Sidon International Resources applies for 225,000 acres of potash claims in Alberta


SOURCES CORP. (SD-TSXV; SY7-FWB) is pleased to report the company has applied for a number of metallic mineral permits from the Department of Alberta Energy, Mineral Development Division in Edmonton, Alberta in the Vermillion area on the Saskatchewan-Alberta border, which include the rights to subsurface potash, totaling 225,000 acres. According to an overview of work conducted by Royal American Petroleums Ltd. in 1966 filed with the Alberta Geological Survey in Mineral Assessment Report (19660009): "The geological strata and basinal effects in the Vermilion area are closely related to the potash-rich areas of Esterhazy, Saskatoon and Unity." The study of this portion of Alberta showed the presence of a substantial quantity of carnallite and possible sylvite in the Vermillion area in the East Central Plains of Alberta. Literature made available from the Alberta Conservation Board, corroborates this potash occurrence in Alberta. The potash minerals are found in the Prairie Evaporite section of the Middle Devonian Elk Point Basin. The carnallite minerals lie on top of a thick 400 foot section of common salt (halite). A thickness of twelve feet of carnallite was reported to be present and the pinkish and greyish mineral, in all probability sylvite, occurs through the first 80 feet of the Prairie Evaporite. Potash occurs over the upper 150 feet at Esterhazy and in the Saskatoon area. The potash minerals are of the same composition and depositional sequence and depth as the potash at Unity, Saskatchewan, the location of Canada's first Potash Mine. A possible potash bed occurs at 2600 feet in the Prairie Evaporite which could be an extension of the Unity deposit. The lower deposits are separate but occur at 3500 feet similar to the Saskatoon deposits. Kamal Alawas, president of the company stated, "This is a major first step in the process of transforming Sidon into a potential potash producer. Potash prices are near all time highs with demand showing no sign of slowing down. Sidon is one of the smallest market capitalized companies with potash exposure now and therefore offers tremendous leverage to this burgeoning market. Sidon's management is positioning the company going forward to be very active in building on its current assets and continually adding new high impact projects in the near future. Management is actively sourcing new prospects and is optimistic that additional projects will be added in the near future. This now gives Sidon two major new projects in the past two weeks, being potash and highly prospective coal applications in close proximity to Goldsource Mines Inc. Clearly the short and long term prospects of the company are tremendously positive and management hopes that shareholders share the renewed enthusiasm in the company." The content of this release has been reviewed and approved by Laurie Stephenson, P.Eng a qualified person as defined by National Instrument 43-101. Sidon International Resources Corporation is a junior exploration company with interests in Nevada - North Dolly Varden Copper Gold Claims and White Pines Gold Claims, North West Territories - Slave Craton Diamond properties and British Columbia - Harrison Lake West Gold Silver Claims. ON BEHALF OF THE BOARD Kamal Alawas President We seek safe harbor %SEDAR: 00005547E

For further information:

For further information: Tel: (425) 501-9384, Fax: (425) 258-3366,

Organization Profile


More on this organization

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890