Potash claims to be granted next week.Eyehill Creek Potash claims to be granted next week.
The Eyehill Creek Potash Prospect consists of 20 Metallic and
Industrial Minerals Permit (MAIM) Applications. These permit
applications, which the Company anticipates will be granted shortly,
encompass approximately 450,000 acres of lands prospective for potash.
Graeme Sewell, a director of the Company stated, "This prospect holds a
tremendous opportunity for Canasia to branch out its mining operations into
potash, a commodity which is in high demand at this time. Once final permits
are received a work program will be initiated with the hopes to ultimately put
a mine into production. When you consider that currently there are only a few
publicly traded Potash companies, the majority of these trading with market
caps over 100 million dollars, we feel that this new prospect has the
possibility to create significant shareholder value if it is shown to contain
an economic potash deposit."