Trigon Announces that Intercontinental Potash Corp. Acquires Utah State Land In Respect of Dove Creek Potash Project
Mr. Sidney Himmel, President and CEO of Trigon Uranium Corp. , and President and CEO of Intercontinental Potash Corp., is pleased to announce that Intercontinental Potash, owned 38 percent by Trigon, has been awarded Utah State Land located in the Dove Creek Project area of interest by way of potash state auction. Further, Trigon announces that Mr. Kevin Strong has been appointed Chief Financial Officer of Trigon and also Chief Financial Officer of Intercontinental Potash Corp.
Intercontinental has three projects in the Paradox Basin of Utah and Colorado. As described in the Trigon press release of June 17th 2008, “Twenty-nine evaporite cycles have been identified in the Paradox Basin of Utah and Colorado. The potash consists mainly of sylvite and is present over an area of about 2,500 square miles. A massive area of potash deposits occurs in the Paradox Formation. The Dove Creek Project encompasses an area of interest of the Paradox Formation, which is located in Utah’s San Juan County and Colorado’s Dolores and Montezuma Counties. The target is in cycle 18 of the middle Pennsylvanian Paradox Formation. The area of interest of the Dove Creek project includes approximately 10,000 acres of the Bureau of Land Management (BLM) lands located in the State of Utah, 3,000 acres of BLM lands in the State of Colorado, and approximately 2,600 acres of land held by Utah. A Utah State Land auction for potash was held this week and Intercontinental Potash Corp. acquired approximately 2,600 acres, which were bid for. Prospecting Permits continue to be prosecuted in respect of the BLM Lands on a priority rights basis to Intercontinental. Intercontinental may also acquire additional fee lands (privately owned mineral rights) in the Dove Creek area of interest.
For further information
please visit www.trigonuraniumcorp.com or contact: Trigon Uranium Corp., Sidney Himmel, President and CEO, T: (303) 216-2916 CHF Investor Relations, Jeanny So, Director of Operations, T: (416) 868-1079 x 225, firstname.lastname@example.org
Jacqueline Wagenaar, Account Manager, T: (416) 868-1079 x 289, email@example.com