Potash One Completes Technical Site Screening Review and Environmental Regulatory Strategy
13 Agosto 2008 - 12:40AM
Marketwired
Potash One Inc. (The "Company" or "Potash One") (TSX VENTURE: KCL)
is pleased to announce that it has successfully completed strategic
planning for the Environmental Assessment on its 100% owned Legacy
Potash Solution Mining Project (The "Project"). Golder Associates
("Golder") has conducted a preliminary technical site screening
review for the proposed location of the production complex. The
objective of this technical evaluation and strategic planning was
to identify any high level risks related to the environmental
aspects of the Project in regards to the proposed site of the brine
extraction, storage and processing facilities. The review focused
on the following components; hydrology, hydrogeology, geotechnical,
terrestrial resources, aquatics, land use designations, and
heritage resources. No significant issues have been identified
which would cause Potash One to stop or alter the Environmental
Assessment process. The Company considers all risk areas assessed
by Golder in this study manageable and it shall address them, if
applicable and required, to complete the environmental permitting
process in due course.
As part of the strategic planning process Golder has applied the
requirements of the Saskatchewan Environmental Assessment Act to
the specifics of the Project. This work has resulted in the
development of a Regulatory Strategy, including a Community
Consultation Plan and an Environmental Assessment Plan. These plans
are intended to inform and guide Potash One through the
environmental approval process for the Project.
Paul Matysek, President and CEO of Potash One, noted: "We are
pleased to receive Golder's report and findings in which they have
concluded that there are no fatal flaws that would impact
significantly on the Project's feasibility and proposed timelines.
As a result, the Company is maintaining its efforts to complete the
required comprehensive environmental baseline studies (initiated
last spring) and work with the regulators and stakeholders to
address any issues identified in a sustainable manner as we
progress through the EA process."
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 owns
100% of 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. In addition, the Company owns
100% of three other Potash Subsurface Exploration Permits over
230,000 acres that are contiguous to the Legacy Project. The
Company has NI 43-101 resource, a solid balance sheet, and
experienced technical and corporate management to advance the
Legacy Project to the next stage.
Contacts: Potash One Inc. Paul F. Matysek, M.Sc., P.Geo.
President and Chief Executive Officer (604) 331-4431 (604) 408-4799
(FAX) Email: info@potash1.com
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