Potash One Initiates 2D Seismic Program
25 März 2008 - 6:30PM
Marketwired
VANCOUVER, BRITISH COLUMBIA (TSX VENTURE: KCL) is pleased to
announce that the Company has commissioned a "2D" reconnaissance
seismic program in order to evaluate the remainder of the 97,400
acre Legacy Project, Subsurface Mineral Permit KP-289. It will be a
reflection seismic program utilizing a "vibroseis" survey conducted
by means of a grid consisting of some 210 line-kilometers of
seismic lines (Vibroseis is a method used to transmit energy
signals into the earth over an extended period of time as opposed
to the near instantaneous energy provided by impulsive
sources).
The intent of the program is to provide subsurface information
about the southern portion of the permit and identify the location
for exploratory surface drill holes. Permitting is in progress and
it is estimated that surveying can begin in early April with
recording to commence once ground conditions permit. It is
anticipated that data acquisition will be completed by early May
with preliminary interpretation completed by mid-June.
Paul F. Matysek, President and Chief Executive Officer of Potash
One Inc., said: "We are pleased that Boyd Petrosearch has agreed to
conduct our 2D program in addition to the 3D seismic program that
is underway. The 2D program announcement is another testament to
our commitment to conduct a comprehensive exploration work program
in various parts of the Legacy project."
The seismic program is being undertaken by Boyd Petrosearch of
Calgary Alberta. Boyd is considered one of the premier seismic
acquisition and interpretation companies in the potash
industry.
The technical content in this news release has been read and
approved by Stephen P. Halabura, Principal Geologist and Owner of
North Rim Exploration, a Professional Geologist licensed in
Saskatchewan and a Qualified Person as defined by National
Instrument 43-101.
ON BEHALF OF THE BOARD OF DIRECTORS,
Paul F. Matysek, M.Sc., P.Geo., President and Chief Executive
Officer
About Potash One Inc.
Potash One Inc. is a Canadian resource company engaged in the
identification, acquisition, exploration and development of
advanced solution mine amenable potash properties. The Company
holds an option to acquire 100% interest in a 97,240 acre Potash
Subsurface Exploration Permit in Saskatchewan, Canada ("the Legacy
Project"). The Legacy Project was previously explored by Imperial
Oil Ltd. (now Exxon) and Lumsden Potash Corporation and is adjacent
to the largest producing solution potash mine in the world. The
Company has a solid balance sheet and experienced technical and
corporate management to advance its current project to the next
level.
Forward Looking Statement
This release includes certain statements that may be deemed to
be "forward-looking statements" within the meaning of the U.S.
Private Securities Litigation Reform Act of 1995. All statements in
this release, other than statements of historical facts, that
address further production, reserve potential, exploration and
development activities and events or developments that the Company
expects, are forward-looking statements. Although management
believes the expectations expressed in such forward-looking
statements are based on reasonable assumptions such statements are
not guarantees of further performance, and actual results or
developments may differ materially from those in the
forward-looking statements. Factors that could cause actual results
to differ materially from those in forward-looking statements
include market prices, exploration and development successes,
continued availability of capital and financing, and general
economic, market or business conditions. Please see our public
filings at www.sedar.com for further information.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
Contacts: Potash One Inc. Paul F. Matysek, M.Sc., P.Geo.
President and Chief Executive Officer (604) 331-4431 (604) 408-4799
(FAX) Email: info@potash1.com
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