Magna Resources targets massive Sylvinite Resource in the Paradox Basin
March 17, 2013 — Mike Sieb, President of Magna Resources (CNSX: MNA), a potash play in one of North America’s most prolific potash zones in the Paradox Basin area of Utah, spoke to Tracy Weslosky, Publisher of ProEdgeWire about the Green River Potash Project. The Project has also filed to obtain prospecting permits of federal land with a goal of developing the property’s NI 43-101 Exploration Target containing a potential 600 million to 1 billion tons of potash.
Mike said that “the 43-101 technical report put out an exploration target and it’s the Cycle 5, the potash horizon that we’re targeting that looks to be in the order of 600 million to one billion tons of material”. Sieb added that “it’s a rather sizeable project in the order of 20,000 hectares and it appears that Cycle 5 is very continuous and underlies the entire extent of the property.”
Disclaimer: Magna Resources is a member of ProEdgeWire. For more information, go to www.MagnaResourcesLtd.com or www.ProEdgeWire.com.
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An accomplished entrepreneur and corporate finance professional, Tracy Weslosky is the CEO for InvestorIntel Corp. and the VP of Business Development for Bellotti Capital Partners ... <Read more about Tracy Weslosky>