Encanto announces agreement on large new potash property
Encanto Potash Corp. announce that it has signed an Exploration Participation Agreement (EPA) with the Muskowekwan First Nations in Saskatchewan. The Muskowekwan EPA lands are located approximately 100 kilometres north of Regina, and consist of 43,000 acres of gentle rolling plains.
Several oil wells drilled all around the Muskowekwan EPA lands have shown potash beds are regionally present in the stratigraphy.
“I want to thank the Muskowekwan First Nations for having confidence in us to develop these lands,” said Encanto’s Chief Executive Officer James Walchuck. “We believe that this land package is large enough that it could support a mine if we find enough economic mineralization. Our team is mobilized and ready to move forward on the lands contained in the Muskowekwan EPA.”
Encanto plans to start a 2D seismic survey on the EPA lands as soon as the necessary permits are obtained. Encanto anticipates that the Indian and Northern Affairs Canada (INAC) permits will be issued within two weeks.
This is seventh EPA that Encanto has signed with First Nations in Saskatchewan, totaling approximately 187,000 acres. This does not include the Spar Property that has recently been purchased from Raytec Metals.
