potandgold
12 years ago
PP investors should be watching what's going on in Arizona.
A lot is going on in Arizona. Has anyone notice the slew of news and investment articles regarding Prospect Global Resources and Passport Potash? Prospect announced a $100 million debt investment from the Apollo Group and a definitive $2b offtake agreement with a Chinese company for 500,000 metric tonnes of potash per year for 10 years.
This news further validates the Holbrook potash basin in Arizona where both Prospect AND Passport Potash have significant land positions. In fact, Passport has 122k acres and Prospect has 94k acres.
A lot of focus on Prospect in the past few weeks, but Passport benefits as much or more from the attention on the Holbrook basin. Yet, Passport is trading at an 80% discount to that of Prospect Global. A bunch of recent articles on the Holbrook basin,potash in general, Passport and Prospect Global have been written lately. Please see these links of the most significant ones, And a re-post of the best video clip on Passport. Thank you. Notice that several of these articles touch on common themes, such as Passport trading extremely cheap to Prospect despite the 2 companies being very, very similar in many ways.
Passport is still a highly speculative stock, but there are a handful of people telling the story now. I think that once Passport management gets out on the road and starts to attract institutions and equity research coverage, the stock could run. And clearly from these recent articles management is putting out information and is getting the ball rolling.
http://community.nasdaq.com/News/2012-10/why-passport-potash-is-undervalued-relative-to-holbrook-basin-peers.aspx?storyid=185955
http://seekingalpha.com/article/987051-arizona-the-next-big-thing-in-potash-grow-your-portfolio-with-this-potash-junior
Signifcant insider buying of Passport Potash http://seekingalpha.com/article/950911-5-resource-companies-with-insider-buying-during-october-2012
If one is serious about investing in a potash junior, see the registration document for Passport, dated October 26, 2012, very up to date and full of excellent information....
http://www.sec.gov/Archives/edgar/data/1508128/000106299312004307/form10a3.htm
Best video clip, 6 minutes,
RobertJames
12 years ago
Pacific Potash Corp Provides an Update on its Claims in Amazonas Basin
(via Thenewswire.ca)
Vancouver, British Columbia - October 12th , 2012 - Pacific Potash Corporation (TSX-V: PP; OTCQX: PPOTF; FSE: P9P, "the Company") is pleased to provide an update on its Amazonas Potash Project in Brazil. The Company has an option to acquire an 80% interest in Western Potash Corp. (TSX: WPX) Amazonas Basin claims, as previously announced via press release dated June 13, 2012.
Representatives from the company traveled to the property in late August and conducted a site visit, property tour and compiled historic and new information on the property and surrounding basin from various government and private sources. All information was compiled and analyzed extensively by company officials, management and Qualified Persons as defined by NI 43-101.
The Company used four basic criteria to review and prioritize its extensive land package;
Environmentally sensitive areas, natural reservations, and indigenous lands
Accessibility (including logistically challenged areas, flooded ground, etc...)
Geomorphology
Geological potential
Based upon this review and prioritization, the Company has reduced its claims in the Amazonas Basin from 1,474,208 hectares to 805,834 hectares. A map outlining the updated property outline may be found at the bottom of the news release. The reduction in the size of the property will focus the Company's exploration efforts on the areas with the highest geologic potential, and significantly reduce the annual government taxes/fees required to maintain the property in good standing. The Company has also commenced an NI 43-101 qualifying report on the Amazonas Potash Property. Pacific Potash is also investigating potential commercial offers form local and international strategic partners to earn an interest on a portion of the Property.
Dean Pekeski, P.Geo and Director of Pacific Potash stated 'Our review, prioritization, and reduction in size of the Amazonas Property has allowed us to define three target areas. These areas will be further studied and poriortized, and we will develop approprite potash exploration programs accordingly. The reduction in the size of the block will save the Company significant amounts of government fees. We can now direct these funds to our exploration program. Our goal remains to identifty significant potash resources within our updated claim block."
Randy Wright of Pan American Fertilizer (CNSX: PAF), the Company's merger partner commented "The new tenement package, the large amount of work being conducted by other Potash companies in the immediate area and the indefinite moratorium on new claims being offered by the Brazilian government in the basin bode well for the future exploration and development of Pacific's Amazonas basin potash property." Further information on the proposed merger can be found in the Company's new release dated September 21st 2012.
