Red Moon Potash Inc. (TSXV:RMK) has started drilling at its Captain Cook salt/potash deposit in Western Newfoundland. The summer drill program will consist of two holes, CC #4 located approximately 500 metres north of CC #2 which was drilled in 2013. CC #2 encountered 150 metres (303-453 m) of salt including an upper zone of stringer potash beds at 318 m – 329 m. CC #4 is a northeast stepout testing a seismic anomaly interpreted to be a thickened evaporite section (salt – potash bearing interval).
According to the company’s press release:
CC #5 is located approximately 1000 metres east of the discovery hole Captain Cook (CC) #1. This is the first hole to stepout in an easterly direction where the evaporite section thickens down dip. These two stepout holes are intended to add substantial tonnage to the salt deposit and further calibrate potash distribution in the basin.
Get Our Expert Guide to Potash Investing FREE!Download this FREE Special Report, What is Potash? From Types of Potash to Potash Stocks