Potash One 3-D Seismic Program Field Program Completed
25 Marzo 2008 - 2:30PM
Marketwired
VANCOUVER, BRITISH COLUMBIA (TSX VENTURE: KCL) is pleased to
report steady progress on the Company's "3D" seismic program on its
97,400 acre Legacy Potash Project in southern Saskatchewan. The 3D
seismic program was run over the original Imperial Findlater potash
solution-mining pilot test site located in the northwest corner of
the permit area. The objective of the program is to confirm the
continuity of the potash-bearing evaporite beds as presented in the
NI-43-101-compliant Technical Report and identify sites for
placement of confirmatory surface drill holes. The 3D program will
help identify contiguous areas of potash mineralization that have
not been affected by any underground salt dissolution and collapse
structures or contact with subsurface aquifers.
The acquisition program consists of an area of some 26 square km
of data. Data recording was completed on February 25, 2008. The
data processing began on March 12, 2008. It is anticipated that the
interpretation will be completed by April 30, 2008.
Paul F. Matysek, President and Chief Executive Officer of Potash
One Inc., commented: "We are pleased with the progress of our 3D
program, which is one of the key components of our exploration and
development program. The progress in this aspect along with our
recently announced environmental assessment program will help us
expedite further development of the Legacy project."
Boyd Petrosearch of Calgary, Alberta is undertaking the seismic
program on behalf of Potash One Inc. Boyd is considered one of the
premier seismic acquisition and interpretation company's in the
potash industry.
The technical content in this news release has been read and
approved by Stephen P. Halabura, Principal Geologist and Owner of
North Rim Exploration, a Professional Geologist licensed in
Saskatchewan and a Qualified Person as defined by National
Instrument 43-101.
ON BEHALF OF THE BOARD OF DIRECTORS,
Paul F. Matysek, M.Sc., P.Geo., President and Chief Executive
Officer
About Potash One Inc.
Potash One Inc. is a Canadian resource company engaged in the
identification, acquisition, exploration and development of
advanced solution mine amenable potash properties. The Company
holds an option to acquire 100% interest in a 97,240 acre Potash
Subsurface Exploration Permit in Saskatchewan, Canada ("the Legacy
Project"). The Legacy Project was previously explored by Imperial
Oil Ltd. (now Exxon) and Lumsden Potash Corporation and is adjacent
to the largest producing solution potash mine in the world. The
Company has a solid balance sheet and experienced technical and
corporate management to advance its current project to the next
level.
Forward Looking Statement
This release includes certain statements that may be deemed to
be "forward-looking statements" within the meaning of the U.S.
Private Securities Litigation Reform Act of 1995. All statements in
this release, other than statements of historical facts, that
address further production, reserve potential, exploration and
development activities and events or developments that the Company
expects, are forward-looking statements. Although management
believes the expectations expressed in such forward-looking
statements are based on reasonable assumptions such statements are
not guarantees of further performance, and actual results or
developments may differ materially from those in the
forward-looking statements. Factors that could cause actual results
to differ materially from those in forward-looking statements
include market prices, exploration and development successes,
continued availability of capital and financing, and general
economic, market or business conditions. Please see our public
filings at www.sedar.com for further information.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
Contacts: Potash One Inc. Paul F. Matysek, M.Sc., P.Geo.
President and Chief Executive Officer (604) 331-4431 (604) 608-4799
(FAX) Email: info@potash1.com
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