Mosaic misses quarterly profit estimates, finance chief to retire
Mosaic had cut its Q3 production forecast following equipment failures in Canada and hurricanes at the US Gulf Coast.
Mesa Exploration Corp. (TSX VENTURE:MSA)(PINK SHEETS:MSAJF) has acquired the White Mountain Potash Project in western Utah consisting of approximately 1,700 acres of Federal Potash Permit Applications.
Potash occurs at the White Mountain project in the mineral alunite. The commercial products from alunite are potash, as sulfate of potassium (“SOP”), sulfuric acid and alumina. The potential deposit is shallow and would be mined by low-cost surface mining methods. The area is accessed by well- maintained gravel roads, supports year round work and is 12 miles from the Union Pacific Railroad.
Additionally, Mesa has filed for 350 acres of Federal Potash Permit Applications consisting of approximately 7% of the Blawn Mountain alunite deposit, the largest known alunite deposit in North America. Both Blawn Mountain and White Mountain will be evaluated this year by surface sampling, mapping and historic data reviews.
Mesa has elected not to pursue the Pine Valley alunite project (see News Release dated August 25, 2010) which is located 4 miles to the west of White Mountain.
About Mesa Exploration Corp.
Mesa is exploring a portfolio of premier mineral properties in the United States where it controls significant land holdings. The goal for 2011 is to advance the Green Energy Project, a large brine deposit containing 40% dissolved solids. The brine contains Lithium, Potash, Magnesium, Boron, Bromine and other potentially valuable minerals. All projects are within proven mining districts with excellent access and infrastructure. Mesa currently has only 12.6 million shares issued and outstanding, and has no debt. For further information please visit our website at www.mesaexploration.com.
