Dec 26 2013
Potash Ridge Corporation ("Potash Ridge" or the "Corporation") today announced it has filed its "Notice of Intention to Commence Large Mining Operations" with the Utah Division of Oil, Gas and Mining for the Blawn Mountain Sulphate of Potash Project. This major permit application has been filed in compliance with Utah minerals mining rules for permitting large mining operations in the state.
"Our filing of this Notice is another significant milestone culminating from considerable effort over the last 12 months," said Guy Bentinck, President and Chief Executive Officer. "The Corporation has made major advances on the Project since we started development just over two years ago. A strong economic case, based on 40 years of mineable reserves at Blawn Mountain was reported in the positive Prefeasibility Study completed last month. The Blawn Mountain Project will create important jobs in Beaver County and surrounding areas, and the Corporation will be working closely with Utah State and County officials to continue to advance the Project."
The Large Mining Permit required major environmental and baseline assessments, which were completed over the last year. No issues that would impede project development were identified, and assessments have been utilized to develop best practices for mining and reclamation for the site.
Potash Ridge anticipates that the efficient review process in place in Utah will result in a timely approval of its application.
The Prefeasibility Study entitled "NI 43-101 Technical Report Resources and Reserves of The Blawn Mountain Project, Beaver County, Utah" by Norwest Corporation (the "Technical Report") is available on SEDAR at www.sedar.com.
About Potash Ridge
Potash Ridge is a Canadian based development company with a unique opportunity to develop a sulphate of potash and alumina project into long-term mining production.
The Company's Blawn Mountain Project consists of four areas of surface mineable alunite mineralization in the State of Utah. Alunite is a sulfate mineral ore rich in both sulphate of potash and alumina.
Located in a mining friendly jurisdiction with established infrastructure nearby, the project covers approximately 15,404 acres of state-owned land and has a known permitting process. Extensive development was completed in the 1970s including a mine plan, feasibility study and 3-year pilot plant operation.
Potash Ridge has a highly qualified and proven management team in place with significant financial, project management and operational experience and the ability to take projects into production.
Source: http://www.potashridge.com