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Karnalyte Resources Inc T.KRN

Alternate Symbol(s):  KRLTF

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Karnalyte Resources Inc. is a Canada-based development stage company. The Company is engaged in the exploration and development of its property and possible construction of a production facility and development of a potash mine. The property is situated in Saskatchewan, south of Wynyard and contains a dominant zone of potash and magnesium minerals. Its Wynyard Potash Project is a Carnallite/Sylvinite solution mining project in central Saskatchewan. It has a 100% interest in KLSA 010, KL 247A, and KL 246 mineral leases comprising approximately 367 square kilometers (km2) (90,766 acres) of mineral rights. It also owns around 4,100 acres of surface land. The project is located approximately 190 km east of Saskatoon, SK, or 176 km north of Regina, SK. It is also exploring the development of the Proteos Nitrogen Project. The Proteos Nitrogen Project is an advanced stage development project consisting of a proposed small-scale nitrogen fertilizer plant to be located in Central Saskatchewan.


TSX:KRN - Post by User

Karnalyte Resources Inc
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Post by JR__Ewingon Oct 15, 2013 8:28am
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Post# 21815778

Update

Update
Tuesday, October 15, 2013 06:15 AM

Wynyard, SK - The Karnalyte project near Wynyard continues to progress.

The company is fully permitted by the government, and CEO Robin Phinney says they still have one more water well to be drilled and tested.

Construction could start at the site by next spring.

Phinney says there may also be a magnesium product line along with potash at the site.


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Posted on Tuesday, October 15, 2013 06:15 AM in Local News by Colten Yarych

Return to www.yourtownnews.ca

https://www.yourtownnews.ca/blog/view/29433/1/karnalyte+project+update
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