TO VIEW MAP COPY AND PASTE URL BELOW INTO NEW BROWSER WINDOW
http://thenewswire.ca/client_files/2012-10-11-0.pdf
Qualified Person
Dean Pekeski, P.Geol., a Director for the company and a qualified person for the purposes of NI 43-101, has approved the preparation of the technical information in this news release.
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 Provost Potash Property and the surrounding potash claims targeting the prolific Prairie Evaporite Formation, which is host to multiple conventional and solution potash mines. The Company also has an option to acquire an 80% interest in Western Potash Corporation's (TSX: WPX) Amazonas Basin claims.
About Pan American
Pan American is a Canadian company dedicated to providing fertilizer to a growing global market. The company is focused on the extraction of a specific type of fertilizer called calcium sulphate (also referred to as "Agricultural Gypsum"). To ensure long term development and increase shareholder value, Pan American currently plans to significantly expand its current operational objectives while expanding its asset base by acquiring additional calcium sulphate and other fertilizer related assets.
When used as a fertilizer and as a soil remediator, calcium sulphate is a soft sulfate mineral composed of calcium sulfate dihydrate which is extremely rich in sulphur and calcium. When dissolved in water, the mineral becomes calcium and sulphate sulphur ions, both of which are required nutrients for plants. Calcium sulphate plays a vital role in establishing and maintaining good chemical balance in soil, water and plants, specifically with healthy root development. Ultimately, calcium sulphate increases overall crop quality and yields
RobertJames
12 years ago
Pacific Potash Corporation’s Merger Partner Announces LOI for the Sale of up to 50,000 Tonnes of Calcium Sulphate to Paraguay
(via Thenewswire.ca)
VANCOUVER, BRITISH COLUMBIA, October 9th, 2012 - Pacific Potash Corp., (TSX-V: PP; OTCQX: PPOTF; FSE: P9P, "Pacific Potash", "The Company") is pleased to announce that Pan American (CNSX: PAF, "Pan American") has entered into a non-binding letter of intent (the "LOI") with Agro Industrial Campos Nuevos S.A. ("Agro Industrial"). Under the terms of the LOI, Pan American will sell Agro Industrial between 30,000 and 50,000 tonnes of Calcium Sulphate (Agricultural Gypsum) over a 12 month period at a mutually agreed price per tonne.
Randy Wright, President and CEO of Pan American reported "This sales LOI is an extremely important milestone for Pan American. It not only represents our first international sales agreement, but also demonstrates the massive potential international market for our product. The testing that Agro did validates the quality of our product and we expect to establish many more strategic sales arrangements with international partners"
"We at Agro Industrial are very pleased with the signing of this LOI with Pan American. We have long been searching for a partner that can provide a high quality product in a professional and timely manner. We feel we have found that partner in Pan American" reported Nivaldo Ouriques, President of Argo Industrial.
Details on the acquisition can be found in the Pan American news release dated October 9th , 2012. The Company and Pan American have signed an Arrangement Agreement in respect of a proposed business combination of the two companies, details of which are set out in the Company's news release dated Septebmer 21st, 2012.
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 Provost Potash Property and the surrounding potash claims targeting the prolific Prairie Evaporite Formation, which is host to multiple conventional and solution potash mines. The Company also has an option to acquire an 80% interest in Western Potash Corporation's (TSX: WPX) Amazonas Basin claims.
About Pan American
Pan American is a Canadian company dedicated to providing fertilizer to a growing global market. The company is focused on the extraction of a specific type of fertilizer called calcium sulphate (also referred to as "Agricultural Gypsum"). To ensure long term development and increase shareholder value, Pan American currently plans to significantly expand its current operational objectives while expanding its asset base by acquiring additional calcium sulphate and other fertilizer related assets.
When used as a fertilizer and as a soil remediator, calcium sulphate is a soft sulfate mineral composed of calcium sulfate dihydrate which is extremely rich in sulphur and calcium. When dissolved in water, the mineral becomes calcium and sulphate sulphur ions, both of which are required nutrients for plants. Calcium sulphate plays a vital role in establishing and maintaining good chemical balance in soil, water and plants, specifically with healthy root development. Ultimately, calcium sulphate increases overall crop quality and yields. www.PAFertilzer.com.
