Rio Verde Commences Drilling at Sergipe Potash Project

Rio Verde Minerals Corp.,  a privately held company,  announced the commencement of drilling at its Sergipe Potash Project, in north-eastern Brazil.

The press release is quoted as saying:

The Sergipe Potash Project is located in the Sergipe Basin, an area with approximately 30 years of potash exploration and development history (the properties were discovered by Petromisa, a subsidiary of Petrobras, during early oil and gas exploration in the area). This basin is home to Brazil’s only producing potash mine, Taquari-Vassouras, which has been in operation since the 1970′s, and is operated today by Vale S.A.

Click here to access the entire press release.