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| Business of Western Potash Corp. The Company is a mineral exploration company engaged in the acquisition, evaluation and exploration of potash mineral properties in Western Canada. Western Potash Corp. has over 860,000 acres of potash permits and applications in both Manitoba and Saskatchewan, Canada. Western Potash was able to raise in excess of 45 million CAD from institutional and retail investors, including the IPO in May 2008. The Company's objectives are to discover, define and develop a worldclass potash deposit.The Company’s properties are in the exploratory phase and do not contain any measured potash resources and have no mineral production that yields any revenues Western Potash Corp. was formed when the opportunity to acquire key prospective ground adjacent to known Potash deposits in the province of Manitoba, Canada, presented itself. In July 2007 a private consortium obtained the potash rights on 555 square kilometers, adjacent to BHP Billiton’s Lease and Agrium’s Exploration permits, within 13km of Saskatchewan Potash corps’s Rocanville Potash mine. During 2008 the Company carried out exploration activities on its Russell-Miniota and its Russell South properties that included the completion of 5 exploratory drilling wells totaling 4,849 m. During the year the Company completed175 line kilometers 2-D ground Seismic geophysical surveys on its Manitoba properties. The Company plans to commission an initial NI43-101 compliant resource calculation on its Russell-South property, as well as to carry out initial exploratory drilling of wells in its Saskatchewan properties to confirm the presence of potash mineralization and determine the tenor of potash grades on those properties. During the first quarter of fiscal 2009 the Company completed an additional four exploratory well totaling 4,566 m on its Russell South properties. Results suggest that the potash mineral prospects in that area warrant further drill testing to confirm their extent and the potential to be an economic mineral deposit. Grades determined by drill testing to date in the Russell South area compare well with those that are being mined at the neighboring Saskatchewan Potash Corp’s Rocanville Mine. During May 2008 , the Company was granted three potash permits in south-eastern Saskatchewan. ( Milestone Project) The three contiguous permits were granted by the Saskatchewan Ministry of Energy and Resources and comprise a total of 123,948 acres. At the Milestone property in Saskatchewan, (500 sq miles) the Company’s purchase and subsequent interpretation of several line-km of two-dimensional seismic data confirmed the presence of potash prospective salt beds and highlighted a sizeable and attractive new exploration target within 10km of the drilling completed by Rio Tinto (and subsequently sold to Vale) during 2008. The Company is now in the process of carrying out Phase 2 of an initial drill program, to further define the extent, grade, thickness and type of potash mineralization present on the Milestone property. The best well intersected a total of 24.4 m of potash mineralization with an average grade of 18.2 wt .% K2O across three potash bearing members. All potash members, in particular the Esterhazy member, visually displayed very low carnallite content. In addition, the Milestone project is characterized by a high minimum formation temperatures of approximately 65.5 degrees C. Temperature is important because higher formation temperatures improve the potash dissolution process, and reduce heat input required for the injected brines thereby significantly reducing production costs. Once completed, the Company will be well positioned to calculate an initial NI 43 1010 compliant resource calculation on the Milestone property during 2009. The Company has budgeted approx. 13.9million CAD for its exploration in Saskatchewan Saskatchewan has the largest potash industry in the world, accounting for appproximately 40% of the worlds trade in potash. The potash reserves in Sasaktachewan are massive. By conservative estimates, Saskatchewan could supply world demand at current levels for several hundred years. Western Potash Corp. is a junior mining company engaged in the acquisition, evaluation and exploration of potash mineral properties in Western Canada. The Company's objectives are to define and develop a world-class potash deposit in an ecologically sustainable, economically efficient and socially responsible manner while providing its shareholders with a unique opportunity to participate in the blue-chip dominated potash mining industry. Western Potash will continue to search for appropriate mineral properties to add to its potash portfolio. Our Competitive Advantages (Manitoba)
Our Competitive Advantages (Saskatchewan)
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