2future4u
13 years ago
PP is now dually listed in both the US and Canada markets:
Pacific Potash Corp. Joins OTCQX
NEW YORK, Jan. 10, 2012 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), the financial information and technology services company that provides the world's largest electronic marketplace for broker-dealers to trade unlisted stocks, announced that Pacific Potash Corp. (OTCQX: PPOTF; TSX.V: PP), a company focused on the exploration and development of potash properties, is now trading on the highest tier of the OTC market, OTCQX®.
(Logo: http://photos.prnewswire.com/prnh/20110118/MM31963LOGO)
Pacific Potash began trading today on the OTC market's prestigious tier, OTCQX International. Investors can find current financial disclosures and Real-Time Level 2 quotes for the Company on www.otcmarkets.com.
"The superior information and visibility of the OTCQX marketplace allows companies to efficiently build investor confidence and expand their shareholder base," said R. Cromwell Coulson, President and Chief Executive Officer of OTC Markets Group. "We are pleased to welcome Pacific Potash to OTCQX."
Merriman Capital, Inc. will serve as Pacific Potash's Principal American Liaison ("PAL") on OTCQX, responsible for providing guidance on OTCQX requirements.
http://tmx.quotemedia.com/article.php?newsid=47400149&qm_symbol=PP
SPARK
13 years ago
Pacific Potash Corporation (TSX-V:PP) Summarizes 2011 Activities and Operations
Pacific Potash Corporation (TSX-V:PP) Summarizes 2011 Activities and Operations
VANCOUVER, British Columbia, Dec. 20, 2011 /PRNewswire/ -- Pacific Potash Corporation (TSX-V: PP, FSE: P9P, OTCQX: PPOTF) "the Company" is pleased to provide a summary of 2011 activities and operations.
Steven Khan, CEO of Pacific Potash, comments that "despite the worldwide financial turmoil and a challenging year for investors, the past year has been very productive for the Company in its goal to develop one of the first projects in Alberta."
In March 2011, The Company formerly Silver Lake Resources Inc. completed a private placement of 12,500,000 units at a price of $0.21 per unit raising gross proceeds of $2,625,000. Each unit comprised one share and one share purchase warrant. The warrants are exercisable at a price of $0.28 for 5 years.
On May 26, 2011 Silver Lake Resources Inc. entered into a Share Purchase Agreement (the "Agreement") whereby the Company acquired 100-per-cent of the outstanding shares of Pacific Canada Potash Ltd. ("PCPL") in exchange for two cash payments of $225,000 and the issuance of 4,000,000 common shares of the Company.
The 100-per-cent-owned Provost Property consists of two permits encompassing 43,938 acres and was acquired with the acquisition of PCPL. Also, as part of PCPL the Company acquired a 50-per-cent-interest in 24 metallic and industrial mineral (MAIM) permit application to the Alberta government totalling land holdings of 527,000 acres. These permits were granted between April and August 2011, generally surrounding the 100% owned Provost Property, and is subject to a 50/50 Joint Ownership between the Company and Grizzly Discoveries Inc. ("Grizzly").
In June 2011, The Company completed a private placement of 3,645,333 flow through units priced at $0.75 per unit and 1,468,500 non flow through units priced at $0.65 per unit, raising gross proceeds of $3,688,525. Each unit comprised one share and one half share purchase warrant. Each full warrant entitles the holder to purchase a further common share of the Company at a price of $0.80 for 5 years. On June 27, 2011 The Company changed its name from Silver Lake Resources Inc. to Pacific Potash Corporation.
In July 2011, Pacific Potash Corporation appointed Don Larmour as the first member of its advisory board. Mr. Larmour brings 28 years of experience working at Potash Corporation of Saskatchewan where he has worked on a wide scope of potash projects from exploration to production phases.
In August 2011, Pacific Potash acquired a 50-per-cent-interest in the Roam silver project located on the Yukon/British Columbia border. The acquisition was conducted through Pacific Potash's wholly owned subsidiary, Longbow Ventures Ltd., which Pacific Potash has incorporated as its vehicle for acquiring quality gold and silver projects or opportunities, including the Roam project. The acquisition consisted of a $75,000 cash payment and the issuance of 200,000 shares of Pacific Potash.
