American Potash Receives Exploration, Drill Permits For Green River Project
FULL DISCLOSURE: This is sponsored content for American Potash.
American Potash Corp (CSE: KCL) has obtained approvals for its plan of operations from the US Department of the Interior’s Bureau of Land Management.
The approvals, which pertain to 25,480 acres of land claims, include the issuance of eleven prospecting permits and the authorization of four exploratory drill holes across the property. The permits include federal potash exploration permits, as well as BLM placer claims that cover lithium rights and state leases for the whole of its Green River Project in the Paradox Basin of Utah.
Cumulatively, American Potash has obtained approvals for seven exploratory drill holes at Green River, with drilling to focus on validating the high grade potash potential of the project, as well as the continuity of lithium brine formations and large lithium resources. Green River currently has an exploration target ranging from 600 million to 1 billion tonnes of sylvinite, averaging grades between 19% to 29% KCL, while the property is also prospective for lithium due to discoveries by Anson Resources to the north and south.
The Paradox Basin is said to be one of eight designated potash super basins globally, while more recent development work has earmarked the basin as one of the largest domestic sources of lithium in the United States. American Potash intends to establish an initial resource for both minerals, as well as potential by-products.
“This is a huge step for the Company and the culmination of a process lasting several years. It positions the Company to be able to drive forward with its business plan to confirm and validate historic data and targets, and to leverage the benefit of nearby production and neighboring development work, through the drill-bit,” commented American Potash CEO Simon Clarke.
American Potash last traded at $0.10 on the CSE.
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As the founder of The Deep Dive, Jay is focused on all aspects of the firm. This includes operations, as well as acting as the primary writer for The Deep Dive’s stock analysis. In addition to The Deep Dive, Jay performs freelance writing for a number of firms and has been published on Stockhouse.com and CannaInvestor Magazine among others.
