RE: This doesn't sound positive bobby,nice to see that youre developing an interest in an alternate to the project in Ethiopia,with no proven water(in the middle of a desert)no railway,no highway,no electricity,unstable government etc etc etc.
Please ask as many questions as you like,they will easily be addressed and make you feel all warm and fuzzy and reassured.
Bobby....7 days pumping/23 days recovery is a test.Leave the complicated mathematical,scientific stuff to the experts.It's the results produced,by the hired experts,that matter to simple folk like you and I.
To make it easy for you....i highlighted the details of the hired experts.Why don't you email them and share with the board their reply.....
Oh....the insider that sold....why don't you see whether or not that insider still works for the company.
About the warrants.....what junior company that has succesfully raised financing doesnt have outstanding warrants?
You see bobby,all your questions easily answered.Please do ask more......
IC Potash Completes Water Supply Study for Ochoa Sulphate of Potash Project in New Mexico
IC Potash Completes Water Supply Study for Ochoa Sulphate of Potash Project in New Mexico
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TORONTO -- (Marketwire) -- 09/11/12 -- IC Potash Corp. ("ICP" or "the Company") (TSX: ICP) (OTCQX: ICPTF) is pleased to announce the successful completion of an aquifer test using two of the Company's recently drilled groundwater supply wells at its Ochoa Sulphate of Potash ("SOP") Mine Project in southeast New Mexico.
The test successfully demonstrated the desired pumping capacity of these two wells drilled earlier this year by IC Potash. Moreover, test results have confirmed the aquifer's suitability to sustainably provide the Project with a high-yield, long term supply of non-potable, brackish water that will not compete with the surrounding communities' use of fresh water.
"The success of this aquifer test marks yet another mission critical milestone in our plan to produce the world's lowest cost SOP from our valuable mining assets in southeast New Mexico. Moreover, we remain on schedule and on budget with the development of the Project and are making important strides forward with our Bankable Feasibility Study, which is underway and anticipated to be completed by August 31, 2013," stated Sidney Himmel, President and CEO of IC Potash.
The aquifer test was performed by pumping at a constant rate for seven consecutive days, followed by a recovery period of 23 days. Using industry standard methods for aquifer testing, water levels were monitored in the pumping well and observation wells before commencing the test, during the pumping phase and during the recovery phase. An appropriate pumping rate was selected for the test to properly stress the aquifer relative to planned full production rates and to define aquifer characteristics. Consideration was also given to the pumping equipment and to the available capacity to store water produced during testing. This rate produced the desired responses in each well and was not limited by the well design or aquifer characteristics. Results indicate that the supply wells can accommodate those water production rates which will be required by the Project. Further analysis of supply well configurations and pumping equipment to optimize yield will be completed during the Feasibility Study.
All hydrogeology work, including these tests, has been conducted by INTERA Incorporated, a Geosciences and Engineering firm based in Albuquerque, New Mexico.