In September 2011, The Company signed a letter of intent (LOI) with Grizzly Discoveries to commence a drill hole exploration program on the Pacific Potash-Grizzly 50:50-owned property surrounding the Company's 100-per-cent-owned Provost Property. The Company also retained Deutsche Investor-Relations GmbH (DIRG) to provide the company with investor relations services in Europe.
In October 2011, Pacific Potash received permits for 2 potash drill holes on its 100-per-cent-owned Provost Potash property. It successfully completed the first hole to a depth of 1,460m on November 2. This well represents one of the first wells ever completed in the province of Alberta to specifically target potash mineralization. The company also obtained a listing on the Frankfurt Stock Exchange (FSE) under the trading symbol P9P.
In the final two months of 2011 Pacific Potash completed its second well on its 100-per-cent-owned Provost potash property and another well on the 50:50 property in conjunction with Grizzly Discoveries. Pacific Potash has also been working diligently to prepare the cores for chemical assays. All cores are currently being logged, split and sampled by Norwest Corporation in Calgary, Alta. Samples will be forwarded to the Saskatchewan Research Council for analysis. Geochemical results will be released once the company is in receipt of them. During the logging process some sample photos of the cores will be posted on pacificpotash.com under the galleries section of the website. These photos are not intended to represent a depiction of grade, quality or potential mineralization but are intended to provide the public with a visual update of the current progress of operations presently being conducted.
The Company looks forward to another successful upcoming year and the entire Pacific Potash organization would like to wish its investors, shareholders, business associates and contractors a happy and healthy holiday season and all the best for 2012.
We seek Safe Harbor.
Telephone: (604) 629-7083
Fax: (604) 629-7084
FlatEarthSoc
13 years ago
Why Fertilizer Is a Better Buy Than Gold
http://www.thefiscaltimes.com/Columns/2011/12/19/Why-Fertilizer-Is-a-Better-Buy-Than-Gold.aspx#page1
By SUZANNE MCGEE, The Fiscal Times
December 19, 2011
After rocketing some $500 in the first eight months of the year, gold prices are tumbling once more as investors take an increasingly bearish view of commodities markets in general. For most commodities, that skepticism is warranted, but gold’s nosedive in recent trading sessions and predictions by some that it will fall to $1,400 an ounce in coming weeks, well below the September record of $1,923.70, has some market watchers raising their eyebrows. After all, isn’t gold a different kind of commodity – a sort of safe haven, an asset that serves as a refuge from uncertain economic times and volatile markets, just the kind that we have lived through in the second half of 2011?
Yes, but…. The gold market has changed a great deal in recent decades. It has never really been dominated by end-users in the way that the markets for copper, soybeans and crude oil ultimately are, but with every year that has passed, the role of speculators in the gold market has grown. Investors no longer buy gold bars and stash them in bank vaults; they snap up gold ETFs or other derivatives tied to the price of gold, and can buy or sell whenever they want. Long-term investors, who want to maintain a strategic allocation to gold in their portfolios, have given way to speculators eager to jump on or off the bandwagon as momentum dictates.
There is still more than $100 billion of gold held in easy-to-sell exchange traded vehicles, by some estimates; investors who don’t want to lose more or who want to hang on to what is left of any profits may well add to the selling pressure. The changes to the ways in which gold can be purchased and the much broader investor base has dramatically changed its nature as a “safe haven.”
So, are there any “safe” commodities left in which to invest? If you listen to the economists, probably not. Forecasts of a slowdown in global growth next year are common; that will wreak havoc on demand for everything from copper to crude oil and not surprisingly, their prices have come under siege. But there is one intriguing option: potash. True, potash is one of those commodities that never really glitters like gold; rather, it lurks in the shadows. It’s not traded on the futures markets – you would have to invest indirectly, via stocks of producers like Potash Corp. of Saskatchewan (POT) and The Mosaic Company (MOS). But the absence of a futures contract also means potash prices haven’t been the focus of speculation.
