COLLIN GALLANT
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There’s potash northeast of Medicine Hat, says the man spearheading mineral exploration in the region, but the current economic reality may leave it undeveloped based on initial test results.
Last November, Grizzly Discoveries Inc. drilled a test hole near Burstall, Sask., but on the Alberta side of the provincial boundary. Core samples taken from a depth of about 1,648 and 1,670 metres showed “visable potash minerals’ according to a press release on Tuesday.
“We did hit some high-grade potash there, which is interesting, but our overall average isn’t economic yet,” said Brian Testo, the president of Grizzly. 
The company bought up tracts of land along the Alberta-Saskatchewan boundary over the past few years as Testo hypothisized that potash would be found and could be developed in Alberta, which he says have great business advantages compared to mining in Saskatchewan.
Initial tests have proven the presence of the sought-after fertilizer ingredient, and the company plans to examine the results more closely before proceeding.
The next step, according to Testo, is look for more capital — either through a partnership with another company or a stock offering — to develop a bigger drilling program.
The company will continue with the initial drilling program, which includes another test hole northeast of Medicine Hat.

Full story on Wednesday