Mar 17 2016
Crystal Peak Minerals Inc. is pleased to announce completion of the fieldwork portion of its feasibility study currently underway on its premium specialty fertilizer project on the Sevier Playa in southwestern Utah, U.S.A.
The findings from this fieldwork have confirmed or exceeded many technical metrics used to develop Crystal Peak's preliminary feasibility study ("PFS") that was completed in 2013. Based upon meeting these technical markers, the Board of Directors has approved going forward with the remaining phases of the FS and permitting process.
"This is the most significant milestone we have achieved since being awarded the concession on the Sevier Playa in 2011," said Lance D'Ambrosio, Chief Executive Officer of Crystal Peak. "These very positive results provide Crystal Peak with the catalyst needed to push forward with the final pre-construction activities."
The primary objectives of the FS fieldwork program included improving Crystal Peak's understanding of playa hydrology, geotechnical data collection, continuing the development of a numeric model to evaluate playa hydrology and resource recovery, and the advancement of environmental permitting. Crystal Peak completed trench tests and a drill program that provided brine and sediment analysis needed to improve the understanding of the brine resource zones. It also completed an aerial survey of the playa, continued evaporation analysis, laboratory work, and a potentiometric survey to support the numeric model.
Trench and well tests were concluded in December, 2015. Since then flow tests have been underway providing results that will be used to finalize the FS, the environmental impact statement, and other required permits. Crystal Peak has initiated the FS process by submitting requests for proposals from various engineering companies that have recent and relevant potash experience.
Source: http://crystalpeakminerals.com/