Not that potash prices don’t face any risks. Shelley Goldberg, a Roubini Global Economics analyst who late last week produced a report analyzing the potash market, concluded that there are in fact many risks involved: Cash-strapped farmers may cut back on fertilizer purchases for a year or two without harming productivity, and there’s some short-term downside risk to both the commodity price and the stock prices. Still, the long-term fundamentals remain relatively upbeat. Demand for agricultural productivity isn’t going to abate, particularly in emerging markets like China, India and Brazil.
Global demand was expected to climb 11 percent this year, and even if the rate of growth in demand from China ebbs, Indian needs are likely to more than compensate as that country tries to become self-sufficient in foodstuffs, especially grains. (Goldberg points out that India’s fertilizer budget is bigger than its military budget....)
SPARK
13 years ago
Pacific Potash Corp. Commences Drilling Of Second Potash Well On 100% Owned Provost Property And Provides Operational Update
Pacific Potash Corp. Commences Drilling Of Second Potash Well On 100% Owned Provost Property And Provides Operational Update
TSXV SYMBOL: PP
VANCOUVER, Nov. 16, 2011 /CNW/ - Pacific Potash Corp. (TSX-V: PP, FSE: P9P) (the "Company") is pleased to report that drilling has begun on the 10-29-38-1W4M well, located within the Company's 100 % owned Provost Potash Property. This well is the second to be completed at the 100% owned property, and is 10 km north of the recently completed 11-29-37-1W4M site. The Provost Potash Property is immediately west of the Alberta-Saskatchewan border, near the community of Provost, Alta.
The current second well is located about 3 km northeast of the historic PVR Provost 4-18-38-1W4, which was originally completed in 1994 for oil and gas. Based on historic downhole gamma ray logs from this well, it is interpreted to contain two significant potash intervals within the top several meters of the Patience Lake Member of the Prairie Evaporite Formation (PEF). The uppermost, beginning at about 1,310 m depth, contained a peak value of 375 API (~25% K2O*) within a 2.25 m interval, with a 2nd zone situated about 1 m below the first with a peak value of 225 API (~15% K2O*) within a 1.75 m interval.
The first well recently completed at the 100 % owned Provost Property was drilled and logged to a depth of approximately 1,460 meters. This well was located approximately 1.5 km north of the historic Sage et al. well, for which historic logs indicate Potash at an approximate depth of 1,338 m, near the top of the PEF. Downhole geophysical logs from the 1st well are consistent with historic results for the property. The main potash bearing zone was encountered at a depth of approximately 1327.3 m to 1330.8 m, and is interpreted to lie within the upper parts of the Patience Lake Member of the PEF.
Once the second well is completed, all cores from both drill holes will be logged, split and forwarded to the Saskatchewan Research Council for analysis. Geochemical results will be released once the Company is in receipt of them.
*Cautionary Language: Values reported are peak values and not necessarily representative of the interval reported. The use of gamma ray logs to identify potash layers, while an important exploration tool, is dependent on many variables (background radiation levels, calibration errors, size of individual beds, etc.) and is not an absolute measure of grade and thickness. The K2O values estimated here are based on Schlumberger's (1974) approximation of 15 API = 1% K2O for potash-bearing strata. Until these intervals are confirmed by chemical analysis, they should not be considered as an absolute measure of grade across width.
Jody Dahrouge, P.Geol., Senior Vice-President of Exploration for the Company and a qualified person for the purposes of NI 43-101, has approved the preparation of the technical information in this news release.
We seek Safe Harbor.
On behalf of the Board,
Pacific Potash Corporation
Steven Khan, MBA, CFA
Director & CEO
604-629-7083
FlatEarthSoc
13 years ago
news: Pacific Potash Corp. Commences Drilling Of Second Potash Well On 100% Owned Provost Property And Provides Operational Update
http://www.digitaljournal.com/pr/493023
TSXV SYMBOL: PP
VANCOUVER, Nov. 16, 2011 /CNW/ - Pacific Potash Corp. (TSX-V: PP, FSE: P9P) (the "Company") is pleased to report that drilling has begun on the 10-29-38-1W4M well, located within the Company's 100 % owned Provost Potash Property. This well is the second to be completed at the 100% owned property, and is 10 km north of the recently completed 11-29-37-1W4M site. The Provost Potash Property is immediately west of the Alberta-Saskatchewan border, near the community of Provost, Alta.
