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Gensource Potash Corp V.GSP

Alternate Symbol(s):  AGCCF

Gensource Potash Corporation is a Canada-based fertilizer development company. The Company is focused on developing resource opportunities with a specific focus on potash development. The Company operates under a business plan that has two key components: vertical integration with the market to ensure that all production capacity built is directed, and pre-sold, to a specific market, eliminating market-side risk; and technical innovation, which allows for a modular and economic potash production facility, which demonstrates environmental leadership within the industry, producing no salt tailings, therefore eliminating decommissioning. Its projects include Tugaske Project, Vanguard Area and Lazlo Area. The Vanguard Area is 100% owned in central Saskatchewan, located 170 kilometers (km) South of Saskatoon, 150 km North-West of Regina on a provincial highway system. The Lazlo Area is located in central Saskatchewan.


TSXV:GSP - Post by User

Comment by mdjbrownon Nov 06, 2022 5:24pm
156 Views
Post# 35077646

RE:RE:RE:I've Spoken My Piece

RE:RE:RE:I've Spoken My PieceThank you MB for posting these links

It is important to understand exactly what mining processes you are comparing, as the DeUSA mine is not even close to what Western, Gensource, Buffalo, and Beechy are trying to accomplish

The DeUSA mining concept is what Karnalyte Resources was trying to perfect at their Wynyard Project.  After KRN ran an optimization program in 2016, they learned more testing was required.  DeUSA's German project is a very shallow mine 350 meters and the annual capacity is a fraction of what these Sask hopefuls are targetting. They are also targetting carnalitte, so the processing is much more complex than GSPs mine plans.

If you can find a horizontal selective solution mine currently prodrucing potash, that mining tech would be similiar to GSPs hopes.   Both Western and Beechy are in the process of perfecting their tech but are still tweaking their process.

Horizontally drilling through a 1.5 meter sylvinite seam without touching any impurities is what makes this technology unique as processing is a fraction of the cost.  Otherwise its a conventional solution mine which of course there are several proven examples out there including Bethune and Belle Plaine.


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