IC Potash to commence New Mexico Ochoa Potash Bulk Sampling Program on January 15, 2011
21 12월 2010 - 9:00PM
PR Newswire (Canada)
TORONTO, Dec. 21 /CNW/ -- TORONTO, Dec. 21 /CNW/ - IC Potash Corp.
("ICP" or the "Company") (TSXV: ICP) is pleased to announce that
the Company will begin its potash bulk sampling program on January
15, 2011. The program will provide a bulk sample of potash
from its Ochoa Project which is located in south east New
Mexico. The bulk sample will be used for pilot test programs
to optimize processes to convert the resource into Sulphate of
Potash ("SOP"). The sample will also be used to confirm
results identified in previously published tests and to further
demonstrate the robust commerciality of our Ochoa Project.
Pilot testing will be performed by
independent research group, Hazen Research, Inc. of Golden,
Colorado ("Hazen"). Hazen's services will include work on the
adaptation of the known technologies, followed by pilot scale
testing. Over the past 50 years, Hazen has completed projects
over a wide range of thermal processing applications, minerals
beneficiation, leaching, and precipitation. Randy Foote, Chief
Operating Officer, stated: "We are very pleased with the
designs for the bulk sample drill program which will provide
sufficient ore for the testing and optimization of all processing
steps. The recommended leaching processes have been
pilot tested twice. The United States Bureau of Mines carried
out the first pilot test during the 1930's. hen, during the
1950's, a private industry potash producer further pilot tested the
entire process. We will first verify those pilot tests and
then continue to optimize our processes. The planned SOP
production process will include solar evaporation. Solar
evaporation processes are currently in use by those producers who
generate Sulphate of Potash from salt lake brines." Sidney
Himmel, President and Chief Executive Officer, stated: "I am very
pleased with the results produced by our outstanding team of potash
geologists and chemical engineers. These industry
leading professionals will ensure that all testing and optimization
will be performed on an efficient and effective basis. The
bulk sampling program is a critical step moving IC Potash forward
towards production." Potash Industry There is a high demand for SOP
by producers of fruits, vegetables, horticultural crops, and
tobacco. IC Potash Corp. has direct access to potassium and
sulfate, as these nutrients are contained in the company's
polyhalite mineral resource. Sulphate of Potash is the world's
premium quality potash and sells at a premium price compared to
regular potash known as Muriate of Potash. While the price of
Muriate of Potash is now between $375 and $400 per long ton, the
price of granular Sulphate of P`otash ranges from $550 to
$600. Thus fertilizer production companies, such as IC Potash
Corp., benefit from the price differential. The SOP price
advantage has ranged from 40% to 100% over the last forty years.
All scientific and technical disclosures in
this press release have been prepared under the supervision of
William J Crowl, a consultant to IC Potash who is a Qualified
Person within the meaning of National Instrument 43-101. IC Potash
IC Potash intends to become a primary producer of Sulphate of
Potash ("SOP") by mining its 100%-owned Ochoa property in New
Mexico. SOP is a non-chloride based potash fertilizer that sells at
a substantial premium over the price of Muriate of Potash ("MOP"),
the most widely used fertilizer in the world. ICP's Ochoa
property consists of over 100,000 acres of federal subsurface
potassium prospecting permits and State of New Mexico Potassium
mining leases. Forward-Looking Statements Certain information set
forth in this news release may contain forward-looking statements
that involve substantial known and unknown risks and uncertainties.
These forward-looking statements are subject to numerous risks and
uncertainties, certain of which are beyond the control of ICP,
including, but not limited to, risks associated with mineral
exploration and mining activities, the impact of general economic
conditions, industry conditions, dependence upon regulatory
approvals, and the uncertainty of obtaining additional financing.
Readers are cautioned that the assumptions used in the preparation
of such information, although considered reasonable at the time of
preparation, may prove to be imprecise and, as such, undue reliance
should not be placed on forward-looking statements. NEITHER THE 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. To
view this news release in HTML formatting, please use the following
URL:
http://www.newswire.ca/en/releases/archive/December2010/21/c6780.html
piplease visit/iia href="http://www.icpotash.com/"
font-style="italic"www.icpotash.com/a/iior contact: Sidney Himmel,
1-575-993-2758/i/p
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