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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 mdjbrownon May 02, 2022 8:53pm
268 Views
Post# 34649714

RE:RE:RE:Maybe Sask Selective Dissolution Not So Tricky After All

RE:RE:RE:Maybe Sask Selective Dissolution Not So Tricky After AllLol Black, you are hilarious.

Look at the terms of the loan.  Western Resources certainly didnt hold the hammer to negotiate those terms.

Western successfully drilled 3 selective  horizontal caverns and hot leached them for more than a year, upon which they planned to harvest their KCl in their ponds. They even bought a custom dredge out of the Netherlands to achieve that task.

Instead of harvesting all that potash just sitting there waiting for them to cash in on the high potash prices, they have gone back to the drawing board to try to improve the downhole dissolution science as it is rumoured there was no where near what they thought making it to the surface.

There is a reason this novel technique has not been accomplished yet in Saskatchewan, even though they have been trying since the 60's.

Will Gensource be the first?    Could very well be, but you gotta drill holes to find out!


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