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IC Potash Completes Two Deep Groundwater Wells and Initiates Hydraulic Optimization Studies at Ochoa Sulphate of Potash Mine and Processing Sites

Posted by Priyaranjan Sahoo Published on Mon, 2012-07-23 16:47
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News article

Date:
Mon, 2012-07-23 16:46
Location:
Toronto, Canada
Wired:
www.icpotash.com

IC Potash Corp. ("ICP" or the "Company") (TSX: ICP, OTCQX: ICPTF) today announced that the Company has completed its two deep groundwater production wells which will be used to supply water to its Ochoa Sulphate of Potash Project in Lea County of southeast New Mexico. The Company has also commenced pumping tests at full planned capacity to demonstrate to the New Mexico Office of the State Engineer and to the Bureau of Land Management that the hydraulic properties of the water being drawn from the Capitan Reef satisfy regulatory requirements.   The results of the test are expected to be announced within the next 60 days. Randy Foote, Chief Operating Officer of ICP, stated, “The completion of our two permitted groundwater wells and the commencement of the testing at full production water capacity mark the achievement of critical project development milestones and position us to proceed on our planned timelines for the bankable Feasibility Study and the Environmental Impact Study, both of which are actively underway.”