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Western Potash Corporation

Publié le 27 avril 2010

To stop hydrocarbon evaluation

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WESTERN POTASH CORP. TO STOP HYDROCARBON EVALUATION

 

 



Vancouver, April 26, 2010 - Western Potash Corp. (the "Company") (TSX.V: WPX, FSE: AHE) wishes to announce that further to the company's news regarding the detection of hydrocarbons on the Milestone property reported on the February 2, 2010 news release, the Company will no longer continue the "P&NG" ("Petroleum and Gas") exploration program that was proposed in the March 31, 2010 news release.

Results from further evaluation of all available geological information and rock chips recovered from potash drilling by P&NG experts indicates that the formations previously reported showing the presence of neutron-density crossovers (neutron capture) indicating potential for hydrocarbons, have been flooded with transported salt, effectively eliminating the rock porosity.

The Company will not pursue further exploration for hydrocarbons or incur any expenditure to further study this potential.

Western Potash Corp. is a mineral exploration company engaged in the evaluation, exploration and development of potash mineral properties in Western Canada.  The Company intends to define and develop a world-class potash deposit in an ecologically sustainable, economically efficient and socially responsible manner.

 The in-house qualified persons for the purposes of NI 43-101 guidelines are J. Patricio Varas, P. Geo and Dean Pekeski, P. Geo, both of whom have reviewed and approved the contents of this news release.  The contents of this news release were also reviewed and approved by J. R.  Britton, P. Geol., P. Eng., a Qualified Person under NI 51-101 Rules and Policies.

For more information on Western Potash Corp.'s projects, please visit the Company's website at: www.westernpotash.com

ON BEHALF OF THE BOARD OF DIRECTORS

 

"J. Patricio Varas"     
J. Patricio Varas
President and CEO

This news release contains Forward Looking Statements regarding our intentions and plans. Forward looking statements in this news release include that further to the company's news regarding the detection of hydrocarbons on the Milestone property, the Company will no longer continue to explore the "P&NG" ("Petroleum and Gas") exploration program that was proposed in the March 31, 2010 news release; that results from further evaluation of all available geological information and rock chips recovered from potash drilling by P&NG experts indicates that the formations previously reported showing the presence of neutron-density crossovers (neutron capture) indicating potential for hydrocarbons, have been flooded with transported salt effectively eliminating the rock porosity; that the Company will not pursue further exploration for hydrocarbons or any expenditures to further study this potential. It is the Company's policy not to update forward looking statements. Various factors may prevent or delay our plans, including but not limited to, contractor availability and performance, weather, access, mineral prices and success and failure of the exploration and development carried out at various stages of the program.  Readers should review risk factors applicable to junior mining exploration companies generally to understand the variety of risks that can affect the Company.  

The TSX Venture Exchange has not reviewed and does not accept responsibility for
the adequacy or accuracy of this release.

 

 

 

Sincerely,

 

Angela Aydon

Shareholder Support Services
Western Potash Corp
.

 

 

 

Western Potash Corp.
Suite 1500- 701 W. Georgia St
Vancouver, B.C V7Y 1C6
604 689 WEST (9378)



 

 

 

 

Western Potash Corp.. | Suite 1500- 701 W. Georgia St | Vancouver | B.C | V7Y 1C6 | Canada

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Western Potash Corp. est une société d’exploration minière basée au Canada.

Western Potash Corp. détient divers projets d'exploration au Canada.

Ses principaux projets en exploration sont RUSSELL MINIOTA et MILESTONE, SASKATCHEWAN au Canada.

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Financements de
17/09/2015Secures $80 Million Financing
01/01/2009Closes Private Placement
Projets de
14/04/2010(Milestone, Saskatchewan)begins scoping study at Milestone
24/08/2009(Milestone, Saskatchewan)reports composite thickness of 24.4m of potash mineralizatio...
24/07/2009(Milestone, Saskatchewan)Intersects Over Twenty Five Meters Of Potash Mineralization ...
15/06/2009(Milestone, Saskatchewan)Intersects 19,9 m of combined potash mineralization
Communiqués de Presse de
27/04/2010To stop hydrocarbon evaluation
06/04/2010accelerates petroleum and natural gas project evaluation
26/05/2009Completes First Well at Milestone, Three Potash Members Inte...
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