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EPO - Encanto Potash Corporation TSXV - Page 8

post #141 of 169
Still going.... doesnt wanna slow down
post #142 of 169
I sold the remainder of my shares this morning at $0.52. I will continue to watch it though.
post #143 of 169
jumping back in EPO today..

who's still holding/watching?
post #144 of 169
I am still holding a small position of free shares from .23
post #145 of 169

Closed at 60 cents, hit 63 cents, new high. Moving with the Potash sector, Resource news due any time now!

 

Dec 20, 2010

Encanto's President and CEO, Jim Walchuck, states, "We are pleased to exit 2010 knowing that the Company is now in a strong financial position to move forward. We anticipate being in a position to release the NI 43-101 Report in late January to early February which should be the watershed moment we have all been waiting for."

 

post #146 of 169

Load up on this one....it is ready to go back up again and with news coming as early as April, the momentum is definetly there. Do your DD !

post #147 of 169

Well have a bunch of epo. thinking bottom is in and we can start the rebound to new levels,

 

Potash is a valuable product with rising global food prices. 

post #148 of 169

NEWSsssssssssssssssssss OUT !

 

 

ENCANTO POTASH CORP. ANNOUNCES MUSKOWEKWAN RESOURCES

cnwgroup

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Press Release Source: Encanto Potash Corp. On Friday March 18, 2011, 9:00 am

 

TRADING SYMBOL:  TSXV  EPO.V

VANCOUVERMarch 18 /CNW/ - Encanto Potash Corp. ("Encanto" or the "Company") is pleased to release the results of the NI 43-101 Technical Report prepared by North Rim Exploration Ltd. ("North Rim") of Saskatoon, Saskatchewan on the Company's Muskowekwan project situated on the Muskowekwan First Nation ("MFN") Home Reserve (16,831 acres) in Saskatchewan.  At the Company's request, North Rim has prepared resource calculations based on both the solution mining extraction method and on the conventional mining extraction method.  Encanto decided to evaluate and report the two resource calculations in order to determine, at a later date in future engineering studies, the most economically viable method for extraction. These resources are restricted to the Home Reserve only and do not take into account the Treaty Land Entitlement ("TLE") Reserve lands (15,500 acres contiguous to the Home Reserve) whose mineral resources and lands are owned by MFN and are included in our Joint Venture agreements with MFN and Exploration Permits from Indian and Northern Affairs Canada("INAC").  The TLE Reserve lands and minerals are currently undergoing a designation process to surrender the mineral rights to Canada, these rights are then returned back to MFN.  Once the TLE lands are designated, North Rim will recalculate to include those resources in an amended NI 43-101 Technical Report and has the potential of adding up to15,500 acres, or 90% to the resource area.  Encanto's completed 2D and 3D seismic program was conducted on both the MFN Home Reserve and on the TLE Reserve lands. 

North Rim has extensive experience in the resource characterization and preparation of NI 43-101 Technical Reports on potash resources having worked on Saskatchewan potash projects for Mosaic, Potash One, Athabasca Potash and Karnalyte Resources.

The reader is cautioned that the 2 mining scenarios presented below should be treated as separate mineral resource calculations and should NOT be added together. The solution mining scenario was prepared as the base case with the conventional resource provided as a sensitivity case until additional engineering studies are completed.  Engineering factors that are yet to be determined to assess the economic viability may be, but are not limited to:

  • Study of the geothermal gradient to determine the energy inputs required (solution mining scenario).
  • Study of potential engineering challenges to determine suitable pillar sizes and extraction ratios (conventional mining scenario).
  • The "recoverable K2O" resource may change due to the uncertainty of the mining method at this time.  Additional work on economic viability may be necessary.

The resource for the potential solution mining intervals (Patience Lake and Belle Plaine members excluding interbeds) are calculated as follows:

  • Indicated Resource: 1,144.2 MMt in place sylvinite grading 29.4% KCl or 18.6% K2O (79.1 MMt of recoverable KCl, or 49.9 MMt recoverable K2O) and
  • Inferred Resource:  868.4 MMt in place sylvinite grading 29.2% KCl or 18.5% K2O (60.5 MMt of recoverable KCl, or 38.2 MMt of recoverable K2O).  

