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April 16, 2015

ENGCOMP completes first engineering study for Lazlo Potash Project in Saskatchewan

ENGCOMP completed the engineering study in conjunction with Innovare Technologies, for Gensource Potash Corporation. The study analyzed the expected capital and operating costs:

"in order to develop a model to be used for the preparation of a preliminary economic analysis in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101")."

Gensource Potash President & CEO, Mike Ferguson, said, "We are very pleased to have completed this study, on time and on budget. We are particularly pleased that the study has confirmed our initial assessment of the selective mining and innovative processing approaches we are undertaking. The potential ability to implement a small, economic mine, at a cost that may be financed in the current market context is a unique situation, and represents a strong foundation on which Gensource plans to move forward".

Read the full article on Yahoo Finance: Gensource Announces Completion of the First Engineering Study for its Lazlo Project


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