Toronto-PhosCan Chemical Corp. and Baltic Resources Inc., joint partners in the Martison Phosphate Project in Heart, Ont., have announced a $6.5 million, 80 hole drilling program at some 60 locations, focused on moving the project towards a bankable feasibility study. They plan to immediately commence the feasibility study upon completion of the pre-feasibility study, which is expected by early March 2008. Phosphate rock from the winter program pilot plant testing will be used in phosphoric acid and fertilizer manufacturing testing and process refinement. PhosCan has also announced that it has entered into a pre-mining exploration agreement with the Constance Lake First Nation, which claims traditional lands rights on property where the Martison project is located. In other news, PhosCan and Baltic expect to complete their merger of their ownership in Martison in early March.
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