The Conversation (0)
Passport Potash Inc. (TSXV:PPI,OTCQX:PPRTF) received an updated NI 43-101 mineral resource estimate for the Holbrook Basin property in Arizona. The measured and indicated mineral resources totaled 397.94 million tonnes of mineralized material with an average KCI grade of 14.65%.
As quoted in the press release:
The mineral resource estimate of the combined properties includes measured and indicated mineral resources totaling 397.94 million tonnes of mineralized material with an average grade of 14.65% (equivalent to 58.35 million tonnes of KCl). For the indicated category of the combined properties, 363.17 million tonnes of mineralized material with an average KCl grade of 14.68% (equivalent to an indicated mineral resource of 53.35 million tonnes of KCl) have been estimated. For the measured category of the combined properties, 34.77 million tonnes of mineralized material with an average KCl grade of 14.38% (equivalent to a measured mineral resource of 5.00 million tonnes of KCl) have been estimated. Potash mineralization consists of sylvinite and carnallite. The inferred mineral resource of the combined properties consists of 790.73 million tonnes with an average KCl grade of 12.99% (equivalent to an inferred mineral resource of 102.74 million tonnes of KCl).
Passport Potash Inc. President and CEO, Joshua Bleak said:
We are very excited to have this first look at the combined resource with the Hopi tribe, which is very encouraging. Our project has never been in as strong a position as it is today, and we are confident that the PEA that will be released within the next two weeks will make it even stronger.
Click here to read the Passport Potash Inc. (TSXV:PPI,OTCQX:PPRTF) press release
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