Pelangio Exploration Inc.
Ghana – Timmins – Red Lake ● World-class Gold belts
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AGORACOM News Flash

AGORACOM Client Feature

PP: TSX-V

Company is planning a late summer exploration program on its claim block which totals 795,824 hectares. The Amazonas Potash Basin is similar in size, scale and geology to Saskatchewan’s potash evaporate deposit, which is the largest and most prolific potash reserve in the world.

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Investment Highlights - Brazil

Amazonas Potash Basin

  • The Brazilian Government plans to reduce Brazil’s reliance on potash imports from 91% to 60% over the next 5 years
  • Soils in Brazil are deficient in potassium and require potash to remain productive
  • The Amazonas potash basin is similar in geology and dimension to the Saskatchewan potash basin in Canada

·Two deposits owned by Petrobras—Arari and Fazendinha—are located 20 and 40 km west of the property being optioned by Pacific Potash. These two deposits have reported historic resources as follows*:

Fazendinha – 520 Mt @ 28.8% KCl
Arari – 659 Mt @ 17.7% KCl

 

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Message: Nice up day

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Nice up day

posted on Jan 17, 12 04:12PM

The stock reacted well with the positive drill results.

Pending:

1. more drill results

2. drilling is runs 12 months a year

3. resource estimate (late this year)

These guys are on a roll. They delivered once and they are on thier way for a repeat IMHO.

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