Monday, August 25, 2008

Raytec Metals Corp. to Begin 2D Seismic Survey on KP441 Potash Claim

Raytec Metals Corp., has engaged the services of Kinetex Inc., a subsidiary of FirstGrowth-EDS , to conduct 2-D seismic work on its Saskatchewan KP441 potash claim in advance of a proposed phase one drill program.

The Company recently received its exploration permits on the KP441 and KP452 potash claims, covering 91,549 acres, from the Saskatchewan Ministry of Energy and Mines. In June 2008, a NI43-101 compliant resource was established on the southwest portion of the KP441 claim using data from two historic holes drilled by Canadian Exploration Ltd. in 1969. The resource estimation, which covers approximately 17% of claim KP441, includes a net recoverable indicated resource of 12.49 million metric tonnes of K2O and a net recoverable inferred resource of 12.24 million metric tonnes of K2O. read more

Source: Raytec Metals Corp.

0 comments: