IC Potash Corp announces core results on successful completion of Phase I
drill program
"The positive results of this drill program confirm the mineralization of the deposit in terms of expected depth, grade and thickness. With these results, and detailed analysis of all data, the Phase II drill program should begin during April. The Phase II program will include the further delineation of the resource. In conjunction with the pre-feasibility study, Phase II data will also provide information required to determine optimal mine location and processing methods," said
As expected from the Company's exploration model, good quality polyhalite is found between thin anhydrite layers within the salt bed of the Rustler formation which is located in the Permian Delaware basin of South West New
The Phase II program will include the acquisition of a bulk sample of polyhalite ore for additional production process optimization. It is intended that the bulk sampling be obtained by horizontal coring. The Company has acquired the services of
Grade, based on X-ray diffraction, is given below. For further information concerning the Ochoa Project, please refer to the technical report dated
------------------------------------------------------------------------- Summary of Phase I Core Analysis ------------------------------------------------------------------------- XRD grade % Hole From (ft) To (ft) Thickness (ft) Polyhalite ------------------------------------------------------------------------- IPC1 1394.7 1400.7 6 85 ------------------------------------------------------------------------- IPC2 1523.85 1529.1 5.25 81 ------------------------------------------------------------------------- IPC3 1554.2 1559.2 5 79 ------------------------------------------------------------------------- IPC4 964.53 969.88 5.35 70 ------------------------------------------------------------------------- IPC5 992.14 998.42 6.28 86 ------------------------------------------------------------------------- IPC6 1483.52 1489.2 5.68 76 ------------------------------------------------------------------------- Phase I program average: 5.59 80 -------------------------------------------------------------------------
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 are carefully preserved against moisture degradation and placed in secure, temperature controlled storage area to enable any future confirmation audits of the core. Reference samples are collected and photographed of all rock units encountered during drilling for future observations. Select chip samples from core are procured for density measurements and thin section microscopy and Scanning Electron Microprobe (SEM) validation.
About Intercontinental Potash Corp
ICP is developing its Ochoa New
ICP's Ochoa property consists of federal sub-surface potassium permits granted by the Bureau of Land Management ("BLM") covering more than 36,500 acres of land. All reclamation plans, environmental plans, and archeological work have been approved by BLM. The Company is currently conducting a Phase I drill program, which commenced in November, described in the press release of Trigon Uranium Corp.,
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 ICP, including, but not limited to, risks associated with mineral exploration and mining activities, the impact of general economic conditions, industry conditions, dependence upon regulatory approvals, and the uncertainty of obtaining additional financing. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.
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For further information: For further information: 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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