Details of the solution mining scenario are presented below in Table 1:

Table 1: Solution Mining Scenario Indicated and Inferred Mineral Resource
 

Solution Mining Scenario
Indicated Resource Summary*
Member Thickness 
(m)
Average 
K2
Grade 
(%)¹
Average 
KCl 
Grade 
(%)¹
In-Place 
Sylvinite 
Tonnage 
(MMT)²
Net K2
Resource 
(MMT)3
Net KCl 
Resource 
(MMT)3
Net KCl 
Resource 
Per Section 
(MMT/Sec)4
Patience Lake 7.02 19.69 31.17 529.85 24.36 38.56 2.75
Belle Plaine 8.39 17.41 27.56 614.33 25.61 40.54 2.98
Totals 
Excluding 
Interbed
15.41 18.57  29.39  1,144.18 49.97 79.10 5.73
Inferred Resource Summary**
Member Thickness 
(m)
Average 
K2
Grade 
(%)¹
Average 
KCl 
Grade 
(%)¹
In-Place 
Sylvinite 
Tonnage 
(MMT)²
Net K2
Resource 
(MMT)3
Net KCl 
Resource 
(MMT)3
Net KCl
Resource 
Per Section 
(MMT/Sec)4
Patience Lake 7.16 19.28 30.52 403.74 18.64 29.50 2.82
Belle Plaine 8.44 17.62 27.89 464.61 19.60 31.03 3.04
Totals 
Excluding Interbed
15.60 18.46  29.22  868.35 38.24 60.53 5.86

*Search Radius: 2.0km (between drill holes); MMt = million tonnes; Density used 2.08; KCl = 1.58303 K2O
**Search Radius: 2.0km inner radius and 5.0km outer radius (between drill holes); MMt = million tonnes; Density used  2.08; KCl = 1.58303 K2O
1 "Average K2O Grade" and "Average KCl Grade" refer to the weighted averages.
2 " In-Place Sylvinite Tonnage"   refers to Volume of Rock*Density of Sylvinite in the project area.
3 "Net K2O Resource" and "Net KCL Resource" refer to total amount of extractable K2O and KCl resource in the project area. (Volume of Rock*Density of Sylvinite*Grade*Deductions).  Deductions include 10% for unknown anomalies, a 35% extraction ratio, and 24% for cavern and plant losses.
4  Assuming 640 acres (2589988.11 m2) per section.

The resource for the potential conventional mining intervals (Patience Lake and Belle Plaine members) is calculated as follows:

  • Indicated Resource:  461.5 MMt in place sylvinite grading 36.2% KCl or 22.9% K2O (45.9 MMt in recoverable KCl, or 30.0 MMt recoverable K2O) and
     
  • Inferred Resource:  327.4 MMt in place sylvinite grading 36.4% KCl or 23.0% K2O (32.7 MMt recoverable KCl, or 20.7 MMt recoverable K2O).

Details of the conventional Indicated and Inferred resource are presented in Table 2 as follows:

Table 2: Conventional Mining Scenario Indicated and Inferred Mineral Resource
 

Conventional Mining Scenario
Indicated Resource Summary*
Member Thickness 
(m)
Average 
K2
Grade 
(%)¹
Average 
KCl Grade 
(%)¹
In-Place 
Sylvinite 
Tonnage 
(MMT)²
Net K2
Resource 
(MMT)³
Net KCl 
Resource 
(MMT)³
Net KCl 
Resource 
Per Section 
(MMT/Sec)4
Lower Patience Lake 3.30 24.36 38.56 117.25 7.91 12.53 1.90
Belle Plaine 5.07 22.09 34.97 344.29 21.06 33.34 2.65
Totals 8.37 22.87 36.20 461.54 28.98 45.87 4.55
Inferred Resource Summary**
Member Thickness 
(m)
Average 
K2
Grade 
(%)¹
Average 
KCl Grade 
(%)¹
In-Place 
Sylvinite 
Tonnage 
(MMT)²
Net K2
Resource 
(MMT)³
Net KCl 
Resource 
(MMT)³
Net KCl 
Resource 
Per Section 
(MMT/Sec)4
Lower Patience Lake 3.31 24.14 38.21 88.61 5.93 9.39 1.89
Belle Plaine 5.15 22.28 35.27 238.83 14.74 23.33 2.71
Totals 8.46 22.96 36.35 327.44 20.67 32.72 4.59

