IC Potash Adds Management Strength with Experienced New Mexico Potash Professionals
June 08 2011 - 7:00AM
PR Newswire (Canada)
TORONTO, June 8, 2011 /CNW/ -- TORONTO, June 8, 2011 /CNW/ - IC
Potash Corp. (TSXV: ICP), (OTCQX: ICPTF) ("IC Potash"), a Sulphate
of Potash ("SOP") developer in New Mexico, is pleased to announce
the addition of Tom McGuire as Director of Technical Services,
Mining Engineering, and Allen Hall as Senior Geologist, to IC
Potash's experienced management team. Sidney Himmel, President and
CEO of IC Potash commented, "We welcome Tom and Allen to the
IC Potash management team. We highly value their vast geological
and mining knowledge of New Mexico. Their technical experience
complements our existing potash mining leadership and supports our
goal to be the next international SOP producer." Mr. McGuire earned
his Bachelor of Science in Mining Engineering Degree from the New
Mexico Institute of Mining and Technology. Mr. McGuire has
worked in the potash industry for major New Mexico potash
producers in the Carlsbad area, for 17 years, as a senior mine
engineer and Chief Mine Engineer. Mr. Hall earned his Bachelor of
Science, Geology from Sul Ross State University. Mr. Hall has
worked as an exploration geologist and as a mine geologist for 26
years with recent experience in the potash industry of New
Mexico. Mr. Hall has worked as a project manager,
project geologist, and mine geologist at two potash mines in New
Mexico. About IC Potash Corp. IC Potash intends to become a primary
producer of Sulphate of Potash ("SOP") by mining its 100%- owned
potash Ochoa property in New Mexico. IC Potash's Ochoa property
consists of over 100,000 acres of federal subsurface potassium
prospecting permits and the State of New Mexico Potassium mining
leases. IC Potash is focused on being the lowest cost
producer of SOP in the world, a market that is six million tonnes
per year and growing. SOP is a non-chloride based potash
fertilizer that sells at a substantial premium (50% on average)
over the price of Muriate of Potash ("MOP"), the most widely used
fertilizer in the world. SOP is a significant fertilizer in the
fruit, vegetable, tobacco, potato, and horticultural industries,
and for agriculture in saline and dry soils and soils in which
there is agriculture with varieties of crops. NEITHER THE TSX
VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM
IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
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Himmel at 416-624-3781 or 575-993-2758 /p
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