Passport Potash, Inc. (TSXV:PPI,OTCQX:PPRTF) announced that all 4 additional holes of its 2012 Drill Campaign intercepted strong potash mineralization and the results will be included in the updated resource estimate.
As quoted in the press release:
The analytical results received were for Holes 12-05, 12-06, 12-14 and 12-24. Holes 12-05, 12- 06 and 12-24 are part of the expansion and infill drill program designed to expand the NI 43-101 Technical Report prepared by ERCOSPLAN. Hole 12-14 was drilled on the recently acquired Fitzgerald Trust Ranch, is the first exploratory hole undertaken by Passport on that property, and is important as no mineral resource had been previously determined or estimated for the area. Hole 12-14 is strategic as it is located between the Twin Buttes Ranch and Passport’s southern land package, so as to bridge the two areas, and the results show that potash trends throughout the area with significant thickness and KCl grade.
Passport Potash President and CEO Joshua Bleak said:
We are pleased to be nearing the end of our 2012 drill program. The holes we have completed continue to solidify our depositional layout and size, and the results will be of great importance as we begin our PEA Study. All results will be included in our upcoming updated resource calculation.