Sustainable Recycled Water Source Approved for Milestone Potash Project
Western Potash Corp. (TSX: WPX) (FSE: AHE) ('the Company?)
-- On Monday, June 25 the City of Regina approved the Key Commercial
Terms (the 'Agreement?) that will see a large portion of the City′s
treated sewage effluent routed to Western Potash Corp.′s Milestone
Potash mine site, located approximately 30 km Southeast of Regina and 80
km Southeast of Mosaic′s Belle Plaine mining lease.
The Agreement, if paid out annually, is worth more than $200 million to
the City of Regina over the 45 year term of the Agreement and will see
up to 60,000 cubic metres of treated effluent diverted daily from the
Regina wastewater treatment plant to the Milestone Potash Project mine
site. The City of Regina, as the proponent of the Agreement, will
operate the pump house and pipeline and will be responsible for
obtaining all necessary environmental approvals. Western Potash will
fund the capital costs associated with the construction of the pump
house and pipeline.
'Western Potash is delighted to have reached this Agreement with the
City of Regina and is pleased to be working together to sustainably
innovate the potash solution mining process,? says Western Potash Corp.
President and CEO Patricio Varas. 'There are certainly no other potash
solution mines in the world utilizing treated waste water.?
Once up and running, the Milestone Project will draw between 40% and 70%
of the City of Regina"s wastewater.
'This innovation is a win-win for everyone,' said ?Acting Deputy Mayor
Louis Browne. ?'Not only is the City of Regina now being compensated for
treating a waste product, but we are facilitating economic growth in one
of Saskatchewan′s key sectors: Potash development. In addition,
downstream negative effects such as increased algae will also be
alleviated, making this is a prime example how creative thinking and
partnerships can yield a more promising future for everyone.?
The Milestone Project holds 66.6 million tonnes of Measured recoverable
resource (content and grade that can be measured with a high degree of
accuracy); 186.9 million tonnes of Indicated recoverable resource
(content and grade that can be measured with a reasonable level of
accuracy); and 708.2 million tonnes of Inferred recoverable resource.
The Milestone Project contains potash resources of sufficient size and
grade to support solution mining for more than 40 years at a production
rate of 2.8 million tonnes per year. 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.
About Western Potash
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 develop a world-class potash
deposit in an ecologically sustainable, economically efficient and
socially responsible manner. For more information on Western Potash
Corp.′s projects, please visit the Company′s website at: http://www.westernpotash.com.
ON BEHALF OF THE BOARD OF DIRECTORS
'J. Patricio Varas?
J. Patricio Varas
President and CEO
Forward-Looking Statement
Except for statements of historical fact relating to the Company,
certain information contained herein constitutes 'forward-looking
information' under Canadian securities legislation. Forward-looking
information includes, but is not limited to, statements with respect to
the effect and estimated timeline of the drilling and assay results on
the Company, the estimation of mineral reserves and mineral resources;
the timing and amount of estimated future exploration; costs of
exploration; capital expenditures; success of exploration activities;
permitting time lines and permitting; government regulation of mining
operations; environmental risks; unanticipated reclamation expenses; and
title disputes or claims; Generally, forward-looking information can be
identified by the use of forward-looking terminology such as 'plans',
'expects' or 'does not expect', 'is expected', 'budget', 'scheduled',
'estimates', 'forecasts', 'intends', 'anticipates' or 'does not
anticipate', or 'believes', or variations of such words and phrases or
statements that certain actions, events or results 'may', 'could',
'would', 'might' or 'will be taken', 'occur' or 'be achieved'.
Forward-looking statements are based on the opinions and estimates of
management as of the date such statements are made and they are subject
to known and unknown risks, uncertainties and other factors that may
cause the actual results, level of activity, performance or achievements
of the Company to be materially different from those expressed or
implied by such forward-looking statements or forward-looking
information. Although management of the Company has attempted to
identify important factors that could cause actual results to differ
materially from those contained in forward-looking statements or
forward-looking information, there may be other factors that cause
results not to be as anticipated, estimated or intended. There can be no
assurance that such statements will prove to be accurate, as actual
results and future events could differ materially from those anticipated
in such statements. Accordingly, readers should not place undue reliance
on forward-looking statements and forward looking information. The
Company does not undertake to update any forward-looking statements or
forward-looking information that are incorporated by reference herein,
except in accordance with applicable securities laws.
Western Potash Corp.
John Costigan, 604-689-9378
VP
Corporate Development