Pacific Potash Recieves Enviromental Permits and Mobilizes Drill Rig to Amazonas Potash Project
October 21 2013 - 2:23PM
Access Wire
Vancouver, British
Columbia - October 21st, 2013 - Pacific Potash Corporation
(TSX-V: PP; OTCQX: PPOTF; FSE: P9P, "Pacific Potash", "the
Company") is pleased to announce that it has obtained all
environmental permits for drilling in addition to securing and
mobilizing a drill rig to its Amazonas Potash Project. The Company
has finalized its work program, including processing and analyzing
seven additional historic seismic lines which overlay the initial
drill targets. Pacific Potash expects to begin drilling within the
next 7 days.
The initial well
drilled by Pacific Potash will be the first potash well ever to be
drilled in the central part of the Amazonas Basin, as previous
exploration efforts for potash have been directed towards the
margins of the basin.
Mr. Andre Costa,
President and CEO stated "This is a very significant milestone for
Pacific Potash, as the path is now clear for us to execute the
drilling of our initial well of the exploration
program."
It is expected that once
drilling commences it will take approximately 60 days to reach
depth and remove core from the formation of interest, the well will
top out at approximately 1500 meters of true depth. The cores will
be sent to Saskatchewan, Canada for chemical analysis and
processing.
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 Potash 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
Andre Costa, P.Geo
President & CEO
For further
information, please visit our website at www.pacificpotash.com
or contact our V.P of Corporate Communications, Mike
Blady:
Mike Blady
Office: +1
604.895.7446
Email:
mblady@pacificpotash.com
Andre Costa, P.Geo, CEO & President of
Pacific Potash Corp and qualified person for the purposes of NI
43-101, 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.
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