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    Universal Potash Acquisition Targets 2 Billion Ton Paradox Basin Resources

    Investing News Network
    Feb. 22, 2011 03:34PM PST
    Potash Investing

    Universal Potash Corporation (PINK:UPCO) announced that technical planning will commence in the Paradox Basin of Utah.

    Universal Potash Corporation (PINK:UPCO) announced that technical planning will commence in the Paradox Basin of Utah.

    The press release is quoted as saying:

    According to the U.S. Geological Survey, January 2011 Mineral Commodity Summaries, estimated domestic potash resources total about 7 billion tons. Most of these lie in the Paradox Basin in Utah which contains resources of about 2 billion tons, mostly at depths of more than 1,200 meters and a 3,110-square-kilometer area of Montana and North Dakota as an extension of the Williston Basin deposits in Saskatchewan, Canada.

    Click here to access the entire press release.

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