Red Moon Potash Commences Drilling Program in Western Newfoundland
June 06, 2013 — ST. JOHN’S, NEWFOUNDLAND AND LABRADOR (Source: Marketwired) — Red Moon Potash Inc. (“the Company” – “Red Moon”) (TSX VENTURE:RMK) is pleased to announce that it has commenced drilling its Bay St. George potash/salt project as previously described in a news release dated May 16, 2013. The current program will drill two step out holes from the Captain Cook discovery. The holes will be known as Captain Cook #2 and #3. Drilling is being managed by the parent company, Vulcan Minerals Inc. (Vulcan) which has extensive drilling experience in the area.
The property has immediate access to deep water ports, road and power grid networks. It is contained within the larger Maritimes Basin of Atlantic Canada, which hosts the Sussex, New Brunswick potash mine operated and currently under expansion by Potash Corporation of Saskatchewan.
Red Moon is a junior exploration company focused on potash/salt exploration in western Newfoundland. Vulcan (TSX VENTURE:VUL) currently owns approximately 58% of the common shares of Red Moon.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This release may contain certain forward-looking statements. Actual events or results may differ from the Company’s expectations. Certain risk factors beyond the Company’s control may affect the actual results achieved. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except by law, the Company undertakes no obligation to publicly update or revise forward-looking information.
Shares Issued: 35,500,004
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