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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

Comment by bobbythebakeron Dec 21, 2021 6:45am
231 Views
Post# 34249447

RE:Increase in Potash Asset Base

RE:Increase in Potash Asset BaseThis is the most explicit Gensource has been about modules beyond the Tugaske Project.  Mike is not one to over-promote, so when he says "first mover advantage means exciting things ahead for the Company as we engage with new potential partners for future projects,"  it means more than it usually would.  We also get some clarification on where Gensource is headed next  with "Gensource’s overall business plan is to develop several modular projects within its Vanguard Area, each directing product to clearly defined market areas." and "Block 59 is expected to create a future project area, separate from the Company’s existing leases KL244 and KL245, capable of supporting the implementation of even more potash production modules under Gensource’s business model."  The North side of KL245 are where the best combinations of grades and thicknesses are for the Vanguard area Patience Lake Member seams.  So it makes good sense to add inexpensive property rights extending that trend and potentiallly giving GSP economy of scale for previously drill results, infrastructure and staffing right next to the Tugake Project.  And laying down $103k of precious capital tells me the GSP team believes the prospect of additional production modules at Vanguard are very real.
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