Potash North Resource Corporation
TSX VENTURE : PON

Potash North Resource Corporation

July 17, 2008 11:57 ET

Potash North Engages Boyd Petro Search for 2D Survey

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 17, 2008) - Potash North Resource Corporation ("Potash North" or the "Company") (TSX VENTURE:PON) has retained Boyd Petro Search ("Boyd") of Calgary, Alberta to conduct a 2D seismic survey of the KP 416 and KP 417 permit areas (the "Permit Area").

The Technical Report (filed on Sedar July 7, 2008) recommends that in order to obtain an estimate of the potash potential of the Permit Area a 2D seismic survey be conducted followed by local 3D seismic surveys and selected drilling to investigate the continuity of the deposit by identifying portions of the ground that may contain anomalies that affect potash mineralization. While drill holes offer a valuable vertical profile through the Prairie Evaporite Formation, drill holes alone do not provide information as to the lateral extent of the potash beds or any anomalies affecting them. For this purpose, reflection seismic surveys offer the possibility to map the lateral extent of any anomalies related to large-scale alteration of the Prairie Evaporite Formation.

This Phase I of the program entails the acquisition of any seismic data that exists in the vicinity of the Permit Area, specifically in the western portion of KP 417 and the southern portion of KP 416 for interpretation and to aid in the design of drill programs.

The work program recommended for this extensive project during Phase I is summarized as follows:

1. Acquire seismic data and borehole data: Preliminary indications are that there is no significant existing 2D seismic data from the Permit Area. If additional existing 2D seismic data is found and accessed then that data should be re-analyzed and incorporated in subsequent planning for the site-specific 2D seismic survey.

2. Design and implement an extensive 2D seismic survey of the western and southern portions of KP 417 and the southern areas of KP 416. This survey is expected to include 351 linear kilometers of survey lines spaced on a 4 mile grid to detect any significant structural and collapse features, and to map the northern limit of the Prairie Evaporite sequence.

Boyd has begun the government approval process and has begun seeking any necessary right of access permits of individual land holders in the survey area. The survey itself will take about 40 days to conduct and 28 days to process and provide an initial interpretation for the purpose of identifying potential drill targets.

The technical content in this news release has been read and approved by Stephen P. Halabura P. Geo., a consultant to Potash North and Principal Geologist and Owner of North Rim Exploration Ltd., a Professional Geologist licensed in Saskatchewan and a Qualified Person as defined by NI 43-101. Mr. Halabura is independent of Potash North.

ON BEHALF OF THE BOARD

Craig A. Angus, President

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Potash North Resource Corporation
    Arlen Hansen
    (604) 684-6730