The current second well is located about 3 km northeast of the historic PVR Provost 4-18-38-1W4, which was originally completed in 1994 for oil and gas. Based on historic downhole gamma ray logs from this well, it is interpreted to contain two significant potash intervals within the top several meters of the Patience Lake Member of the Prairie Evaporite Formation (PEF). The uppermost, beginning at about 1,310 m depth, contained a peak value of 375 API (~25% K2O*) within a 2.25 m interval, with a 2nd zone situated about 1 m below the first with a peak value of 225 API (~15% K2O*) within a 1.75 m interval.
The first well recently completed at the 100 % owned Provost Property was drilled and logged to a depth of approximately 1,460 meters. This well was located approximately 1.5 km north of the historic Sage et al. well, for which historic logs indicate Potash at an approximate depth of 1,338 m, near the top of the PEF. Downhole geophysical logs from the 1st well are consistent with historic results for the property. The main potash bearing zone was encountered at a depth of approximately 1327.3 m to 1330.8 m, and is interpreted to lie within the upper parts of the Patience Lake Member of the PEF.
Once the second well is completed, all cores from both drill holes will be logged, split and forwarded to the Saskatchewan Research Council for analysis. Geochemical results will be released once the Company is in receipt of them.
*Cautionary Language: Values reported are peak values and not necessarily representative of the interval reported. The use of gamma ray logs to identify potash layers, while an important exploration tool, is dependent on many variables (background radiation levels, calibration errors, size of individual beds, etc.) and is not an absolute measure of grade and thickness. The K2O values estimated here are based on Schlumberger's (1974) approximation of 15 API = 1% K2O for potash-bearing strata. Until these intervals are confirmed by chemical analysis, they should not be considered as an absolute measure of grade across width.
Jody Dahrouge, P.Geol., Senior Vice-President of Exploration for the Company and a qualified person for the purposes of NI 43-101, has approved the preparation of the technical information in this news release.
We seek Safe Harbor.
On behalf of the Board,
Pacific Potash Corporation
Steven Khan, MBA, CFA
Director & CEO
604-629-7083
SPARK
13 years ago
Pacific Potash Corporation (TSX-V: PP) Commences Drilling On Its 100% Owned Provost Potash Property
http://www.pacificpotash.com/
Pacific Potash Corporation engages in the exploration and development of potash properties in Canada. It holds interest in the Provost Potash property that consists of 2 metallic and industrial mineral (MAIM) permits covering approximately 17,781 hectares; and a 50% interest in approximately 213,269 hectares of MAIM permit applications located in Provost, Alberta. The company was formerly known as Silver Lake Resources Inc. and changed its name to Pacific Potash Corporation in June 2011. Pacific Potash Corporation was founded in 1997 and is based in Vancouver, Canada.
Pacific Potash Corporation (TSX-V: PP) Commences Drilling On Its 100% Owned Provost Potash Property
VANCOUVER, Oct. 25, 2011 /CNW/ - Pacific Potash Corporation (the "Company") (TSX-V: PP) is pleased to announce that it has commenced drilling of its Provost 11-29-37-1W4m well, located immediately west of the Alberta-Saskatchewan border, near the community of Provost, Alberta. "We are excited to be taking this major step forward in our quest to be the first company to uncover an economic potash resource within the boundaries of Alberta", stated Steven Khan, CEO, of Pacific Potash Corporation.
The first location targets a strong gamma ray response at a depth of approximately 1340 m, within the top of the Prairie Evaporite Formation adjacent to the historical Sage et al. Provost 11-20-37-1W4 well (Northern Development Company Ltd., 1952 (significant gamma ray response, however, scale for gamma ray log unknown)). Within the region, the potash bearing Patience Lake Member of the Prairie Evaporite Formation is anticipated to range from 3 to 6 m thick, at depths of 1300 to 1450 m depth. It is anticipated that this well will take approximately 7 to 10 days to complete and log.
To the best of the Company's knowledge, this is the first well designed to specifically target for potash minerals in the Prairie Evaporite Formation within the Province of Alberta. Based upon success, the company anticipates drilling a total of four wells within the region, as part of its fall 2011 exploration program - two within the Company's Provost Potash Property, and two within the adjacent 50:50 property held jointly with Grizzly Discoveries Inc.
