Passport Potash, Inc. (TSXV:PPI,OTCQX:PPRTF) reported uninterrupted intercepts of 8.5 feet of 17.52% KCl and additional analytical results from three holes drilled and cored as part of its 2012 drilling program.
Analyses completed at the Saskatchewan Research Council Laboratories in Saskatoon, Canada returned uninterrupted intercepts of 8.5 feet of 17.52% KCl from drill hole 1211, 18 feet of 12.78% KCl from drill hole 1221, and 13 feet of 12.98% KCl from hole 1222. (See Table 1). Drill intercepts are believed to represent true thicknesses as the wells were drilled vertically and the potash beds are essentially flat lying.
Passport Potash President and CEO Joshua Bleak said:
We continue to be excited about the results of our current drill program. These results will be included in the updated resource coming out this quarter and in the PEA coming out by the end of the year. We are extraordinarily encouraged about the thickness of the potash beds in these holes as well as the average grades. This new drilling helps connect our sections in the south with our sections on the west and is giving us a clearer picture of the potash deposition.