Passport Potash, Inc. (CVE:PPI) reports results from two core holes that have intersected significant potash deposits at relatively shallow depths in the Holbrook evaporite basin.
The press release is quoted as saying:
According to chemical assay results obtained from Skyline Laboratories in Tucson, Arizona, PPI2011-04 (“Core 1″) intersected 9.5 feet (1463.0-1472.5 feet) of 12.29% KCL which includes a 4.0 foot (1465.5-1469.5 feet) interval containing 18.28% KCL. PPI2011-6 (“Core 2″) intersected 7.5 feet (1437.5-1445.0 feet) of 11.93% KCL within which includes a 2.5 foot (1439.0-1441.5 feet) interval containing 24.34% KCL.
Passport Potash’s President & CEO, Joshua Bleak says:
“We are very pleased with the drill results we have received. These results are consistent with what we believed the deposit would be like based on the extensive historic data from this area of the basin and similarities to the deposit currently being mined in Carlsbad, New Mexico. Ultimately, the NI-4301 report will define the nature and extent of our resource. We are looking forward to the release of our initial resource report and further drill results in the coming weeks.”