The Conversation (0)
Passport Potash Inc. (TSXV:PPI,OTCQX:PPRTF) has been granted approval for nine new exploration permits from the Arizona State Land Department, adding 4,703.66 acres of State trust land to Passport’s land package.
As quoted in the press release:
The Permits are on State Trust land sections that had been closed to development related to the proposed expansion of the Petrified Forest National Park, and are strategic to Passport’s mine development. Seven of the sections lie within Passport’s private landholdings, while the other two border the Passport/Hopi development area and abut the south border of the Park (see map at this link: https://passportpotash.com/pdf/PPIMAPASLD052013.pdf).
Passport Potash President and CEO Joshua Bleak said:
We are very pleased with the action of the ASLD, and the speed with which Commissioner Vanessa Hickman made a decision to free up these lands for potential potash development. It is a testament to the strength of the Commissioner and her team, particularly in the minerals section, that they recognized the significant value these lands would provide to the State Trust for decades to come, which we believe is evidenced by the speed with which a decision was made. The Department has always indicated that they are supportive of potash development in the Holbrook Basin, and this action evidences that support.
Click here to read the Passport Potash Inc. (TSXV:PPI,OTCQX:PPRTF) press release
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