Raytec Metals Corp. (the "Company") (TSX-V: RAY) (FRANKFURT: XZT) (PINKSHEETS: RAYMF) is pleased to announce thereceipt of resource calculations from the Company's KP441 PotashDisposition Application ("KP441") located in south central Saskatchewan.
KP441 was the Company's first potash acquisition within the Saskatchewanpotash basin and accounts for 88,320 acres of the Company's total landpackage of 291,330 acres under application. After reviewing data fromhistoric drilling on KP441, the Company contracted Agapito Associates, Inc("Agapito") to prepare a NI43-101 report for the newly acquired KP441disposition. Agapito is a professional organization of engineers andgeologists with over 25 years experience in Mining and Civil Engineeringand Geology. Mr. Joseph E. Crawford L.P.G. and Dr. Michael Hardy P.E. arethe qualified professionals who co-authored this technical report. Dr.Hardy has been involved with potash exploration, solution mining pilottesting, solution mining engineering studies including feasibility studies,and resource and reserve estimation since 2001. Agapito's client listincludes over 180 Mining companies, including Intrepid Mining LLC., PotashOne Inc. and Mississippi Potash.
The authors of the Company's NI43-101 technical report were able to obtaindata from historic drilling on the KP441 disposition through theSaskatchewan Ministry of Energy and Resources as well as the SaskatchewanIndustry and Resources branches. Cores from drilling in the potash richmembers of the Prairie Evaporite Formation for Canadian Exploration Ltd.holes 16-6-39 and 16-18-39, were logged, split and assayed, using anappropriate protocol and security, to provide the authors with current dataand assay results with which to prepare their report. Using results fromboth new and historic core assays, the authors were able to prepare aresource estimate for the extreme southwest corner of KP441. The resourceestimate contains both an Indicated and Inferred resource for the LowerPatience Lake, the Upper Belle Plain and Lower Belle Plain formations. Thepotash resource remains open to the north and east of the study area,truncated to the south and west by the limits of the Company's potash leaseapplication boundary.
In summary, the report estimates a total Indicated resource of 148.02million metric tonnes ("MMT") grading 23.44% K2O and an additional Inferredresource of 229.16 MMT grading 20.40% K2O.
The above noted figures calculate to a total in-place Indicated resource of34.70 MMT of K2O and a further in-place Inferred resource of 46.76 MMT ofK2O.
