SN Sennen Potash Corporation

Sennen Potash Corporation (TSX VENTURE:SN) ("Sennen" or the "Company"), along
with its partners, Paradox Basin Resource Corp., is pleased to provide a project
update on the Monument Potash Project ("Monument") in South East Utah and South
West Colorado.


Sennen has engaged North Rim Exploration Ltd. ("North Rim") for the initiation
and execution of a full service, multi-phase potash exploration program at
Monument including, amongst other tasks, the completion of a mineral resource
estimate compliant with industry recognized standards. To date, North Rim's
initial activities have focused on the completion of a preliminary desktop
review and technical analysis of Monument, including the review of historic
geological reports and papers, historic wells and well log data completed by
natural resource companies active or previously active in the region. North Rim
has commenced compiling a quality data set for inclusion into the mineral
resource estimate once new data from drilling is available.


The Company has also engaged RPS Canada Ltd. ("RPS Canada") for seismic
acquisition project management and interpretation. Following receipt of the
results and recommendations of North Rim's initial review, 20 seismic lines
totaling 275.1 miles have been acquired and will shortly be interpreted by RPS
Canada. The 2D seismic data was originally shot between 1979 to 1986 and
intersects existing historic well data.


Following review and analysis of the interpreted seismic from RPS Canada, the
Company and North Rim will commence in-depth drilling preparation and submit the
reports and applications required for permitting of our upcoming exploration
wells. The Company aims to commence drilling up to three exploration wells prior
to the end of 2013. Longer lead time items, including securing drilling
contracts and initiating permitting have already been started.


Ian Rozier, President and CEO of Sennen said: "We are delighted to be working
with North Rim and RPS; the caliber of their expertise and experience in the
potash industry is a welcome addition to our existing technical team. With the
recent acquisition of over 275 miles of seismic over the project area, we are on
track with our planned 2013 exploration programme and look forward to further
advancing Monument."


About North Rim

Established in 1984, North Rim is a Saskatchewan-based geoscience and
engineering consulting firm focused on providing comprehensive geological and
engineering expertise. North Rim has a well-established global potash expertise,
including work in the Utah Paradox basin, and has worked with a variety of
clients ranging from large international exploration firms, such as Mosaic
Potash and PCS, to regional firms, such as Athabasca Potash and Encanto Potash.
For further information on North Rim, please visit www.northrim.ca.


About RPS Canada

RPS is a part of RPS Group Plc, an international consultancy providing advice
and technical support for the development of natural resource projects,
including seismic operations, wellsite operations, geology and geophysics. RPS
has experience in a wide variety of both geological and geographical regions
throughout the world and has worked on various types of wells and in various
play-type environments. For further information on RPS, please visit
www.rpsgroup.com/Canada.


About Sennen

Sennen has, together with our industry partners, assembled an experienced team
of multi-disciplined professionals to focus on the exploration and responsible
development of the Monument Potash Project. Monument is comprised of over
100,000 net mineral acres of highly contiguous mineral leases in South East Utah
and South West Colorado and is located less than 70 miles from Intrepid Potash
Corp.'s operating Cane Creek Solution Mine. Sennen is currently undertaking
exploration work required to delineate the potash resource estimate.


The disclosure of technical and scientific information in this news release has
been read and approved by Tabetha A. Stirrett, P. Geo., of North Rim
Exploration, a consultant to the Company. Tabetha Stirrett is a Professional
Geologist registered in the province of Saskatchewan and is a Qualified Person
as defined by NI 43-101.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Sennen Resources Ltd.
Barbara Dunfield, MBA
Chief Financial Officer
604-685-6851


Sennen Resources Ltd.
Ryan Cohen
Vice President, Operations
604-685-6851
info@sennenpotash.com

Sennen Potash (TSXV:SN)
過去 株価チャート
から 5 2024 まで 6 2024

Sennen Potash (TSXV:SN)
過去 株価チャート
から 6 2023 まで 6 2024