Saturday, November 27, 2010

More deals in Holbrook basin potash play

Passport Potash says they signed a mineral property option agreement with Sweetwater River Resources LLC and American Potash LLC to acquire five more exploration permits. The company says the new area links their state trust land leases to leases on the east side of the Holbrook basin. Passport reports they control mineral rights on approximately 87 square miles of land making them the largest landholder exploring for potash in the region, with 14% of the potash underlying the basin.

Passport earlier said they will begin drilling shortly on their 8 active drilling permits in the play [right, open circles as shown on AZGS interactive potash viewer].

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