Monday, March 28, 2011

Another land deal in Holbrook potash play

Passport Potash appears to have a deal for almost 16,000 acres of mineral rights in Arizona's Holbrook basin to add to one of two largest holdings in the potash play. A press release this afternoon says Ringbolt Ventures has optioned their land position to Passport in exchange for cash, a 3-year exploration commitment, and a royalty on future production.

Passport announced a partnership with the Hopi Nation a couple weeks ago for their fee lands at the south end of the potash area. Passport and the HNZ joint venture each have large land positions are both currently drilling core holes.

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