Buffalo Potash Corporationis pleased to announce the successful completion of the Company’s 7-10-20-23 W2M confirmation drillhole, with a total depth of 1,563 meters. The 7-10 Hole specifically targeted the potash beds of the Prairie Evaporite Formation and obtained 108 meters of core, with recovery exceeding 98%. The cores are now securely stored with the Saskatchewan Research Council Geoanalytical Laboratory in Saskatoon, in anticipation of core logging, sampling, and assaying being completed, at which point the Company will release results.
“The first confirmation hole delivered both operational execution and geological validation, which has de-risked our broader multi-well development plans,” Mr. Steve Halabura P.Geo., Buffalo Chief Executive Officer, commented. “Visual observation and borehole geophysical logs indicating mineralization across all target members reinforces our confidence in advancing the development of the Disley Showcase, with the data from the 7-10 Hole serving as a keystone element for an integrated geological and geophysical deposit model now being prepared internally.”
“With assays to follow and additional 3D seismic soon commencing, we are entering an accelerated phase of technical advancement,” Mr. Halabura added. “Each dataset strengthens our understanding of the deposit and positions Disley as a compelling modular solution mining development opportunity in the heart of world’s most established solution mining potash district.”
The Disley Project is approximately 50km northwest of Regina and covers some 9,413 hectares. The property is situated immediately adjacent to the east of the K+S Bethune solution potash mine and northeast of the Mosaic Belle Plaine solution potash mine – two of the largest producing conventional solution potash mines globally. In the opinion of management, the Disley Project is in one of the most favorable areas of Saskatchewan for solution mining as evidenced by the success of these neighboring projects. However, there is no guarantee that the Disley Project will yield comparable results to any of these mines until the Disley Project is further advanced.
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