Mesa Exploration Corp. announced the acquisition of the 104 square mile Bounty potash project in the Great Salt Lake Desert of western Utah. The project is 15 miles north of Intrepid Potash's Wendover operation, a potash mine which is chemically and physically analogous to the deposit at the Bounty project. The Wendover mine has been in production for 75 years utilizing a system of potash brine collection ditches and solar evaporation ponds, with potash and salt being processed in a simple flotation mill. The Wendover mine has annual production of 100,000 tons of potash and 200,000 tons of magnesium chloride, grossing $60 million per year. The Bounty project consists of 90 square miles of potash prospecting permit applications from the Bureau of Land Management and 14 square miles of Potash Leases from the State of Utah. The Bounty project area is a remnant of a regional Pleistocene lake which deposited a salt flat underlain by a potash brine aquifer at depths of 2 to 6 feet. The aquifer is contained in a bed of sand, silt and clay. Several potash brine mines in the area are operating on similar lake remnants, producing muriate of potassium and sulphate of potassium, at operating costs of $180 per ton. Muriate of potassium sells for $500 per ton and sulphate of potassium for $650 per ton. Historic exploration work was conducted in 1966 at the project and adjacent areas by Quintana Petroleum. Quintana drilled 35 auger holes resulting in the definition of 5.1 million tons of potash (MOP) grading 6.8 grams/liter. Quintana limited the estimation of the resource to the top 10 feet of the brine aquifer, the depth limits of the auger drilling equipment. Mesa controls 80% of the resource, including sites for a mill and evaporation ponds. The Quintana resource is historical in nature and was calculated using a polygonal contour estimation method, the industry standard prior to NI 43-101 standards, thus it is not NI 43-101 compliant and should not be considered as a current resource. The company is designing an exploration program of forty auger holes to be drilled to the base of the shallow aquifer. Drilling will infill and verify the historic sampling and map brine aquifer depth, thickness, lithology and potash content. Additionally a minimum of six reverse circulation drill holes will be drilled to 500 feet to test for deeper brine aquifers typically found in the region. Historic assay, specific gravity and lithology data have been acquired and are being digitized. An evaluation of the assay data is being made to determine if the deposit is muriate of potassium or if there is sufficient sulphate for sulphate of potassium production.