Pacific Potash Corp Completes First Well and Provides Update
January 21 2014 - 10:24AM
Access Wire
VANCOUVER, BRITISH COLUMBIA - January
21st 2014 - Pacific Potash Corporation (TSX-V: PP; OTCQX:
PPOTF; FSE: P9P, "Pacific Potash", "the Company") is pleased to
announce that it has completed drilling its first well on its 100%
owned Amazon Basin Potash Project. The well was drilled to a total
depth of 1421m. In total 960m of core has been obtained from the
well. The core is being cut, logged and prepared for assaying. The
sections of core of interest will be sent to the Saskatchewan
Research Council for analysis.
The Company would also like to update the progress in
regards to the M.O.U financing. The due diligence period has been
extended to allow for review of the drilling of the first well.
Both parties have been working diligently to complete their
obligations and continue to work in good faith.
Current Executive Co-Chairman and Director, Mr.
Balbir Johal will be assuming the role of CEO for Pacific Potash
effective immediately in addition to his current roles. Mr. Andre
Costa will assume the role of Chief Geologist for Pacific Potash
moving forward to allow his undivided attention on the Company's
projects.
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 Middle Amazonas Basin is one of the largest evaporate
basins in the world (10,000km2).
We seek safe harbour.
On behalf of the Board,
Pacific Potash
Corporation
Balbir Johal
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: +1
604.895.7446
Email:
mblady@pacificpotash.com
Andre Costa, P.Geo, 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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