redd Well and there is significant existing 2D seismic exploration. The results of the Well suggest good continuity of stratigraphy across this part of the basin as indicated in Sennen's 2D seismic work conducted earlier in the exploration program. The area has good road access, flat terrain, existing power and communications, as well as water availability. The Well reached its planned target depth and has been temporarily shut-in pending the results of current geological and geophysical work. As anticipated, the Well intersected its intended Cycle 18, from 2,123 m (6,965 ft) to 2,195 m (7,200 ft) below surface and encountered potash mineralization in grades consistent with prior geological estimates. Sennen achieved excellent recovery and sample quality in its coring efforts. As a result of the flat-lying nature of the potash horizons in this part of the Paradox basin, the true thickness of the potash zones are expected to be very similar to drilled thicknesses. A second, unknown potash zone was encountered while drilling past the primary zone of exploration (the Upper bed) in order to accommodate the length of the geophysical wireline tools. As this zone was not present in the Redd Well, no core was taken over this intersection. Initial estimations from GREC between 2157.3 (7077.6 ft) and 2160.7 m (7088.8 ft) indicate that the zone is grading between 28 and 33% K2O (44 - 52% KCl) over 3.4 m (11.2 ft). Further investigation regarding the geological continuity of this Lower bed is currently underway. North Rim Exploration Ltd. are in the process of preparing a NI 43-101 mineral resource technical report which will be filed once complete.


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