03:31 PM EST - IC Potash Corp. : announced today the commencement of a program to establish the characteristics of the groundwater supply for the Southeast New Mexico Ochoa Project. Using conventional drilling techniques, ICP intends to use a brackish and non-potable water supply from two wells, which are approximately 5,400 feet deep. The target water-producing zone is the Permian-age Capitan Reef, a confined aquifer that is recognized by the New Mexico Office of the State Engineer and U.S. Geological Survey as a significant brackish water resource with a history of industrial use. IC Potash Corp.
shares T.ICP are trading up $0.10 at $1.03.
