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Mesa is evaluating the Pine Valley potash project located in southwestern Utah for possible acquisition. Mesa signed a letter of intent to acquire Pine Valley Potash Project in southwestern Utah, as previously released (August 25).
The deposit has a historical resource of 82.7 million tons averaging 35.5% alunite (19.5 million tons indicated and 63.2 million tons inferred). This resource is historical in nature and was calculated using US Bureau of Mines protocols which was the industry standard prior to NI 43-101 standards. Investors are cautioned not to use this information in making investment decisions.
The products of alunite are potash, as sulphate of potassium ("SOP"), sulfuric acid and alumina. The resource could theoretically support an operation producing 104,000 tons of SOP, 200,000 tons of alumina and 184,000 tons of sulfuric acid per year for more than 25 years. The deposit is shallow and would be mined by low-cost surface mining methods. The area is accessed by well maintained gravel roads, supports year round work and is 15 miles from a main line siding of the Union Pacific Railroad.
Historic drilling bottomed in alunite so the limits of mineralization remain open. Additional drilling will expand the size of the Pine Valley deposit. .
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