Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Gensource Potash Corp V.GSP

Alternate Symbol(s):  AGCCF

Gensource Potash Corporation is a fertilizer development company. The Company is focused on developing resource opportunities with a specific focus on potash development. Its projects include the Tugaske Project, Lazlo Area, and Vanguard Area Project. The Tugaske Project is the Company’s advanced potash project. It has completed a full, bankable feasibility study and a follow-on front-end engineering and design study (FEED). The Lazlo Area is located in central Saskatchewan along an infrastructure corridor between the major population centers of Saskatoon and Regina. The Area is located over a thick and rich region of the Prairie Evaporite formation known locally as the Davidson Sub-basin. The Vanguard Area is located in central Saskatchewan and comprises two mineral leases, KL244 and KL245, and Potash Permit, SMP200. SMP200, which abuts existing Company leases, is about 7,180 hectares and represents a direct addition to mineral leases KL244 and KL245 in the Company’s Vanguard Area.


TSXV:GSP - Post by User

Bullboard Posts
Post by zenith9on Jul 05, 2016 1:18am
105 Views
Post# 25022027

Article on Discover MooseJaw

Article on Discover MooseJawA week old but I didn't see it posted here...

https://discovermoosejaw.com/local/48350-gensource-to-develop-2nd-potash-mine-northwest-of-moose-jaw

Exciting times lie ahead for Gensource Potash.

The Saskatchewan company now has 2 solution mines in their sights - one near Craik and the other in the Eyebrow/Tugaske area.

Gensource CEO Mike Ferguson says they are still in the early stages of development.

"Implementation will take about two and a half years," said Ferguson. "We still need to complete the detailed feasability study..then there's an 18-20 month construction period before we're into production."

The project near Craik was announced in late 2014, but the newest development came when Gensource purchased two mining leases from Yancoal Canada Resources this past April.  The agreement includes Yancoal purchasing the entire 250-thousand tonnes per year expected to be produced from the new mine.

Ferguson says about 150,000 of the 250,000 at the mine to be developed near Craik has also been spoken for by clients in Brazil and India.

The mines are expected to create dozens of long-term jobs.

"On the production side we'll be looking at 47 or 48 staff to run one of these small plants," detailed Ferguson. "During the construction phase, there will be several hundred construction jobs created at that time."

Ferguson was also pleased to discuss the technology Gensource plans to use in an effort to be as efficient and environmentally-friendly as possible.

"We don't use any fresh water from surface.  Our water source is already-brackish ground water down 700-800 metres below surface. That represents a tremendous advantage for us and the environment, given we don't have to use fresh water resources."

Ferguson noted that in addition to the environmental conditions being suitable, the Eyebrown/Tugaske location had the proper infrastructure already in place.

"Road access is important...but the key infrastructure we need is rail," explained Ferguson. "All the product moves by rail, not by truck.  In both of these areas we're looking at we have excellent rail infrastructure existing."

Ferguson says Gensource will be conducting open houses in the Tugaskey/Eyebrow area in the near future so residents and be informed.

Bullboard Posts