Calgary-Anglo Minerals Ltd. announced Jan. 10 that it is pleased with the results of data it has received from its most recent seismic report, the 2D seismic survey conducted in the fall of 2007. It was done on behalf of the Saskatchewan Potash Joint Venture formed between Anglo (25 percent) and BHP Billiton Diamonds Inc. (75 percent) to pursue the development of a greenfield potash mine in Saskatchewan. The data was gathered over a distance of approximately 1,425 kilometres, making it one of the largest seismic programs of its kind ever conducted in Western Canada. “We were very pleased with the quantity and quality of information obtained through the seismic program,” said Todd Montgomery, Anglo president. “The data supports our geological modeling. Basically, after reviewing the seismic interpretation, the jv has increased its area of primary interest as the seismic data indicates that the potash resource may possibly be larger and more contiguous than originally thought. We like what we’ve seen so far, and feel positive about the prospects for both our project and the potash markets in general. We’ll know more once we’ve completed the 3D program.” On Nov. 1, 2007, the jv initiated a follow-up 3D seismic program that is expected to cover approximately 419 square kilometers over the expanded focus area of the jv in central Saskatchewan. The 3D seismic program is to be conducted at an anticipated cost of approximately US$16 million.
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