Highlights
- 15-10 Source Well – located on the Initial Production Module (“IPM“) pad – intersected 20.5m of net sylvinite grading 39.4% sylvite (KCl);
- Belle Plaine Member at 15-10 – the Member hosting the IPM’s first solution mining plane – intersected 5.5m of net sylvinite grading 36.9% KCl;
- 2-14 Disposal Well – approximately 1,600m east of the IPM – intersected 16.2m of net sylvinite grading 32.6% KCl;
- Both wells were drilled as operating infrastructure for the IPM and cored with 100% recovery over approximately 108m each, adding two modern assayed drillholes to the Disley Project at no incremental drilling cost; and
- IPM development remains on budget and on schedule: drilling of all five wells are complete, completions and equipping are underway ahead of Phase 3 (brine circulation), and first production is targeted for Q1 2027.
Buffalo Potash Corporation (TSXV: BUFF) (OTCQB: BLPTF) (FRA: VU5) (the “Company” or “Buffalo“) is pleased to announce assay results from cores taken in the 15-10 well (the “Source Well“) and the 2-14 well (the “Disposal Well“) at the IPM on the Company’s flagship Disley property in Saskatchewan (the “Disley Project“).
Both wells were drilled this summer as part of Phase 1 of the IPM build-out (see the Company’s news releases dated July 29, 2026 and August 18, 2026). Their primary role is operational – supplying and disposing of brine for the IPM – but the Company cored each well through the potash-bearing Members of the Prairie Evaporite Formation during drilling. The results confirm high-grade sylvinite at the site of Buffalo’s first mining plane and add two new control points to support a feasibility study for Disley East and Disley West.
Mr. Steve Halabura, P.Geo., Chief Executive Officer and Director of the Company, commented: “We drilled the 15-10 and 2-14 wells to do a job for the IPM, but we were never going to pass up the chance to core through the potash on the way down. These results put high-grade sylvinite right where we are building our first mining plane, and they line up with what we saw at 7-10 earlier this year. Every well we drill at Disley now does double duty – it builds the operation and it builds our understanding of the deposit for Disley East and West.”
Mr. Quinton Hardage, P.Eng., PMP, President and Chief Operating Officer of the Company, commented: “Buffalo’s focus is on bringing the IPM into production. With all five wells in the ground, our team is working through completions and equipping ahead of brine circulation. Seeing high-grade potash mineralization directly above our mining plane is valuable confirmation as we prepare for the brine circulation phase.”
Assay Results
Core from both wells was sampled and submitted to SRC Geoanalytical Laboratories for potash ICP analysis. Results by Member are summarized in Table 1, alongside the Company’s 7-10 confirmation hole drilled earlier in 2026 (see March 25, 2026 announcement). Given that the beds are flat-lying in proximity to the drill holes, sample thicknesses are the same as Member and bed/seam true thicknesses.
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