Western Potash Corp Develops Groundwater Well for Milestone Phase I Project
23 Julho 2018 - 8:28PM
Western Resources Corp. (TSX:WRX) (FSE:WR0)
(“the Company”) is pleased to announce that its
wholly owned subsidiary Western Potash Corp.
(“Western”) has successfully developed a
groundwater supply source for the Company’s proposed Milestone
Phase I Potash Project (“
Phase I Project”) located
35 km southeast of Regina, Saskatchewan. Water pump test results
show that the groundwater source can fully support the water
requirements for the Phase I Project.
The Milestone Phase I Project requires approximately 40 cubic
meters of water per hour (m3/hour) as determined by Western’s
mining engineering consultant AGAPITO Associates Ltd. Western
utilized existing geophysical data from the project exploration
phase and established a well location 8km southeast of the plant
site as the optimal place for the groundwater source. The selection
of a groundwater source was based on a detailed examination of all
possible water source options, with full consideration of
minimizing the impact on the community and environment.
The target aquifers are the Viking Formation and Mannville
Formation, located at depths of approximately 680 and 745 meters
below surface, respectively. The target aquifers contain
non-potable water, not suitable for agriculture and are isolated
and far below local domestic or agriculture use aquifers and will
therefore not interfere with local water supplies.
Drilling work began in early June, and water well was completed
on July 18th with all site facilities decommissioned and removed.
According to the Water Supply Well Report completed by the
Regina-based WaterMark Consulting Ltd., the established water
source is able to fully support the required water usage of the
Phase I Project over the life of the project.
A photo accompanying this announcement is available at
http://www.globenewswire.com/NewsRoom/AttachmentNg/f1e14a65-7fdd-41a3-b868-cfcc09a9939c
The next steps will be to submit to the Saskatchewan Water
Security Agency Western’s water usage application, and to start the
engineering and design for the water pumping and pipeline
facilities from the well to the Phase I project site.
Mr. Bill Xue, President and CEO of Western Resources, commented,
“the Management and Board of Directors are very excited with the
positive results from the water well program. The success of the
groundwater source further clears the hurdle for the Phase I
project to move forward to the next step. We will now focus on the
next steps of the Phase I project including early site work in
preparation for project construction to start in early 2019.”
Bill Xue President & CEO Western Resources Corp.
Qualified Persons
The content of this news release has been read
and approved by Gregory F. Vogelsang, P.Eng., P. Geo., FGC, FEC
Project Manager of the Company. Mr. Vogelsang is a Qualified
Person as defined by NI 43-101.
Cautions Regarding Forward-Looking
Statements
Except for statements of historical fact
relating to the Company, certain information contained herein
constitutes “forward-looking information” under Canadian securities
legislation. Forward-looking information includes, but is not
limited to, statements with respect to the filing and results of
the Technical Report. Forward-looking statements are based on the
opinions and estimates of management as of the date such statements
are made and they are subject to known and unknown risks,
uncertainties and other factors that may cause the actual results
of the Company to be materially different from those expressed or
implied by such forward-looking statements or forward-looking
information. Although management of the Company has attempted to
identify important factors that could cause actual results to
differ materially from those contained in forward-looking
information, there may be other factors that cause results not to
be as anticipated, estimated or intended. There can be no assurance
that such statements will prove to be accurate, as actual results
and future events could differ materially from those anticipated in
such statements. Accordingly, readers should not place undue
reliance on forward-looking information. The Company does not
undertake to update any forward-looking information that is set out
herein, except in accordance with applicable securities laws.
For more information on the contents of this release please
contact Jerry Zhang, Corporate Secretary, at 604-689-9378.
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