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TORONTO, ONTARIO–(Marketwired – June 17, 2014) – Potash Ridge Corporation (“Potash Ridge”) (TSX:PRK)(OTCQX:POTRF) today announced that the Utah Division of Water Quality(“UDWQ”) has posted a Public Notice of Intent to Issue Ground Water Discharge Permit (the “Notice”) for the Blawn Mountain Project (the “Project”).
The UDWQ agreed that water drained from the intended tailings facility at the Project is of similar quality to the receiving ground water. Protection of ground water will be insured under this permit by regular sampling and analysis of both the tailings water and ground water down gradient from the tailings area and impoundments. In connection with the Notice, a 30-day public comment period commenced, ending July 16, 2014. The issuance of the Ground Water Discharge Permit will clear another major permitting hurdle for the Project.
About Potash Ridge
Potash Ridge is a Canadian based exploration and development company focused on developing a surface alunite deposit in southern Utah called the Blawn Mountain Project. It is expected to produce a premium fertilizer called sulphate of potash and a possible alumina rich by-product.
Located in Utah, a mining friendly jurisdiction with established infrastructure nearby, the Project is expected to produce an average of 645,000 tons of SOP per annum over a 40 year mine life. A NI 43-101 compliant Prefeasibility Study completed in November 2013 by Norwest Corporationdemonstrated that the Project is both technically and economically viable. The Prefeasibility Study, entitled “NI 43-101 Technical Report Resources and Reserves of the Blawn Mountain Project,Beaver County, Utah” dated effective November 6, 2013 is available on SEDAR.
Potash Ridge has a highly qualified and proven management team with significant financial, project management and operational experience and the proven ability to take projects into production.
Contact Information:
Potash Ridge Corporation
Niall Murphy
Manager of Investor Relations
416.362.8640 ext. 101
[email protected]
