ENCANTO ANNOUNCES ASSAY RESULTS FROM LESTOCK 11-18 WELL
November 22 2010 - 2:23PM
PR Newswire (Canada)
VANCOUVER, Nov. 22 /CNW/ -- TRADING SYMBOL: TSXV EPO.V VANCOUVER,
Nov. 22 /CNW/ - Encanto Potash Corp. ("Encanto" or the "Company")
is pleased to report the assay results from the Lestock
11-18-27-15W2 well. This is the second well of the Encanto
four well evaluation program on its Muskowekwan property in
Saskatchewan and the third hole in total. The thicknesses and assay
grades from this hole are consistent with the results from the
original two wells which were drilled on the Muskowekwan property;
Lestock 2-9-27-15W2 (disclosed by press release on February 2,
2010) and 7-2-27-15W2 (disclosed by press release on November 5,
2010). The results are shown below. 11-18-27-15W2 Results:
_____________________________________________________________________
| | |Thickness| Percent (Weighted Average) | | Member |Depth to
Top| Meters|_________________________________| | | | |K(2)O| KCl
|Carnallite|Insolubles|
|____________|____________|_________|_____|_____|__________|__________|
| Patience | 1183.79 m | 3.31 |22.22|35.16| 0.53 | 12.10 | | Lake |
| | | | | |
|____________|____________|_________|_____|_____|__________|__________|
|Belle Plaine| 1194.59 m | 3.66 |26.19|41.46| 0.52 | 5.41 |
|____________|____________|_________|_____|_____|__________|__________|
| Esterhazy | 1226.44m | 2.56 |22.25|35.22| 10.36 | 1.71 |
|____________|____________|_________|_____|_____|__________|__________|
CEO Jim Walchuck states, "We are very pleased with the results of
this hole as it continues to demonstrate the consistency of grade
and thickness of the potash members on the property giving us
even more confidence for the anticipated resource computation due
in Q1 of 2011." 7-2-27-15W2 Results:
_____________________________________________________________________
| | |Thickness| Percent (Weighted Average) | | Member |Depth to
Top| Meters |_________________________________| | | | |K(2)O| KCl
|Carnallite|Insolubles|
|____________|____________|_________|_____|_____|__________|__________|
| Patience | 1187.64 m | 3.43 |25.31|40.06| 0.65 | 8.97 | | Lake |
| | | | | |
|____________|____________|_________|_____|_____|__________|__________|
|Belle Plaine| 1197.52 m | 5.10 |23.85|37.75| 0.57 | 4.92 |
|____________|____________|_________|_____|_____|__________|__________|
| Esterhazy | 1231.55 m | 2.06 |23.70|37.51| 0.30 | 1.44 |
|____________|____________|_________|_____|_____|__________|__________|
2-9-27-15W2 Results:
_____________________________________________________________________
| | |Thickness| Percent (Weighted Average) | | Member |Depth to
Top| Meters |_________________________________| | | | |K(2)O| KCl
|Carnallite|Insolubles|
|____________|____________|_________|_____|_____|__________|__________|
| Patience | 1193.60 m | 3.64 |25.24|39.95| 0.08 | 10.23 | | Lake |
| | | | | |
|____________|____________|_________|_____|_____|__________|__________|
|Belle Plaine| 1203.38 m | 2.43 |25.48|40.33| 0.09 | 5.45 |
|____________|____________|_________|_____|_____|__________|__________|
| Esterhazy | 1237.63 m | 5.34 |12.36|19.56| 5.84 | 1.39 |
|____________|____________|_________|_____|_____|__________|__________|
The core samples of the third (15-14-27-16W2) and fourth
(15-16-27-15W2) wells are presently being assayed at the
Saskatchewan Research Council. The Company is expecting these
results in December. The technical content and assay results in
this news release has been read and approved by Tabetha A.
Stirrett, P. Geo., of North Rim Exploration, a consultant to
Encanto Potash Corp. Tabetha Stirrett is a Professional Geologist
registered in the province of Saskatchewan and is a Qualified
Person as defined by NI 43-101. About Encanto: Encanto Potash Corp.
is a TSX Venture Exchange-listed Canadian resource company engaged
in the exploration and development of potash properties in the
Province of Saskatchewan, Canada, the largest producing region for
potash in the world. For additional information about Encanto
Potash Corp., please visit the Company's website at
www.encantopotash.com or review the Company's documents filed on
www.sedar.com. ON BEHALF OF THE BOARD OF DIRECTORS "James
Walchuck" Per: ____________________ James Walchuck President and
CEO NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES
PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX
VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR
ACCURACY OF THIS RELEASE. THE FOREGOING INFORMATION MAY CONTAIN
FORWARD-LOOKING INFORMATION RELATING TO THE FUTURE PERFORMANCE OF
THE COMPANY. FORWARD LOOKING INFORMATION IS SUBJECT TO A NUMBER OF
KNOWN AND UNKNOWN RISKS, UNCERTAINTIES AND OTHER FACTORS THAT MAY
CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE ANTICIPATED IN
OUR FORWARD LOOKING STATEMENTS. SUCH RISKS AND OTHER FACTORS
INCLUDE, AMONG OTHERS, THE ACTUAL RESULTS OF EXPLORATION
ACTIVITIES, CHANGES IN WORLD COMMODITY MARKETS OR EQUITY MARKETS,
THE RISKS OF THE MINING INDUSTRY INCLUDING, WITHOUT LIMITATION,
THOSE ASSOCIATED WITH THE ENVIRONMENT, DELAYS IN OBTAINING
GOVERNMENTAL APPROVALS, PERMITS OR FINANCING OR IN THE COMPLETION
OF DEVELOPMENT OR CONSTRUCTION ACTIVITIES, TITLE DISPUTES, CHANGE
IN GOVERNMENT AND CHANGES TO REGULATIONS AFFECTING THE MINING
INDUSTRY, AND OTHER RISKS AND UNCERTAINTIES DETAILED FROM TIME TO
TIME IN THE COMPANY'S FILINGS WITH THE CANADIAN SECURITIES
ADMINISTRATORS (AVAILABLE AT WWW.SEDAR.COM). FORWARD-LOOKING
STATEMENTS ARE MADE BASED ON VARIOUS ASSUMPTIONS AND ON
MANAGEMENT'S BELIEFS, ESTIMATES AND OPINIONS ON THE DATE THE
STATEMENTS ARE MADE. SHOULD ONE OR MORE OF THESE RISKS AND
UNCERTAINTIES MATERIALIZE, OR SHOULD UNDERLYING ASSUMPTIONS PROVE
INCORRECT, ACTUAL RESULTS MAY VARY MATERIALLY FROM THOSE DESCRIBED
IN THE FORWARD-LOOKING INFORMATION CONTAINED HEREIN. THE COMPANY
UNDERTAKES NO OBLIGATION TO UPDATE FORWARD-LOOKING STATEMENTS IF
THESE ASSUMPTIONS, BELIEFS, ESTIMATES AND OPINIONS OR OTHER
CIRCUMSTANCES SHOULD CHANGE, EXCEPT AS REQUIRED BY APPLICABLE LAW.
p/p table border="0" valign="top"trtd align="left"
valign="top"James Walchuck br/ President and
CEO br/ Tel: 604-683-2402 /td td br//td
td /td td /td td /td td /td td align="left"
valign="top"Fred Leigh br/ Vanguard
Shareholder Solutions br/ Tel:
604-608-0824 br/
Tel: 1-866-918-0824/td/tr/table
Copyright
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