Pacific Potash Expects Drilling to Start in September
(via Thenewswire.ca)
Vancouver, British Columbia - July 21st, 2013 - PacifIC Potash Corp. (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 Corp.
PacifIC Potash Corp. 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,
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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