Passport Potash Inc. (TSXV:PPI,OTCQX:PPRTF) submitted its application to the Arizona State Land Department (ASLD) to convert its mineral exploration permits to mineral leases, and concurrently submitted its Mineral Development Report (MDR).
As quoted in the press release:
The MDR is required by the ASLD for all mining operations on Arizona State Trust lands, and is a detailed report covering geologic assessment, economic feasibility, environmental assessment, mine operations plan, and reclamation and closure plans. As is customary, the review of the application and MDR by the ASLD will take a minimum of six months.
Passport Potash Inc. President and CEO, Joshua Bleak, said:
This is an important step for Passport in the permitting process, and in de-risking this project. Because of all the technical work we have done, including drilling over 60 new exploration holes, 110 line miles of 2D seismic survey, geophysical work on the new holes and on over 100 historical holes, we are confident that this will be a smooth process.
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