*Search Radius: 2.0km (between drill holes); MMT = million tonnes; Density used is 2.08; KCl = 1.58303 K2O
**Search Radius: 2.0km inner radius and 5.0km outer radius (between drill holes); MMT = million tonnes; Density used is
2.08; KCl = 1.58303 K2O
1 "Average K2O Grade" and "Average KCl Grade" refer to the weighted averages.
2 " In-Place Sylvinite Tonnage"   refers to Volume of Rock*Density of Sylvinite in the project area.
3 "Net K2O Resource" and "Net KCL Resource" refer to total amount of extractable K2O and KCl resource in the project area. (Volume of Rock*Density of Sylvinite*Grade*Deductions).  Deductions include 10% for unknown anomalies, a 35% extraction ratio, and 12% for plant losses.
4  Assuming 640 acres (2589988.11 m2) per section.

The resource estimate was prepared in accordance to the NI 43-101 guidelines of the Canadian securities regulators.  As required by NI 43-101, a technical report to support the resource estimate will be filed with SEDAR and be publically available within 45 days following the date of this news release.

James Walchuck, President and CEO of Encanto commented "Encanto is obviously very pleased with the resource calculations which have clearly established a substantial resource on the Muskowekwan First Nation Home Reserve.  The resource easily justifies a Preliminary Economic Assessment (PEA) which will be conducted by Wardrop, A Tetra Tech Company, ("Wardrop") A Tetra Tech engineering firm based in Saskatoon, Saskatchewan.  The PEA will apply engineering and economic principles to determine the best financially advantageous method for the future Pre-Feasibility and Feasibility studies.   Wardrop's team will carry out the PEA starting April 2011 and is expected to issue a draft report in the third quarter of this year."

About Wardrop, A Tetra Tech Company:
Wardrop, a leading provider of Engineering Consulting services to the Potash and Mining Industries, has relevant recent experience conducting studies for projects of this nature both within Canada and internationally.

The Wardrop team, assembled to complete this project, specifically, has experience in the following areas:

  • Experience and familiarity with the potash industry, past and present as demonstrated by our 50 years experience in our work at active Saskatchewan mine sites.
     
  • More than 40 years of experience directly with the Saskatchewan potash mining industry.
     
  • Experience with potash related scoping, pre-feasibility, feasibility studies along with existing plant capacity studies.

For additional information about Wardrop, a Tetra Tech Company, please visit the Company's website atwww.wardrop.com.

Tabetha Stirrett, P. Geo., of North Rim Exploration Ltd., is the Qualified Person (as defined by NI 43-101) for having prepared the mineral resource estimates and scientific and technical information in this press release and has reviewed the results as reported in the tables above.  She also reviewed and approved all content in this press release.  Tabetha Stirrett was the individual responsible for the supervision of data collection used to calculate the resource and adhered to strict QA/QC protocol.

About Encanto:
Encanto Potash Corp. is a TSX Venture Exchange-listed Canadian resource company engaged in the exploration and development of potash properties in the Province of Saskatchewan, Canada, the largest producing region for potash in the world.

For additional information about Encanto Potash Corp., please visit the Company's website atwww.encantopotash.com or review the Company's documents filed on www.sedar.com.

ON BEHALF OF THE BOARD OF DIRECTORS
 

  
Per:
"James Walchuck"
 
  James Walchuck
President and CEO

NEITHER 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.

