Encanto announces plant site location finalized
June 26 2012 - 5:45AM
PR Newswire (Canada)
TRADING SYMBOL: TSXV:EPO VANCOUVER, June 28, 2012 /CNW/ -
Encanto Potash Corp. ("Encanto" or the "Company") is pleased to
announce that it has completed a site selection survey,
including a drilling program that verified the suitability of the
preferred plant site for the Muskowekwan potash mine project. Plant
Site Location Confirmed Novopro Projects Inc., a project
development and management company specializing in potash related
projects, which has been engaged to carry out Encanto's
Prefeasibility Study, has conducted a site selection survey which
identified a preferred location of the plant site based on the
least impact with respect to the following factors: -- Our
Muskowekwan First Nation partner's traditional land use and
heritage sites (if any) -- Vegetation, forest areas or wildlife --
Proximity to the Muskowekwan potash resource and highest K2O
content -- Proximity to rail infrastructure -- Proximity to road
infrastructure -- Proximity to utility infrastructure -- Favourable
topography and soil characteristics -- Allowance for potential
major expansion A drilling program carried out by MDH Engineered
Solutions Corp. ("MDH"), a member of the SNC-Lavalin Group,
provided the technical data in support of determining the
suitability of the site for the key tailings management area. The
environmental assessment of the site is being conducted by Stantec
Consulting Ltd. "Finalizing the plant site location is a key step
as we move closer to our first producing mine," said Encanto
President and CEO, Jim Walchuck. "We've defined an area that takes
into account tailings management, production facilities, storage,
utility infrastructure, loading areas, and staff and administration
office space. The location also allows for a potential major
production expansion." About MDH Engineered Solutions Corp. MDH
Engineered Solutions Corp., a member of the SNC-Lavalin Group,
specializes in geotechnical, hydrogeological, and environmental
consulting, and provides advanced laboratory soil, rock and mine
waste testing. For more than 30 years, MDH has delivered
comprehensive, state-of-the-art consulting services for a diverse
range of consulting and research projects, in both the public and
private sectors, in Canada and internationally. About Stantec
Consulting Ltd. Stantec Consulting Ltd. ("Stantec"), founded in
1954, provides professional consulting services in planning,
engineering, architecture, interior design, landscape architecture,
surveying, environmental sciences, project management, and project
economics for infrastructure and facilities projects. For the
Muskowekwan project, Stantec has been mandated to deliver a
complete Environmental Assessment. Key activities for this
mandate are already underway. About Encanto: Encanto Potash Corp.
is a TSX Venture Exchange listed and OTCQX traded Canadian resource
company engaged in the development of potash properties in the
Province of Saskatchewan, Canada, the largest producing potash
region in the world. Through the joint venture agreement with
Muskowekwan Resources Limited on our flagship property, Encanto has
been successful in adding a 3.5 fold increase to the project land
package, which now totals approximately 58,300 acres. A Preliminary
Economic Assessment (PEA), based solely on the Home Reserve Lands
(15,500 acres), was released in August of 2011 and an updated NI
43-101 report describing the increase to the compliant resource
estimate was filed on May 10, 2012. Encanto's Muskowekwan First
Nation property has a current NI 43-101 resource estimate
containing Measured and Indicated resources of 130.7MMt grading
29.6% KCl or 18.7% K(2)O and Inferred resources of 234.7MMt grading
28.3% KCl or 17.9% K(2)O. The Company has 100% interest in two
additional potash properties in Saskatchewan: the 55,000 acre
Ochapowace/Chacachas property and the 140,000 acre Spar property.
The technical content of this news release has been reviewed by
Ross Moulton, Vice-President of Exploration for Encanto, a
qualified person as defined by NI 43-101. 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. Encanto Potash Corp. CONTACT: James
WalchuckPresident and CEOTel: 604-683-2402Martin Gagel CFA,
MBAVanguard Shareholder SolutionsTel: 604-608-0824Toll Free:
1-866-918-0824
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