Vancouver-Western Potash Corp. announced on June 1 that it has granted 1,000,000 stock options to directors, officers, employees, and consultants of the company, at a price of $0.50 per share. The options will expire five years from the date of issuance. The company also reported that it has received an NI 43-101 compliant Mineral Resource Estimate for its Milestone property in southern Saskatchewan that “significantly upgrades the Milestone potash resource.” The resource estimate, prepared by Agapito Associates Inc. of Grand Junction, Colo., shows 41 million mt of Measured Resource (contained KCl), 133 million mt of Indicated Resource, and 560 million mt of Inferred Resource. “We are very pleased with the results of this report which demonstrates that our resource can support an annual potash production rate of 3 million tonnes for well over 40 years,” said Patricio Varas, Western Potash president and CEO. “We are now awaiting the delivery of our Scoping Study towards the end of July. The directors expect that the report will confirm that our Milestone Solution Mining project is indeed a world class asset.”
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