Sennen Resources Ltd

Published : December 01st, 2014

Sennen Earns 70% Interest in Monument Potash Project Coring Underway on Johnson 1 Well

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Johnson | Paradox | Utah |

Sennen Earns 70% Interest in Monument Potash Project Coring Underway on Johnson 1 Well

Press Releases

Vancouver, British Columbia, December 1, 2014. Sennen Potash Corporation (TSXV: SN) ("Sennen" or "the Company") is pleased to announce that it has satisfied all requisite conditions to earn into a 70% in the Monument Potash Project ("Monument") in south-east Utah and south-west Colorado.

EARNS 70% INTEREST

Pursuant to the Amended and Restated Property Option Agreement (the "Option") entered into on 11th December 2013 by and between Paradox Basin Resources Corp. ("Paradox") and Sennen (see News Release December 13, 2013), all the conditions outlined in the Option have been satisfied and Sennen has an undivided 70% right, title and interest in and to Monument. All subsequent expenditures will be split according to this ownership interest (70% Sennen, 30% Paradox) with Sennen remaining as operator.

CORING UNDERWAY

The Johnson 1 Well (the "Well") has been successfully drilled to the top of the Cycle 18 salt formation in the Paradox formation at 2,041 m (6,695 ft) and coring has commenced. To date, formation depths and thicknesses have correlated with projections, with a correlation factor of over 99% between anticipated and actual thicknesses from the cycle 6 Akah Salt to the Cycle 17 interbed directly above the targeted Cycle 18 potash Cycle.

Ian Rozier, President and CEO, commented: "We are pleased to have earned the 70% interest in the Monument Potash Project. Drilling activities are progressing well on Johnson 1 and early results indicate very strong correlation to historical data used in our exploration planning, and we look forward to successfully concluding this phase of the exploration program."

ABOUT SENNEN

Sennen owns a 70% interest in the exploration and development stage Monument Potash Project. Monument is comprised of over 106,000 net mineral acres of contiguous mineral leases in south-east Utah and south-west Colorado and is located less than 70 miles from Intrepid Potash Corp.'s operating Cane Creek Solution Mine. Sennen is currently coring its first well and expects to commence further exploration work aimed at delineating a maiden potash resource estimate in the near term.

The technical and scientific information contained in this news release has been reviewed by Ian T. Rozier, M.Sc., P.Eng, a qualified person as defined in NI 43-101, who is an officer and director of Sennen Potash Corporation.

For further information contact:

Neither the TSX Venture Exchange (the "TSXV") nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) has reviewed, nor do they accept responsibility for the adequacy or accuracy of, this release.

Caution concerning forward-looking information

This news release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable securities laws. This information and statements address future activities, events, plans, developments and projections. All statements, other than statements of historical fact, constitute forward-looking statements or forward-looking information. Such forward-looking information and statements are frequently identified by words such as "may," "will," "should," "anticipate," "plan," "expect," "believe," "estimate," "intend" and similar terminology, and reflect assumptions, estimates, opinions and analysis made by management of Sennen in light of its experience, current conditions, expectations of future developments and other factors which it believes to be reasonable and relevant. Forward-looking information and statements involve known and unknown risks and uncertainties that may cause Sennen's actual results, performance and achievements to differ materially from those expressed or implied by the forward-looking information and statements and accordingly, undue reliance should not be placed thereon.

Risks and uncertainties that may cause actual results to vary include but are not limited to the availability of financing; fluctuations in commodity prices; changes to and compliance with applicable laws and regulations, including environmental laws and obtaining requisite permits; political, economic and other risks; as well as other risks and uncertainties which are more fully described in our annual and quarterly Management's Discussion and Analysis and in other filings made by Sennen with Canadian securities regulatory authorities and available at www.sedar.com. Sennen disclaims any obligation to update or revise any forward-looking information or statements except as may be required.

Read the rest of the article at www.noodls.com

Sennen Resources Ltd

CODE : SN.V
ISIN : CA81723C1095
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Sennen is a producing company based in Canada.

Sennen holds various exploration projects in Australia.

Its main exploration property is MIDDLEMOUNT in Australia.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Corporate news of Sennen Resources Ltd
4/25/2016Approval For Monument Acquisition Sennen Now Has 100% Intere...
4/21/2016Sennen Reaches Definitive Agreement For 30% Interest In Monu...
10/9/2015News Release
9/16/2015Monument Project Update
3/10/2015Consolidation Of Shares
1/15/2015Sennen Potash Intersects 46.1% KCl over 6.3m in Johnson 1 We...
12/1/2014Sennen Earns 70% Interest in Monument Potash Project Coring ...
6/17/2013.: Project Update-275 Mile Seismic Acquisition and Strengthe...
10/15/2012Enters Into Letter of Intent Over Monument Potash Solution M...
9/13/2012.: Liberty Silver's Hostile Bid Expires
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (SN.V)
0.015-90.00%
TSX-V
CA$ 0.015
04/06 10:30 -0.140
-90%
Prev close Open
0.150 0.015
Low High
0.015 0.015
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  0.015 -%
Volume 1 month var.
0 -%
24hGold TrendPower© : -33
Produces
Develops
Explores for
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
20240.00%
2023-96.67%0.170.02
20200.00%0.450.45
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.70-0.65%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 12.26+2.68%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.53-1.87%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.06+0.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.64-1.86%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 16.23+4.04%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.24+4.26%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.20+2.63%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 1.88+0.53%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 52.71+0.19%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.04+5.56%Trend Power :