Here is news put out just a couple of hours ago from Passport Potash:
Passport Potash Continues to Intercept Strong Potash Mineralization in 2012 Expansion and Infill Drill Program
VANCOUVER, BRITISH COLUMBIA–(Marketwire – August 1, 2012) – Passport Potash, Inc. (TSX VENTURE:PPI)(OTCQX:PPRTF) is pleased to report drill results on 4 additional holes of its 2012 Drill Campaign. All holes drilled intercepted strong potash mineralization and the results will be included in the updated resource estimate.
The analytical results received were for Holes 12-05, 12-06, 12-14 and 12-24. Holes 12-05, 12-06 and 12-24 are part of the expansion and infill drill program designed to expand the NI 43-101 Technical Report prepared by ERCOSPLAN. Hole 12-14 was drilled on the recently acquired Fitzgerald Trust Ranch, is the first exploratory hole undertaken by Passport on that property, and is important as no mineral resource had been previously determined or estimated for the area. Hole 12-14 is strategic as it is located between the Twin Buttes Ranch and Passport’s southern land package, so as to bridge the two areas, and the results show that potash trends throughout the area with significant thickness and KCl grade.
The results for Holes 12-05, 12-06, 12-14 and 12-24 are listed in the Table below. Drill intercepts are believed to represent true thicknesses, as the holes were drilled vertically and the potash beds are essentially flat lying.
Hole ID From(ft) To(ft) Thickness (ft) Thickness(m) %K2O %KCL
1205 1086 1092.5 6.5 1.98 12.27 19.42
Including 1089 1090.5 1.5 0.45 25.53 40.42
1206 1109 1114 5 1.52 11.16 17.66
Including 1112 1113 1 0.30 21.35 33.80
1214 1056 1062.5 6.5 1.98 11.54 18.26
Including 1060 1061.5 1.5 0.45 26.33 41.69
1224 1143.5 1149.5 6 1.83 9.13 14.44
1224 1153.5 1158.5 5 1.52 9.03 14.30
Including 1153.5 1154.5 1 0.30 14.71 . 23.29
To view location of the reported 4 drill holes click here: (http://passportpotash.com/pdf/map.jpg)
