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Encanto Potash Corp V.EPO.H

Alternate Symbol(s):  ENCTF

Encanto Potash Corp. is a Canada-based exploration and development company that is focused on potash properties in the Province of Saskatchewan. The Company is focused on the development of Muskowekwan First Nation (MFN) reserve lands located approximately 100 kilometers north of Regina, Saskatchewan. The Company's wholly owned subsidiaries include Encanto Resources Ltd and Encanto Trading Corp.


TSXV:EPO.H - Post by User

Bullboard Posts
Post by Indyon Mar 18, 2011 9:39am
353 Views
Post# 18304148

DOUBLE THE RESOURCE..

DOUBLE THE RESOURCE..ia comming!

VANCOUVER, March 18 /CNW/ - Encanto Potash Corp. ("Encanto" or the "Company") is pleased to release the results of the NI 43-101 Technical Report prepared by North Rim Exploration Ltd. ("North Rim") of Saskatoon, Saskatchewan on the Company's Muskowekwan project situated on the Muskowekwan First Nation ("MFN") Home Reserve (16,831 acres) in Saskatchewan.  At the Company's request, North Rim has prepared resource calculations based on both the solution mining extraction method and on the conventional mining extraction method.  Encanto decided to evaluate and report the two resource calculations in order to determine, at a later date in future engineering studies, the most economically viable method for extraction. These resources are restricted to the Home Reserve only and do not take into account the Treaty Land Entitlement ("TLE") Reserve lands (15,500 acres contiguous to the Home Reserve) whose mineral resources and lands are owned by MFN and are included in our Joint Venture agreements with MFN and Exploration Permits from Indian and Northern Affairs Canada ("INAC").  The TLE Reserve lands and minerals are currently undergoing a designation process to surrender the mineral rights to Canada, these rights are then returned back to MFN.  Once the TLE lands are designated, North Rim will recalculate to include those resources in an amended NI 43-101 Technical Report and has the potential of adding up to15,500 acres, or 90% to the resource area.  Encanto's completed 2D and 3D seismic program was conducted on both the MFN Home Reserve and on the TLE Reserve lands. 

When the rest gets added this will be the largest ever resource in history!

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