Highfield Applies for New Investigative Permits to Expand Projects in Spain

Highfield Resources (ASX:HFR) announced that it has applied for three new investigative permits in the province of Navarra to add to its four potash projects in Spain’s Ebro potash basin.

As quoted in the press release:

• Three new Investigation Permits applied for in Navarra Province, along strike of the potash bearing evaporite between Highfield’s Vipasca and Sierra del Perdón Potash Projects
• Investigation Permits are: Borneau, covering 78 km2, Osquia, covering 79 km2, Girardi, covering 76 km2
• Borneau Investigation Permit extends Highfield’s Vipasca Project along strike about 15 km to the north west
• Girardi and Osquia Investigation Permits create the new Izaga Potash Project
• Historical drilling in the Izaga Project area intersected the evaporitic unit with some drill holes intersecting potash mineralisation
• Historic 2D seismic suggests the evaporite starts at depths to surface of less than 300m in both Projects

Anthony Hall, managing director of Highfield Resources, commented:

The three permit applications position Highfield with five 100 percent owned projects and a substantial development pipeline in support of our long-term quest to become a significant global potash producer.

We have worked hard to consolidate all of the potential potash bearing evaporite in the Navarra Province, in a sub basin of the wider Ebro Basin, while continually focusing on prioritising the accelerated development of our flagship Muga Project. Our larger Vipasca and new Izaga Projects are likely to benefit from the development work completed at Muga with both appearing to have similar attributes.

Click here to read the full Highfield Resources (ASX:HFR) press release.