Encanto Potash Corp. Exercises Repurchase Option 26,000,000 Shares Issued To Lion Energy Corp.
Encanto Potash Corp. (“the Company”) wishes to announce that it has exercised its option to repurchase a 51% interest of the Company’s existing potash properties (the “Potash Properties”) from Lion Energy Corp. (formerly Raytec Metals Corp.) (“Lion”) for 26,000,000 common shares of the Company.
Encanto Potash Corp. Hits 25% K2O (40% KCI) Within Two Potential Mineral Resource Horizons At Muskowekwan
Encanto Potash Corp. CEO James Walchuck is pleased to announce that the first drill hole at its Muskowekwan potash property in Saskatchewan returned values of 25.2% K2O (39.9% KCl) over 3.6 metres in the Patience Lake potash bed, and 25.5% K2O (40.4% KCl) over 2.4 metres in the Belle Plaine potash bed. Drilling in the lower Esterhazy Member returned values of 5.3 metres of 12.4% K2O (19.6% KCl).
Historical Surrounding Oil Wells Analysis Indicate Potash Grades And Thicknesses At Muskowekwan
Encanto Potash Corp. (“Encanto” or the “Company”) President James Walchuck is pleased to announce that the grades and thicknesses of the potash beds in historical oil wells surrounding the Company’s Muskowekwan property have been estimated in an engineering report prepared by Chapman Petroleum Engineering of Calgary (“the Report”).
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