Pacific Potash Corporation Signs LOI for Potash Property and Proceeds With Permitting for Drilling

Pacific Potash Corporation (TSXV:PP) announced the signing of a Letter of Intent to jointly explore a potash property in Alberta.

The press release is quoted as saying:

The LOI indicates that a minimum of one well will be drilled and that the costs will be shared equally by Pacific Potash and Grizzly. Depending upon results, up to three wells may be drilled on the 50:50 Property. Drilling on the 50% Property is expected to commence in October.

Click here to read the entire news release.