Gensource launches feasibility study for proposed potash mine near Craik, Sask.

Gensource Potash Corporation announced the launch of a feasibility study for its proposed mine in Saskatchewan on Tuesday.

The Saskatoon-based company is attempting to develop a production model that is one of the first of its kind in the potash industry.

READ MORE: Saskatoon-based company hopes to bring unique potash mine to Sask.

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The study is the next step in developing the Vanguard potash area near Craik, Sask.

“We are excited to be kicking off this critical next phase of development for the Vanguard project,” said Gensource president and CEO Mike Ferguson.

“The integrated team approach for the study will help ensure validated design and production expectations and provide for construction cost estimates that exceed confidence levels provided by traditional engineering-only feasibility studies.”

READ MORE: No quick end to Saskatchewan’s potash doldrums as capacity ramps up

An integrated multi-disciplinary team of consultants and engineers will focus on production rate, mining method, processing and product transportation.

The results of the feasibility study are expected at the end of the 2017 first quarter.