Projects | Potash in Saskatchewan | Photos

Projects

Potash North is focused exclusively on the exploration, evaluation and potential development of 2 subsurface Potash permit areas (KP416 and KP417) totaling 185,000 acres in the Saskatchewan Potash Basin. The market power held by producers within Saskatchewan, Canada is quite substantial, as Saskatchewan produces approximately 34% of the world's potash and hosts over 50% of the globe’s potash reserves.

Management strategically selected property in Saskatchewan due to its high endowment of potash, consistency of potash mineralization over many kilometers, and the stable political climate Canada offers.

The Potash North Permit Areas are in close proximity to the 2 largest potash producing facilities in the world:

20 km North East of the operating Esterhazy K1 and K2 underground potash mines - 5.3M tonnes per annum capacity
45 km North from Potash Corp. of Saskatchewan's Rocanville Potash Mine - 3M tonnes per annum capacity

Regional Infrastructure & General Potash Permit Areas

*Disclaimer
Areas shown represent approximate outside boundaries of potash permit areas. Within these boundaries, the company has applied for rights to explore and produce potash from approximately 185,000 acres of crown land. All boundary areas are artist's rendition. BHP Billiton and Agrium resource estimates represent historical results and pre-date 43-101 and should not be relied upon. The drilling information was not collected under current 43-101 reporting standards. This drilling information cannot be verified by the company and therefore should not be relied upon. This historical drill data is reported for information purposes only. Currently there are no 43-101 reports on the Potash North Project nor are there measured, indicated or inferred resources. Readers are cautioned that the presence of the potash rich horizon in the historic drill data does not guarantee economic quantities of potash are present.

Potash North Project Area and Adjacent Dispositions

Technical Information

The Potash North permit areas cover part of eastern Saskatchewan's Devonian-Age Prairie Evaporite Formation Sequence. The Prairie Evaporite Formation Sequence hosts the potash beds currently mined at the nearby Rocanville, Mosaic K1, and Mosaic K2 potash Mines.

Historical data suggests that the Esterhazy Member is truncated along a northern portion of the permit area. The exact position of these lines of truncation are presently unknown, however drill-hole data indicates that there is significant area within the permit area that is underlain by the Esterhazy Member.

The Canberra Langenburg drill hole 16-29-22-30 W1M intersected the top of the Prairie Evaporite Formation at 776.5 meters drilled depth. Assay results taken from core cut in the Esterhazy Member show 3.3 meters from 791.2 meters to 794.5 meters at a weighted average grade of 21.5% K20 (34.1% KCl), 9.7% carnallite and 0.9% water insolubles. Four cored and assayed holes from the potash permit area that have commercial-grade potash intersections are available and have been inspected. These assays include:

Length-Weighted Average Assay Results

*Disclaimer
The drilling information was not collected under current 43-101 reporting standards. This drilling information cannot be verified by the company and therefore should not be relied upon. This historical drill data is reported for information purposes only. Currently there are measured, indicated or inferred resources. Readers are cautioned that the presence of the potash rich horizon in the historic drill data does not guarantee economic quantities of potash are present

The results on the Potash North permit areas from historical drilling are very encouraging. Follow up exploration will allow Potash North to further evaluate the historic drill intercepts and extent of the potential potash mineralization on the permit areas. The Potash North permit areas are in close proximity to existing rail, road, and electricity grids, which are expected to facilitate any potential future development.

The Saskatchewan Potash Basin contains deposits that are renowned for their consistency and continuity. The guidelines prepared by the Estimation Best Practices Committee of the Canadian Institute of Mining and Metallurgy and Petroleum ("CIM") 2003, state:

"The potash deposits that are located in Saskatchewan, Canada, are characterized by their remarkable consistency of grade and thickness over many tens of kilometers. It is therefore possible to characterize a deposit with relatively few drill holes, supplemented by sufficient seismic coverage to establish continuity between the holes. There are however local disruptions of the deposit, either structural or mineralogical, which may preclude potash mining. The MRMR problem for potash is almost the inverse of that for other mining operations in that much of the exploration effort is directed at defining the location and size of the no-mineable areas within an otherwise continuous Resource."

Work Program

A Technical Report compliant with NI 43-101 standards was prepared by Dr. Michael Hardy of Agapito Associates Inc. and Steve Halabura of North Rim Exploration in June 2008. The NI 43-101 findings suggest that in order to estimate the potash potential of the Company's KP 416 and KP 417 permit areas, the following contingent three-phase exploration and definition program is recommended:

Phase Chart