In the northwestern quadrant of the Four Corners district of the United States you will find Utah, a state with such a diverse landscape and natural features that it has become a highly sought after destination for outdoor enthusiasts. From mountain biking trails to world-renowned ski resorts, Utah has everything an adventure seeker could hope for. But Utah’s natural resource wealth runs deeper than what’s found on the surface. Mineral exploration in Utah is one of the major economic drivers in the western state. The region’s mineral wealth includes copper, uranium, gold, oil, gas and of course, potash.It goes on but mentions POK
Potash Minerals (ASX:POK) is working on the development of the K2O Utah Hatch Point project in the Paradox Basin. Earlier this year the company announced that it had received exploration approval from the Bureau of Land Management –the first approval granted in Utah in over 25 years. With BLM approval, Potash Minerals was able to start exploration on the property and in May the company announced JORC-compliant mineral resources estimate for the Hatch Point project. The resource estimate returned 902 Mt at 20% KCl with a 15.9% KCl cut-off grade. the estimate also indicated high grade of sylvinite of 303Mt at 24.4% KCl and 104 Mt at 30% KCl. According to the company, the maiden resources at Hatch Point is one of the largest and best grades of potash in the United States.
In August, Potash Minerals announced a Shareholder Share Purchase Plan as well as a private placement in order to raise funds to fund the pre-feasibility study at Hatch Point.
http://potashinvestingnews.com/8911-the-four-corners-of-potash-utah.html
In the northwestern quadrant of the Four Corners district of the...
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