Mesa Exploration Files NI 43-101 Report on Utah Potash Projects, Indicates Presence of a Large Tonnage of Potash at White Cloud
04 Mai 2011 - 5:30PM
Marketwired
Mesa Exploration Corp. (TSX VENTURE: MSA)(PINK SHEETS: MSAJF)
("Mesa") is pleased to report that it has filed a technical report
under National Instrument 43-101 for the wholly owned White Cloud,
Salt Wash and Whipsaw potash projects in Utah.
The Technical Report was prepared by Dana Durgin of Delve
Consultants, a Reno Nevada based consulting geologist who fulfills
the requirements to be a 'Qualified Person' for the purposes of NI
43-101. The report is dated April 30, 2011 and is titled "Technical
Report, Geology and Mineral Resources, Utah Potash Project - White
Cloud, Salt Wash and Whipsaw Areas, Grand County, Utah". The report
may be viewed on Mesa's website www.mesaexploration.com or on the
System for Electronic Document Analysis and Retrieval (SEDAR)
www.sedar.com.
The report stated "there are at least 32 oil and gas test wells
in the White Cloud area that define the presence of a very large
tonnage of potash in several beds underlying the area controlled by
Mesa Exploration. In the Utah Potash Project areas there are at
least seven significant potash beds within 6500 feet (1982m) of the
surface, and 29 evaporite cycles in total. Each evaporite cycle
consists from bottom to top of anhydrite, silty dolomite, shale,
silty dolomite, anhydrite, and halite +/-sylvite (potash)".
The report also states that "the geology and controls of
mineralization in the immediate area of the property are reasonably
well known as a result of surface mapping and extensive oil and gas
drilling. The presence of the adjacent Cane Creek mine which has
been producing potash for 45 years, using the same process
envisioned for mining potash at the Utah Potash Project, indicates
that solution mining of potash should be feasible". The Cane Creek
mine produces 60,000 tons of potash and 210,000 tons of salt
annually.
A Phase I drilling program will be implemented, with rotary and
spot core drilling at each of the projects, upon approval of the
applications. Mesa is currently creating a 3-D model of the potash
horizons using historic oil and gas well data.
About Mesa Exploration
Mesa is developing and exploring a portfolio of mineral
properties in the United States where it controls significant land
holdings. The goal for 2011 is to advance the Green Energy Project,
a large brine deposit containing 40% dissolved solids. The brine
contains Lithium, Potash, Magnesium, Boron, Bromine and other
potentially valuable minerals. All projects are within proven
mining districts with excellent access and infrastructure. Mesa
currently has 12.6 million shares issued and outstanding, and has
no debt. For further information please visit our website at
www.mesaexploration.com.
ON BEHALF OF THE BOARD
MESA EXPLORATION CORP.
Foster Wilson, President and CEO
This news release includes certain statements that may be deemed
"forward-looking statements". All statements in this release, other
than statements of historical facts, including the likelihood of
commercial mining and possible future financings are
forward-looking statements. Although the Company believes the
expectations expressed in such forward-looking statements are based
on reasonable assumptions, such statements are not guarantees of
future 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 unsuccessful exploration
results, changes in metals prices, changes in the availability of
funding for mineral exploration, unanticipated changes in key
management personnel and general economic conditions. Mining is an
inherently risky business. Accordingly the actual events may differ
materially from those projected in the forward-looking statements.
For more information on the Company and the risks and challenges of
its business, investors should review the Company's annual filings
that are available at www.sedar.com.
The TSX Venture Exchange has neither approved nor disapproved of
the contents of this news release.
Contacts: Mesa Exploration Corp. Corporate Communications
775-824-4533 www.mesaexploration.com
Mesa Exploration (TSXV:MSA)
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