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Message: Pacific Potash Corp Announces Drill Results from Amazonas Basin
Pacific Potash Corp Announces Drill Results from Amazonas Basin
VANCOUVER, BRITISH COLUMBIA / TNW-ACCESSWIRE / June 10th 2014 / Pacific Potash Corporation (TSX-V: PP; OTCQX: PPOTF; FSE: P9P, "Pacific Potash", "the Company") has received analytical results on drill hole PP01-13 from the Amazonas Potash Project in Amazonas State, Brazil. The analyses were completed by the Saskatchewan Research Council Geoanalytical Laboratories ("S.R.C.") in Saskatoon, Saskatchewan, an ISO/IEC 17025:2005 accredited lab, and one of the most experienced analytical laboratories for potash projects in the world. The results report from S.R.C is dated June 6th, 2014.
S.R.C received 16 core boxes shipped from Pacific Potash's core storage facility in Manaus, Amazonas state, Brazil. S.R.C split the core in two halves by sawing, and divided each core box into two samples yielding 32 analytical results under instructions from Harrison Cookenboo, Ph.D., P.Geo, a consultant for Pacific Potash since April, 2014. The samples range in length between 1.31 and 1.44 m. The total sample length tested is 44.5 m, out of the 58.6 m interval between 1004.0 m and 1062.6 m. The results demonstrate that the core intersected evaporite salts of halite and anhydrite, but returned no commercially significant potash. The K2O results ranged between 0.04% and 0.57% for all of the samples.
Pacific Potash's drill hole was drilled on land approximately 1 km from the eastern shore Amazon River, between October 29, 2013 and January 4, 2014, under the supervision of Andre Costa, P.Geo. who was then Chief Geologist for Pacific Potash. The core was logged by Mr. Costa, and samples were stored securely in Manaus, approximately 200 km west of the drill site. Evaporite beds of halite and anhydrite were logged by Mr. Costa between 982.95 m and 1266.60 m depth, with interlayers of intrusive diabase covering 82.65 m of that interval. The drill hole ended at 1421.42 m. Core boxes were selected for shipment from Manaus by Pacific Potash in March, 2014 after Mr. Costa left the company at the end of February, 2014.
After sawing the core in Saskatoon and creating two samples per core box, S.R.C applied their potash exploration package analytical routine to each sample. This analytical routine involves crushing to produce a fine grained pulp, and then analysis of the water soluble portion of the sample by inductively coupled plasma - optical emission spectrosy (ICP-OES) to determine commercial potash. The procedure is detailed on S.R.C's website: www.src.sk.ca.
The Company will assess these recent results to determine the extent of the Company's continued commitment to the Amazonas Potash Project and the best course of action going forward. Discussions are continuing with respect to possible funding for drilling of any additional holes.
We Seek Safe Harbor.
On behalf of the Board,
Pacific Potash Corporation
Executive Co-Chairman, Director & CEO
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