Detailed Analysis of Buffalo Potash Corp.’s Recent Drilling Milestone
Buffalo Potash Corp. (TSX V: BPF) has announced a series of drilling achievements at its Disley project that have generated renewed interest among investors and industry observers. The company, which trades in Canadian dollars and has a market capitalization of approximately $24.97 million, is actively expanding its potash resource base in the northern Saskatchewan region.
1. Confirmation of Potash in All Target Members
On 5 February 2026, the company confirmed potash presence in every target member at the Disley site through the completion of its first confirmation hole, designated 7‑10‑20‑23 W2M. The hole penetrated to a total depth of 1,563 m and was drilled to a target depth of 1,020 m. The focus of the hole was the 7‑10 hole, which specifically targeted the potash mineralisation in the upper sections of the deposit. While detailed assay results are pending, the confirmation of potash across all target members represents a critical step in validating the geological model underpinning the project.
2. Progress on the 7‑10 Hole and 7‑10‑20‑23 W2M Program
On 6 February 2026, Buffalo Potash reported the completion of a 7‑10 hole at Disley, part of the broader 7‑10‑20‑23 W2M confirmation program. This drilling effort further explores the continuity and thickness of the potash-bearing strata, reinforcing the company’s confidence in the resource potential. The 7‑10 hole’s completion is particularly noteworthy because it was designed to test the extent of the potash mineralisation at a depth of 1,020 m—a critical zone for determining the feasibility of future production.
3. Implications for the Company’s Development Timeline
These drilling milestones align with Buffalo Potash’s broader development strategy. By confirming potash across all target members and advancing the 7‑10 hole, the company is moving closer to the next phase of its project plan: detailed resource estimation and the preparation of a development proposal. A successful confirmation program can accelerate the company’s ability to secure financing and build stakeholder confidence, both of which are essential given the current market volatility that has seen the company’s share price fluctuate between a 52‑week low of $0.25 and a high of $0.60.
4. Market Context and Investor Perspective
Investors watching Buffalo Potash will likely view the confirmation results as a positive signal, especially in light of the company’s current price‑to‑earnings ratio of -20.39, which reflects its status as a development-stage mine rather than a mature producer. The upcoming assay data will be key to evaluating the economic viability of the resource, potentially impacting the company’s valuation and future capital raising efforts.
5. Outlook
While the company has not yet released assay data, the completion of the 7‑10 hole and the confirmation of potash across all target members at Disley suggest that Buffalo Potash is making tangible progress toward establishing a viable resource. As assay results become available and the company moves into the next stages of development, stakeholders will be keen to reassess the project’s potential and the implications for Buffalo Potash’s share performance.
