TRADING SYMBOL: TSXV:EPO
VANCOUVER, April 23, 2013 /CNW/ - Encanto Potash Corp. ("Encanto" or the
"Company") (TSXV: EPO and OTCQX: ENCTF) is pleased to announce that
they have added SNC-Lavalin to the development team for their
Feasibility Study ("FS") for the Muskowekwan Project in Saskatchewan.
SNC-Lavalin joins the study lead, Novopro Projects, who is performing
the design of the solution mining process, processing plant, storage
and shipping, along with Agapito Associates, tasked with delivering the
mining plan, ongoing reserve estimates, detailed well design and
production schedule.
SNC-Lavalin is a Canadian-based company, and a recognized global leader
in the design, engineering and construction of mining and metallurgical
projects and associated infrastructure. SNC-Lavalin's scope of services
in this project will be to perform services around the plant utilities
and required infrastructure.
"This mandate reconfirms SNC-Lavalin's long-standing expertise in the
potash industry, and our ability to develop and deliver full project
solutions to mining companies," said Dale Clarke, Executive
Vice-President, SNC-Lavalin. "This project also exemplifies our
continued involvement and commitment to First Nations, and we are
excited to be working with Encanto on this project."
"We're extremely pleased to add SNC-Lavalin to our Feasibility Study
team" stated Encanto President & CEO James Walchuck. "We believe that
the Muskowekwan Project is one of the most attractive potash projects
currently in a developmental stage. SNC-Lavalin is a key addition to
our team and brings a wealth of experience and expertise to help us
take the Project to the next stage in our quest to develop and
construct the first potash mine on First Nations Lands".
About SNC-Lavalin:
SNC-Lavalin is one of the leading engineering and construction groups in
the world and a major player in the ownership of infrastructure, and in
the provision of operations and maintenance services. Founded in 1911,
SNC-Lavalin has offices across Canada and in over 40 other countries
around the world, and is currently working in some 100 countries. www.snclavalin.com
About Novopro Projects:
Novopro is a project development and implementation company servicing
the mining and metallurgical industries, specialising in the potash
sector with industry leading expertise in solution mining and
processing. www.novopro.ca
About Agapito Associates:
Agapito Associates Inc. ("AAI") has over 25 years of experience in
potash solution mining and has contributed to or completed multiple
Feasibility Studies and 43 101 Technical Reports ("TRs") on Reserves
for potash projects globally. For Encanto, AAI has previously completed
the Preliminary Feasibility Study ("PFS") for the solution mine design
and mine plan as well as co-authored the NI 43-101 Technical Reports on
reserves and the PFS. www.agapito.com
About Encanto:
Encanto Potash Corp. is a TSX Venture Exchange listed and OTCQX traded
Canadian resource company engaged in the development of potash
properties in the Province of Saskatchewan, Canada, the largest
producing potash region in the world. Through a joint venture
agreement with Muskowekwan Resources Ltd. ("MFN JV") on our flagship
property, Encanto has a project land package, which totals
approximately 61,000 largely contiguous acres. A PFS was released in
February 2013 confirming Proven & Probable KCI Reserves totaling 162
MMt grading 28% which supports primary and secondary mining for over 50
years at an annual rate of 2.8 million tonnes.
The Company has a 100% interest in two additional potash properties in
Saskatchewan: the 55,000 acre Ochapowace/Chacachas property and the
91,550 acre Spar property.
Encanto is currently exploring domestic and international strategic
partnerships for the financing, development and sale of potash
production from its MFN JV Property.
For additional information about Encanto Potash Corp., please visit the
Company's website at www.encantopotash.com or review the Company's documents filed on www.sedar.com.
ON BEHALF OF THE BOARD OF DIRECTORS
"James Walchuck"
Per: _________________
James Walchuck
President and CEO
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS
THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE)
ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
THE FOREGOING INFORMATION MAY CONTAIN FORWARD-LOOKING INFORMATION
RELATING TO THE FUTURE PERFORMANCE OF THE COMPANY. FORWARD LOOKING
INFORMATION IS SUBJECT TO A NUMBER OF KNOWN AND UNKNOWN RISKS,
UNCERTAINTIES AND OTHER FACTORS THAT MAY CAUSE ACTUAL RESULTS TO DIFFER
MATERIALLY FROM THOSE ANTICIPATED IN OUR FORWARD LOOKING STATEMENTS.
SUCH RISKS AND OTHER FACTORS INCLUDE, AMONG OTHERS, THE ACTUAL RESULTS
OF EXPLORATION ACTIVITIES, CHANGES IN WORLD COMMODITY MARKETS OR EQUITY
MARKETS, THE RISKS OF THE MINING INDUSTRY INCLUDING, WITHOUT
LIMITATION, THOSE ASSOCIATED WITH THE ENVIRONMENT, DELAYS IN OBTAINING
GOVERNMENTAL APPROVALS, PERMITS OR FINANCING OR IN THE COMPLETION OF
DEVELOPMENT OR CONSTRUCTION ACTIVITIES, TITLE DISPUTES, CHANGE IN
GOVERNMENT AND CHANGES TO REGULATIONS AFFECTING THE MINING INDUSTRY,
AND OTHER RISKS AND UNCERTAINTIES DETAILED FROM TIME TO TIME IN THE
COMPANY'S FILINGS WITH THE CANADIAN SECURITIES ADMINISTRATORS
(AVAILABLE AT WWW.SEDAR.COM). FORWARD-LOOKING STATEMENTS ARE MADE BASED ON VARIOUS ASSUMPTIONS AND
ON MANAGEMENT'S BELIEFS, ESTIMATES AND OPINIONS ON THE DATE THE
STATEMENTS ARE MADE. SHOULD ONE OR MORE OF THESE RISKS AND
UNCERTAINTIES MATERIALIZE, OR SHOULD UNDERLYING ASSUMPTIONS PROVE
INCORRECT, ACTUAL RESULTS MAY VARY MATERIALLY FROM THOSE DESCRIBED IN
THE FORWARD-LOOKING INFORMATION CONTAINED HEREIN. THE COMPANY
UNDERTAKES NO OBLIGATION TO UPDATE FORWARD-LOOKING STATEMENTS IF THESE
ASSUMPTIONS, BELIEFS, ESTIMATES AND OPINIONS OR OTHER CIRCUMSTANCES
SHOULD CHANGE, EXCEPT AS REQUIRED BY APPLICABLE LAW.
SOURCE: Encanto Potash Corp.
