Vancouver-Raytec Metals Corp. said July 17 that it has its first exploration permit from the government of Saskatchewan on the company’s KP441 potash claim in central Saskatchewan. The company is now in the process of awarding a contract for the commencement of 2D and 3D seismic work on the claim in advance of a proposed phase two drill program. The permit grants the company the right to explore approximately 55,436 acres of the claim block in an area of both highly prospective properties and producing potash mines. In addition, the company is also seeking a permit for another 8,640 acres, located directly southwest of Raytec’s KP441 potash disposition within an area of influence to the company’s recently announced NI43-101 resource estimate. This area lies within BHP Billiton’s KP279 and KP305 potash dispositions. The company is now awaiting the receipt of exploration permits on its KP455, KP466, and KP467 claims, which are contiguous with the KP441 potash claim along with the KP452 potash claim in south-central Saskatchewan. These claims cover an additional 202,560 acres.
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