Athabasca reports movement on Burr project

Saskatoon-Upstart potash exploration company Athabasca Potash Inc. is on the move to explore its Burr Project near the town of Lanigan. It reports that Boyd Exploration Consultants Ltd. has completed a 3D seismic survey over a portion of the project area. Athabasca has also engaged Wardrop Engineering Inc. to complete the enhanced scoping study for the project; it is expected to be completed in the first half of 2008. In addition, Athabasca has received the analytical results from the drill core submitted to the Saskatchewan Research Council in late 2007. Approximately 250 samples from five new drill holes completed in the fall of 2007 were submitted. Athabasca is compiling the assay results and expects them to be available by the end of January. “This is a very exciting time for Athabasca,” said Dawn Zhou, president. “We are being very aggressive in completing the necessary ground work to move the project ahead as rapidly as we can. The fundamentals that support the need for a new Saskatchewan potash mine continue to exist despite the challenges facing the North American economy. The changing diets in the growing middle-class in the emerging markets of Asia will continue to drive the demand for potash.”