Transit Holdings advised that the drilling of State Hole #1 has been completed at a total depth of 6,434ft (1,962m) and has successfully cored potash in both Bed 13 and Bed 18. State Hole #1 is the first hole of the current four-hole program on State Land designed to upgrade part of the Paradox Basin potash project's exploration target into a JORC-compliant resource. The drilling rig is now being moved 5mi (approximately 8km) to the east to commence State Hole #2. Source: Morningstar
