Pacific Potash Corp Announces Drill Results from Amazonas Basin
June 10 2014 - 8:59AM
Access Wire
VANCOUVER, BRITISH COLUMBIA /
ACCESSWIRE / June 10th 2014 / Pacific
Potash Corporation (TSX-V: PP; OTCQX: PPOTF; FSE: P9P, "Pacific
Potash", "the Company") has received analytical results on drill
hole PP01-13 from the Amazonas Potash Project in Amazonas State,
Brazil. The analyses were completed by the Saskatchewan Research
Council Geoanalytical Laboratories ("S.R.C.") in Saskatoon,
Saskatchewan, an ISO/IEC 17025:2005 accredited lab, and one of the
most experienced analytical laboratories for potash projects in the
world. The results report from S.R.C is dated June
6th, 2014.
S.R.C received 16 core boxes
shipped from Pacific Potash's core storage facility in Manaus,
Amazonas state, Brazil. S.R.C split the core in two halves by
sawing, and divided each core box into two samples yielding 32
analytical results under instructions from Harrison Cookenboo,
Ph.D., P.Geo, a consultant for Pacific Potash since April, 2014.
The samples range in length between 1.31 and 1.44 m. The total
sample length tested is 44.5 m, out of the 58.6 m interval between
1004.0 m and 1062.6 m. The results demonstrate that the core
intersected evaporite salts of halite and anhydrite, but returned
no commercially significant potash. The K2O results ranged between
0.04% and 0.57% for all of the samples.
Pacific Potash's drill hole
was drilled on land approximately 1 km from the eastern shore
Amazon River, between October 29, 2013 and January 4, 2014, under
the supervision of Andre Costa, P.Geo. who was then Chief Geologist
for Pacific Potash. The core was logged by Mr. Costa, and samples
were stored securely in Manaus, approximately 200 km west of the
drill site. Evaporite beds of halite and anhydrite were logged by
Mr. Costa between 982.95 m and 1266.60 m depth, with interlayers of
intrusive diabase covering 82.65 m of that interval. The drill hole
ended at 1421.42 m. Core boxes were selected for shipment from
Manaus by Pacific Potash in March, 2014 after Mr. Costa left the
company at the end of February, 2014.
After sawing the core in
Saskatoon and creating two samples per core box, S.R.C applied
their potash exploration package analytical routine to each sample.
This analytical routine involves crushing to produce a fine grained
pulp, and then analysis of the water soluble portion of the sample
by inductively coupled plasma - optical emission spectrosy
(ICP-OES) to determine commercial potash. The procedure is detailed
on S.R.C's website: www.src.sk.ca.
The Company will assess these
recent results to determine the extent of the Company's continued
commitment to the Amazonas Potash Project and the best course of
action going forward. Discussions are continuing with respect to
possible funding for drilling of any additional holes.
We Seek Safe Harbor.
On behalf of the Board,
Pacific Potash
Corporation
Balbir Johal
Executive Co-Chairman, Director
& CEO
For further information,
please visit our website at
www.pacificpotash.com or contact Julie Hajduk at
+ 1 604.609.7140 or julie@purplecrown.ca.
Dr.
Harrison Cookenboo is a Qualified Person (QP) by the standards of
National Instrument 43-101. He serves as a consultant Geologist for
Pacific Potash Corp, and 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.
SOURCE: Pacific Potash Corporation
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