Vancouver-Mountain Capital Inc. said June 26 that it has signed a letter of intent with Utah Uranium Corp. (UUC) to option the Ernestina Lake Potash property located in the Province of Alberta, Canada. UUC acquired potash permit applications covering a total of 474,000 contiguous acres in eastern Alberta, on the Saskatchewan border. To date, a total of 19 permits have been received by UUC, covering a total of 355,300 acres. UUC anticipates receipt of the outstanding applications shortly. According to an overview of work conducted by Royal American Petroleums Ltd. in 1966 filed with the Alberta Geological Survey in Mineral Assessment Report (19660009), “The geological strata and basinal effects in the Vermilion area are closely related to the potash-rich areas of Esterhazy, Saskatoon and Unity.”
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