Jody Dahrouge, P.Geol, senior vice-president exploration of the company and a qualified person for the purposes of NI-43-101, has approved the preparation of the technical information in this news release.
Pacific Potash Corporation
Pacific Potash is engaged in the exploration and development of the Provost Potash Property and the surrounding potash claims located in the prolific Prairie Evaporite Formation, which is host to multiple conventional and solution potash mines. The company is also actively looking to acquire other prospective potash assets in North America.
On behalf of the Board,
Pacific Potash Corporation
Steven Khan, MBA, CFA
Director & CEO
SPARK
13 years ago
Pacific Potash Corp
Shares Issued 34,300,396
Monday June 27 2011 - News Release
Mr. Stephen Butrenchuk reports
PACIFIC POTASH GRANTS STOCK OPTIONS
Pacific Potash Corp. has granted incentive stock options to purchase a total of two million shares of the company's capital stock to the directors, officers, employees and consultants. These options will be exercisable for a period of five years at an exercise price of 40 cents per share until June 27, 2016. The company also announces that it will not be proceeding with the engagement of Burnley Communications as its investor relations consultant as previously announced on Feb. 22, 2011.
SPARK
13 years ago
100% Owned Provost Potash Property
•Location
•Provost, Alberta, near the Saskatchewan Border (250 km Southeast of Edmonton)
•Region
•Devonian Prairie Evaporite Formation (DPEF)
•Elk Point Group: Patience Lake Member
•Package
•100% Interest Option Agreement
•Two (MAIM) permits: 17,781 hectares (177.81 km2)
•Access
•Paved highways, roads and secondary gravel roads
•Year-round access to nearly every part of the property
•Canadian National and Canadian Pacific Railway
•Infrastructure
•Highly developed local potash mining industry
•Water
•Multiple sources (steady flow, year round)
•Power
•Network of power, gas and various service lines
•Exploration Season
•Year round (in snowfall or precipitation)
•Compliance
•Geological Technical Report: Dahrouge Geological
•Consulting Ltd (NI 43-101 commissioned)
SPARK
13 years ago
Pacific Potash – Grizzly Discoveries 50:50 Owned Property
•Location
•Provost, Alberta, near the Saskatchewan Border (250km Southeast of Edmonton)
•Region
•Devonian Prairie Evaporite Formation (DPEF)
•Elk Point Group: Patience Lake Member
•Package
•50:50 Interest Ownership Agreement with Grizzly Discoveries
•213,269 hectare (527,000 acres) in claims
•Access
•Paved highways, roads and secondary gravel roads
•Year-round access to nearly every part of the property
•Canadian National and Canadian Pacific Railway
•Infrastructure
•Highly developed local potash mining industry
•Water
•Multiple sources (steady flow, year round)
•Power
•Network of power, gas and various service lines
•Exploration Season
SPARK
13 years ago
Market Capitalization as of Sept 20, 2011 - C$ 7,717,589.10
Issued and Outstanding - 34,300,396
- Options
Priced between $0.20- $0.40 - 2,672,500
- Warrants Outstanding
Priced between $0.20 – $0.80
Expiry starting June 7, 2013 - 16,909,772
Cash - $6,188,525
Debt - NIL
SPARK
13 years ago
PACIFIC POTASH ENTERS INTO INVESTOR RELATIONS CONTRACT
Pacific Potash Corp. has signed an investor relations contract with Octobaan IR Capital Inc. (the consultant) to provide investor relations and corporate communications services to the company. The contract has a term of 12 months. Under the contract, the company has agreed to pay the consultant $6,000 per month and grant 250,000 options, exercisable at the price of 40 cents for a period of 12 months. These options shall be governed by the company's option plan, vest quarterly and comply with Policy 4.4 of the exchange.
Octobaan is an investor relations company owned by Douglas Murray, of Ottawa, Ont., Canada. Octobaan is not related to the company, does not have any direct or indirect material interest in the company or its securities, other than the stock options as described above. All matters reported herein are subject to TSX Venture Exchange approval.
SPARK
13 years ago
Ex POT engineer added!
