Pacific Potash Corp Announces Drill Results from Amazonas Basin
June 10, 2014 (Source: Accesswire) — Pacific Potash Corporation (TSX-V: PP; OTCQX: PPOTF; FSE: P9P, “Pacific Potash”, “the Company”) has received analytical results on drill hole PP01-13 from the Amazonas Potash Project in Amazonas State, Brazil. The analyses were completed by the Saskatchewan Research Council Geoanalytical Laboratories (“S.R.C.”) in Saskatoon, Saskatchewan, an ISO/IEC 17025:2005 accredited lab, and one of the most experienced analytical laboratories for potash projects in the world. The results report from S.R.C is dated June 6th, 2014.
S.R.C received 16 core boxes shipped from Pacific Potash’s core storage facility in Manaus, Amazonas state, Brazil. S.R.C split the core in two halves by sawing, and divided each core box into two samples yielding 32 analytical results under instructions from Harrison Cookenboo, Ph.D., P.Geo, a consultant for Pacific Potash since April, 2014. The samples range in length between 1.31 and 1.44 m. The total sample length tested is 44.5 m, out of the 58.6 m interval between 1004.0 m and 1062.6 m. The results demonstrate that the core intersected evaporite salts of halite and anhydrite, but returned no commercially significant potash. The K2O results ranged between 0.04% and 0.57% for all of the samples.
Pacific Potash’s drill hole was drilled on land approximately 1 km from the eastern shore Amazon River, between October 29, 2013 and January 4, 2014, under the supervision of Andre Costa, P.Geo. who was then Chief Geologist for Pacific Potash. The core was logged by Mr. Costa, and samples were stored securely in Manaus, approximately 200 km west of the drill site. Evaporite beds of halite and anhydrite were logged by Mr. Costa between 982.95 m and 1266.60 m depth, with interlayers of intrusive diabase covering 82.65 m of that interval. The drill hole ended at 1421.42 m. Core boxes were selected for shipment from Manaus by Pacific Potash in March, 2014 after Mr. Costa left the company at the end of February, 2014.
After sawing the core in Saskatoon and creating two samples per core box, S.R.C applied their potash exploration package analytical routine to each sample. This analytical routine involves crushing to produce a fine grained pulp, and then analysis of the water soluble portion of the sample by inductively coupled plasma – optical emission spectrosy (ICP-OES) to determine commercial potash. The procedure is detailed on S.R.C’s website: www.src.sk.ca.
The Company will assess these recent results to determine the extent of the Company’s continued commitment to the Amazonas Potash Project and the best course of action going forward. Discussions are continuing with respect to possible funding for drilling of any additional holes.
We Seek Safe Harbor.
Get our daily investorintel update
On behalf of the Board,
Pacific Potash Corporation
Executive Co-Chairman, Director & CEO
Dr. Harrison Cookenboo is a Qualified Person (QP) by the standards of National Instrument 43-101. He serves as a consultant Geologist for Pacific Potash Corp, and has reviewed and approved the preparation of the technical information in this news release.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Caution concerning forward-looking information
This press release contains “forward-looking information” and “forward-looking statements” within the meaning of applicable securities laws. This information and statements address future activities, events, plans, developments and projections. All statements, other than statements of historical fact, constitute forward-looking statements or forward-looking information. Such forward-looking information and statements are frequently identified by words such as “may,” “will,” “should,” “anticipate,” “plan,” “expect,” “believe,” “estimate,” “intend” and similar terminology, and reflect assumptions, estimates, opinions and analysis made by management of Pacific Potash in light of its experience, current conditions, expectations of future developments and other factors which it believes to be reasonable and relevant. Forward-looking information and statements involve known and unknown risks and uncertainties that may cause Pacific Potash’s actual results, performance and achievements to differ materially from those expressed or implied by the forward-looking information and statements and accordingly, undue reliance should not be placed thereon. Risks and uncertainties that may cause actual results to vary include but are not limited to the availability of financing; fluctuations in commodity prices; changes to and compliance with applicable laws and regulations, including environmental laws and obtaining requisite permits; political, economic and other risks; as well as other risks and uncertainties which are more fully described in our annual and quarterly Management’s Discussion and Analysis and in other filings made by us with Canadian securities regulatory authorities and available at www.sedar.com. Pacific Potash disclaims any obligation to update or revise any forward-looking information or statements except as may be required.
Raj Shah has professional experience working for over a half a dozen years at financial firms such as Merrill Lynch and First Allied Securities Inc., ... <Read more about Raj Shah>