|Colorado Potash Project Update March 2015|
Solution mining experts Agapito Associates, Inc. have completed a review of the potential for potash solution mining on the Colorado Project providing Red Metal with broad parameters to guide exploration targeting.
Indications of multiple beds of probable potassium chloride (sylvite) over good widths and grades along the axis of the Dolores Anticline and positive outcomes from the review by Agapito have reinforced the upside potential of this significant, previously untested, potash target concept.
Project economics for potash solution mining can potentially be improved by increases in the potash price, scaling the project upwards or more importantly, by increasing the well-field efficiency. Improved well-field efficiency can be achieved by solution mining thicker or higher grade intervals of sylvite from a single bed or solution mining multiple parallel sylvite beds from a single well head.
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