Pacific Potash Corp (C:PP)
Thursday July 21 2011 - News Release
PACIFIC POTASH CORPORATION APPOINTS ADVISORY BOARD MEMBER
Pacific Potash Corp. has appointed Don Larmour as the first member of its advisory board to provide guidance and expertise as the company advances its potash properties. Mr. Larmour has over 30 years experience in the potash industry, 28 of those with Potash Corporation of Saskatchewan ("PCS") and more recently as the principal of his consulting company, Global Potash Solutions. Mr. Larmour held various engineering positions within PCS including research engineer, plant metallurgist, and senior process engineer. His assignments included Conventional, as well as Solution Mining Operations and he led the development of the PCS Cory Crystallization Circuit Expansion (1988-2008), which quadrupled crystallizer output. More recently, Mr. Larmour led the process design team in the 3 Million T/Yr. Red Expansion at PCS Cory. Mr. Larmour retired from PCS in 2008 as Surface General Superintendent and has consulted in North and South America, as well as the Middle East, and at all of PCS's potash operations. He has strong expertise in all aspects of potash processing and his experience also includes Construction Auditing, Plant Commissioning and Environmental Compliance.
Steven Khan, CEO of Pacific Potash, commented: "We are very pleased that Don Larmour has agreed to join our advisory board. His extensive experience previously led him to recognize the exciting potential of the company's 100% owned Provost Potash Project, and now we will directly benefit from his knowledge and experience as we move forward."
SPARK
13 years ago
Pacific Potash to acquire 69,000 acres near Provost
Pacific Potash Corp (C:PP)
Thursday July 14 2011 - News Release
PACIFIC POTASH CORPORATION SUMMARIZES SUMMER EXPLORATION PLANS
Pacific Potash Corp. has provided the following update on activities at its wholly owned Provost Potash Property and on its newly acquired, 50 per cent owned surrounding property within east-central, Alberta.
In summary, the Company has completed a high-resolution aeromagnetic - electromagnetic survey of the Provost Potash Property; has made application for three additional permits totaling approximately 69,000 acres, on a 50:50 basis with Grizzly Discoveries Inc., along the Alberta - Saskatchewan Border; and is making preparations for the completion of at least two drill holes at the Provost Potash Property and surrounding property.
Aeromagnetic - Electromagnetic Survey
During late May, Geotech Ltd., on behalf of the Company, completed an 882 line-km VTEM (Aeromagnetic - Electromagnetic) survey of the Provost Potash Property. The survey was undertaken to provide additional structural information on the property, and to investigate the potential for shallower stratigraphy to host local aquifers. Results of the survey, which are expected shortly, will assist in guiding future exploration.
Additional Permits
In conjunction with Grizzly Discoveries Inc., on a 50:50 basis, the Company has applied for three additional permits (the 'Provost/Grizzly Property') totaling approximately 69,000 acres located within 20 to 50 km south of the Provost Potash Property, along the Alberta - Saskatchewan Border. These lands were acquired to cover potential extensions into Alberta of the Patience Lake Member of the Prairie Evaporite Formation, as documented by the Saskatchewan Ministry of Energy and Resources Open File 2009-24. This document interprets the eastern margins of the new permits to be underlain by 3 to 6 meter thicknesses of potash within the Patience Lake Member, which in turn are overlain by a salt back of 1 to 3 meters. Thickness of the salt back increases to the north, attaining 3-6 meters adjacent to the east of the northern portions of the Company's Provost Potash Property.
Proposed 2011 Drill Program
Current exploration plans for the Provost Potash Potash and the Provost/Grizzly Property, and adjacent area envision the permitting of two drill sites within the Provost Property, and the completion of at least one drill hole during late summer or early fall. Within the Provost/Grizzly Property, at least two drill sites will be permitted, one north of the Provost Potash Property and one to the south, with at least one drill hole completed.
Within the area, the Patience Lake Member of the Prairie Evaporite Formation is interpreted to occur at depths ranging from 1,300 to 1,450 m below surface. Klarenbach (2009) suggested that gamma-ray responses from historic oil and gas wells in the area may indicate 1to 5 metre thick potash beds with grades ranging from 15 to 25 per cent K2O.
Further updates will be provided once permitting has been completed and drill contractors selected.
Jody Dahrouge, P.Geol., a "Qualified Person" for the purposes of NI 43-101 supervised the preparation of the technical information in this news release.
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