Gensource Potash Corp V.GSP

Alternate Symbol(s): AGCCF

Chemicals Chemicals

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.

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Gensource Potash Corp

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Comment by frostbackon Oct 23, 2019 1:43pm

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Post# 30260023

RE:Notes from the Conference Call

Looks like more burn to be had prior to any significant financing steps being finalized. Drill and Assay cost? 1 mil? I would assume this is an due diligence on the financing folks as it will update the resource estimate and further reduce risk. I am not certain of the desire to understand the underlying geology but it would be very interesting to know the reasoning. I believe any petroleum exploration in the area to examine Devonian or Odrovican has not shown anything of significance.

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