Tuesday, February 15, 2011
Drilling, seismic underway for potash; 11 more core holes approved
Passport Potash says they've drilled 3 core holes in their expanded potash exploration program in Arizona's Holbrook basin, and completed part of their seismic exploration lines. Meanwhile, the Arizona Oil & Gas Conservation has approved permits for an additional 11 core holes, bringing the company's total to 19.
Passport announced last week that it raised $7,107,500 for exploration and drilling at its Holbrook properties in Arizona, and applied for mineral prospecting permits on 7,000 acres of federal land.
There are now 38 core holes permitted in the Holbrook potash play, with HNZ Potash also having 19 core holes permitted [right, AZGS potash viewer].
at 6:56 PM