THE FOREGOING INFORMATION MAY CONTAIN FORWARD-LOOKING INFORMATION RELATING TO THE FUTURE PERFORMANCE OF THE COMPANY. FORWARD LOOKING INFORMATION IS SUBJECT TO A NUMBER OF KNOWN AND UNKNOWN RISKS, UNCERTAINTIES AND OTHER FACTORS THAT MAY CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE ANTICIPATED IN OUR FORWARD LOOKING STATEMENTS. SUCH RISKS AND OTHER FACTORS INCLUDE, AMONG OTHERS, THE ACTUAL RESULTS OF EXPLORATION ACTIVITIES, CHANGES IN WORLD COMMODITY MARKETS OR EQUITY MARKETS, THE RISKS OF THE MINING INDUSTRY INCLUDING, WITHOUT LIMITATION, THOSE ASSOCIATED WITH THE ENVIRONMENT, DELAYS IN OBTAINING GOVERNMENTAL APPROVALS, PERMITS OR FINANCING OR IN THE COMPLETION OF DEVELOPMENT OR CONSTRUCTION ACTIVITIES, TITLE DISPUTES, CHANGE IN GOVERNMENT AND CHANGES TO REGULATIONS AFFECTING THE MINING INDUSTRY, AND OTHER RISKS AND UNCERTAINTIES DETAILED FROM TIME TO TIME IN THE COMPANY'S FILINGS WITH THE CANADIAN SECURITIES ADMINISTRATORS (AVAILABLE ATWWW.SEDAR.COM). FORWARD-LOOKING STATEMENTS ARE MADE BASED ON VARIOUS ASSUMPTIONS AND ON MANAGEMENT'S BELIEFS, ESTIMATES AND OPINIONS ON THE DATE THE STATEMENTS ARE MADE. SHOULD ONE OR MORE OF THESE RISKS AND UNCERTAINTIES MATERIALIZE, OR SHOULD UNDERLYING ASSUMPTIONS PROVE INCORRECT, ACTUAL RESULTS MAY VARY MATERIALLY FROM THOSE DESCRIBED IN THE FORWARD-LOOKING INFORMATION CONTAINED HEREIN. THE COMPANY UNDERTAKES NO OBLIGATION TO UPDATE FORWARD-LOOKING STATEMENTS IF THESE ASSUMPTIONS, BELIEFS, ESTIMATES AND OPINIONS OR OTHER CIRCUMSTANCES SHOULD CHANGE, EXCEPT AS REQUIRED BY APPLICABLE LAW

 
post #149 of 169

told you bottom was in lol   nice

post #150 of 169

good call....

too bad i sold last week at .39

post #151 of 169

Should get back to 52 week high in no time...probably by tuesday at the latest ! Good luck to all !

post #152 of 169

Buckle up here...people have started reading the news this weekend and it is indeed HUGE. Could EPO be a potential buyout target for BHP Billiton ? Stock could rebound to over 1$ as early as this week. The buying pressure will be insane at the open on monday !

post #153 of 169

wished i had more .i have a bid in under the ask of course .highly doubt it will get filled.these drill results were good from what i understand and on only 10% of the  property.something about the mineral rights designation process on the rest .dont think there are problems just the red tape.holding until the resource estimate is revised at least. glta

 

post #154 of 169

This is the kind of stock I have been waiting for in a long timeeeeeeeeee ! They don't come by often but when they do, make sure to catch them ! I'm most probably aiming for 2$ a share ! Good luck to all !

post #155 of 169

any ideas why this stock has struggled today?have i misinterpreted the press release in some way?thx in advance

post #156 of 169

Hard to say really, there is absolutly no readon for this stock to go down on such news...must be manipulation at its best ! Hold on to your shares !

post #157 of 169

buy the dip?

post #158 of 169

I have been keeping an eye on EPO but I am not tempted to buy back in.  It might be attractive for day traders maybe...  The stock price jumps around for no apparent reason on huge volume.  I don't like to invest in things I can't understand!

post #159 of 169

That 30c level will be a challenge

post #160 of 169

Encanto Potash Corp. announces date of First Nations Treaty Land Entitlement vote and decision to begin early drilling on TLE lands

1:00PM ET on Thursday Aug 04, 2011 by CNW Group

TRADING SYMBOL: TSXV EPO

 

Encanto Potash Corp. ("Encanto" or the "Company") (TSXV: EPO) (OTCQX: ENCTF) is pleased to report that a date has been set for the Treaty Land Entitlement designation vote for the Muskowekwan First Nation. The designation vote will be held on Saturday October 1(st), 2011.

 

The vote will take place both on the Home Reserve and through mailed ballots, under the authority of Aboriginal Affairs and Northern Development (AAND), formally known as Indian and Northern Affairs Canada (INAC).

 

Muskowekwan Chief Reginald Bellerose commented: "We're very happy to get to this point where our people can vote for their future prosperity. A successful vote means a future not only of long term royalties but employment opportunities as well. This is a very important date for our people, and we look forward to working with our partner Encanto to develop Saskatchewan's next modern potash mine."

