Sunday, July 26, 2009

More potash exploration in Holbrook basin

American Potash LLC, a JV of Confederation Minerals and Magna Resources, announced that
they received from the Arizona State Land Department the approval of five mineral exploration permits totaling 3,200 acres and the request for plan of operations for eight additional mineral exploration permits totaling 3,222.93 acres. These, together with the pending Bureau of Land Management ("BLM") potassium prospecting permits total 9,690 acres of land available to American Potash for drill testing in Arizona. Relative to the BLM potassium prospecting permits, American Potash has received a letter of request from the BLM for exploration program proposals, the precursor to final permit approval.

[right, potash isopach map, AZGS 2008]

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