VANCOUVER, BC, March 27,
2023 /CNW/ - SAGE POTASH
CORP. (TSXV: SAGE) ("Sage
Potash" or the "Company") is pleased to announce
its ongoing partnership with RESPEC LLC. ("RESPEC"), a
best-in-class global engineering firm specializing in integrated
technology solutions for mining,
energy, infrastructure, water and natural resources. As
leaders in potash solution mining consulting and engineering,
RESPEC has successfully executed numerous projects worldwide and
consulted for some of the largest potash producers including Rio
Tinto, North Atlantic Potash, Potash Corporation of Saskatchewan (PCS) (now Nutrien), CanPacific,
Sennen Resources and others.
Beginning in January 2022, RESPEC
was engaged by Sage Potash to
reinitiate engineering preparations to include the planning, design
and execution of a Phase 1 Drill Hole Program and the preparation
of a Preliminary Economic Assessment (PEA) toward the development
of a pilot potash production facility. RESPEC will also be
completing the corresponding permit applications for the Sage
Plains project.
RESPEC Phase One Program consists of a step-out geological hole,
the Sage 1 Well, located 700m from
the Johnson 1 Well, that could double as a cavern development test
well. A water brine supply well and a disposal well will be
completed as part of the program. With these results, RESPEC will
continue with the preparation of a PEA technical report for the
Sage Plain Potash project (the "project") located near the town of
Monticello, Utah in the Paradox
Basin – potentially the largest undeveloped potash deposit in
the United States.
Sage Plain's Optimal Formation for Solution Mining:
Potash is extracted using either traditional underground mining
or solution mining methods. Solution mining utilizes water or
brine (solvent) to dissolve soluble minerals such as potash,
magnesium or other salts. Wells are drilled down to the salt
deposits, and the solvent is injected into the ore body to dissolve
it. The solution is then pumped to the surface, and the minerals
are recovered through evaporation and recrystallization of the
potash salts (KCL). When viable, solution mining is an attractive
extraction method as it offers many advantages, including lower
CAPEX, less surface and environmental impacts, scalability and more
rapid development of the deposit.
The Sage Plain deposit is well-suited for solution mining due to
its optimal formation temperature of 68°C (154°F) and high purity.
At this temperature, KCL is readily soluble, boosting energy
efficiency and lowering operating costs.
"We continue to foster a great working relationship with the
RESPEC team as a trusted partner in the planning of our
pilot-scaled potash production test," commented Sage's CEO
Peter Hogendoorn. "RESPEC has done a
terrific job for Sage and have demonstrated valuable expertise in
project management and development, engineering design work,
geoscience and integrated technology solutions for our
industry."
The Sage Plain Potash project comprises over 83,000 acres of
State and Private Mineral Leases and BLM Prospecting Permits in
San Juan County, Utah,
USA.
About RESPEC Consulting
Inc.
RESPEC was founded in Rapid City,
South Dakota in 1969 and operates in 14 states and two
Canadian provinces. RESPEC's projects and products have been
completed for clients in seven continents and 50 countries.
Underground. Aboveground. Natural. Technical. Digital.
Inside. Outside. On-Site. No matter the market, RESPEC integrates
solutions tailored to clients' and communities' needs. RESPEC
unites engineering and applied sciences with technology,
professional, and creative services so that everyone receives
cutting-edge outcomes. RESPEC finds answers that work for the needs
at hand. RESPEC's diversified team can handle projects ranging from
early-stage exploration to multi-disciplinary feasibility
studies.
About Sage Potash Corp.
Sage Potash is a Canadian company
vested solely in the Sage Plain Property and intends through
sustainable solution mining techniques to become a prominent
domestic potash producer within the Paradox Basin situated in
Utah. For further information,
please refer to the Company's disclosure record on SEDAR
(www.sedar.com) or contact the Company by email
at info@sagepotash.com.
On Behalf of the Board of Directors,
Peter Hogendoorn
CEO & Executive Chairman
Website: www.sagepotash.com
Neither the 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.
Cautionary Note Regarding
Forward-Looking Statements
This news release contains "forward-looking information" and
"forward-looking statements" within the meaning of applicable
securities legislation. The forward-looking statements herein are
made as of the date of this news release only, and the Company does
not assume any obligation to update or revise them to reflect new
information, estimates or opinions, future events or results or
otherwise, except as required by applicable law. Often, but not
always, forward-looking statements can be identified by the use of
words such as "plans", "expects", "is expected", "budgets",
"scheduled", "estimates", "forecasts", "predicts", "projects",
"intends", "targets", "aims", "anticipates" or "believes" or
variations (including negative variations) of such words and
phrases or may be identified by statements to the effect that
certain actions "may", "could", "should", "would", "might" or
"will" be taken, occur or be achieved. Forward-looking information
in this news release includes, but is not limited to, statements
with respect to future events or future performance of Sage,
including completing a step out pilot production well that will
double as a resource definition drill hole, advancing preliminary
engineering and feasibility towards a PEA, completing 3D seismic
and step-out well and new resource calculations [MA1] , and
management's expectations regarding Sage's growth. Forward-looking
statements and information are subject to various known and unknown
risks and uncertainties, many of which are beyond the ability of
Sage to control or predict, that may cause Sage's actual results,
performance or achievements to be materially different from those
expressed or implied thereby, and are developed based on
assumptions about such risks, uncertainties and other factors set
out herein, including, but not limited to, the risk factors set out
under the heading "Risk Factors" in the Company's final
non-offering long form prospectus dated March 2, 2023 available for review on the
Company's profile at www.sedar.com. Such forward-looking
information represents management's best judgment based on
information currently available. No forward-looking statement can
be guaranteed and actual future results may vary materially.
Accordingly, readers are advised not to place undue reliance on
forward-looking statements or information.
SOURCE Sage Potash Corp.