Pacific Potash receives permits for Amazonas potash project
Pacific Potash Corporation announced 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.
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.