Pacific Potash Expects Drilling to Start in September
22 Julho 2013 - 1:00AM
Access Wire
Vancouver, British
Columbia - July 21st, 2013 - Pacific Potash Corporation
(TSX-V: PP; OTCQX: PPOTF; FSE: P9P, "Pacific Potash", "the
Company") is pleased to announce that the Company intends to permit
for its initial 6 wells. The targets were selected based on
geologic potential, proximity to historic and new potash
discoveries and logistical ease of access amongst other
factors.
Because of the excellence of Pacific
Potash's Management and Advisory team the Company has been able to
fast track our exploration efforts. The knowledge, passion and
leadership of Mr. Costa have allowed Pacific Potash the ability to
save significant time in preparation for drilling. The Company will
commence drilling in September.
Mr. Andre Costa P.Geo, President and
CEO of Pacific Potash commented: "focused potash drilling in the
Basin, has to date been successful in finding deposits on every
exploration program done in the Basin. Pacific Potash through
careful selection of targets and the vast knowledge of its
exploration team intends to continue this success".
Mr. Balbir Johal, Executive
Co-Chairman stated: "Pacific Potash is excited about the upcoming
drill program. Our plan is scalable up to a six well drill program.
We expect drill results before yearend. This is a Company defining
moment that may add tremendous value to our bottom line.
The Company will be using a Longyear LF230 drill rig
similar to the rig used by Potash Brazil to delineate their
world-class resource adjacent to Pacific Potash's claims near the
town of Autazes in the Amazon Basin. This rig has been proven
effective in drilling the Amazon Basin for potash
mineralization.
About Pacific
Potash Corporation
Pacific Potash Corporation trades on
the TSX Venture Exchange under the symbol: PP, as well on the OTCQX
under the symbol: PPOTF and on the Frankfurt Stock Exchange under
P9P. Pacific Potash is engaged in the exploration and development
of the Amazonas Basin Project and the surrounding potash claims
targeting the Middle Amazonas Potash Basin, currently the host to
multiple new exploration campaigns for potash. The Company also is
exploring the Provost Potash Property and the surrounding potash
claims targeting the prolific Prairie Evaporite Formation, which is
host to multiple conventional and solution potash mines.
We seek safe harbour.
On behalf of the Board,
Pacific Potash
Corporation
Balbir Johal, LL.B
Executive Co-Chairman
& Director
For further
information, please visit our website at www.pacificpotash.com
or contact our V.P of Corporate Communications, Mike
Blady:
Mike Blady
Office:
604.895.7446
Email:
mblady@pacificpotash.com
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.
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