 

Further to this development, Encanto is pleased to announce that it will be mobilizing a rig to begin drilling on the TLE Lands prior to the completion of the Treaty Land Entitlement designation vote.

 

Encanto President Jim Walchuck explains: "We're seeing very positive responses from both the off-reserve and on-reserve preliminary meetings with the Muskowekwan membership. We are now very confident in a successful designation vote to include the additional 15,500 acres of Treaty Land Entitlement Lands into our existing joint venture. Based on the positive preliminary response to the pending vote and with the vision of expediting a new resource estimate for the Company, Encanto is proceeding to mobilize a rigto drill two (2) further confirmatory wells as soon as feasible. The additional holes and completion of the designation process will allow North Rim Consulting to calculate and issue an updated 43-101 compliant and expanded resource estimate."

 

About Encanto: Encanto Potash Corp. is a TSX Venture Exchange-listed Canadian resource company engaged in the exploration and development of potash properties in the Province of Saskatchewan, Canada, the largest producing region for potash in the world.

 

For additional information about Encanto Potash Corp., please visit the Company's website at www.encantopotash.com or review the Company's documents filed on www.sedar.com.

ON BEHALF OF THE BOARD OF DIRECTORS

 

      "James Walchuck"

Per:  __________________

      James Walchuck

      President and CEO





NEITHER 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.

 

THE FOREGOING INFORMATION MAY CONTAIN FORWARD-LOOKING INFORMATION RELATING TO THE FUTURE PERFORMANCE OF THE COMPANY. FORWARD LOOKING INFORMATION IS SUBJECT TO A NUMBER OF KNOWN AND UNKNOWN RISKS, UNCERTAINTIES AND OTHER FACTORS THAT MAY CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE ANTICIPATED IN OUR FORWARD LOOKING STATEMENTS. SUCH RISKS AND OTHER FACTORS INCLUDE, AMONG OTHERS, THE ACTUAL RESULTS OF EXPLORATION ACTIVITIES, CHANGES IN WORLD COMMODITY MARKETS OR EQUITY MARKETS, THE RISKS OF THE MINING INDUSTRY INCLUDING, WITHOUT LIMITATION, THOSE ASSOCIATED WITH THE ENVIRONMENT, DELAYS IN OBTAINING GOVERNMENTAL APPROVALS, PERMITS OR FINANCING OR IN THE COMPLETION OF DEVELOPMENT OR CONSTRUCTION ACTIVITIES, TITLE DISPUTES, CHANGE IN GOVERNMENT AND CHANGES TO REGULATIONS AFFECTING THE MINING INDUSTRY, AND OTHER RISKS AND UNCERTAINTIES DETAILED FROM TIME TO TIME IN THE COMPANY'S FILINGS WITH THE CANADIAN SECURITIES ADMINISTRATORS (AVAILABLE AT WWW.SEDAR.COM). FORWARD-LOOKING STATEMENTS ARE MADE BASED ON VARIOUS ASSUMPTIONS AND ON MANAGEMENT'S BELIEFS, ESTIMATES AND OPINIONS ON THE DATE THE STATEMENTS ARE MADE. SHOULD ONE OR MORE OF THESE RISKS AND UNCERTAINTIES MATERIALIZE, OR SHOULD UNDERLYING ASSUMPTIONS PROVE INCORRECT, ACTUAL RESULTS MAY VARY MATERIALLY FROM THOSE DESCRIBED IN THE FORWARD-LOOKING INFORMATION CONTAINED HEREIN. THE COMPANY UNDERTAKES NO OBLIGATION TO UPDATE FORWARD-LOOKING STATEMENTS IF THESE ASSUMPTIONS, BELIEFS, ESTIMATES AND OPINIONS OR OTHER CIRCUMSTANCES SHOULD CHANGE, EXCEPT AS REQUIRED BY APPLICABLE LAW.

 

To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/August2011/04/c9475.html

 

SOURCE: Encanto Potash Corp.

James Walchuck President and CEO Tel: 604-683-2402                   Fred Leigh
Vanguard Shareholder Solutions Tel: 604-608-0824 Tel: 1-866-918-0824

 

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