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END OF DAY ALERT – (PP: TSX-V) Pacific Potash Corp Up 36% on 2.9M Shares (Sponsor)

Posted by AGORACOM-JC at 4:50 PM on Friday, April 26th, 2013

                                                                            

Last Traded: $0.13 Up: $0.035

Percentage: 36.84% Vol. 2.8M Shares

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Pacific Potash is engaged in the exploration and development of the Provost Potash Property and the surrounding potash claims targeting the Prairie Evaporite Formation. Pacific Potash has officially acquired 100% interest in Western Potash Corporation’s Amazonas Basin claims in Brazil.

Investment Highlights – Brazil

Amazonas Potash Basin

  • The Brazilian Government plans to reduce Brazil’s reliance on potash imports from 91% to 60% over the next 5 years
  • Soils in Brazil are deficient in potassium and require potash to remain productive
  • The Amazonas potash basin is similar in geology and dimension to the Saskatchewan potash basin in Canada
  • The claims are situated close to a primary market: Brazil is the 2nd largest importer and 3rd largest user of potash in the world
  • Two deposits owned by Petrobras—Arari and Fazendinha—are located 20 and 40 km west of the property being optioned by Pacific Potash. These two deposits have reported historic resources as follows*:Fazendinha – 520 Mt @ 28.8% KCl
    Arari – 659 Mt @ 17.7% KCl

Highlights of 43-101 Report

  • Potash has been intersected on 3 margins immediately adjacent to the property (West, North, and North East).
  • The Property is located on the northwest limb of the Middle Amazonas Basin, extending across the deepest part of the basin axis. The known occurrence of potassium salts (potash) is in Cycle VII in the Nova Olinda Formation. The Cycle VII potash mineralization occurs in numerous drill holes in the Middle and Lower Amazon basin, including those that define the Fazendinha and Arari potash occurrences.
  • Well log control from within the basin, but outside the claims, indicates thickening of the Nova Olinda formation towards the basin axis.
  • Potential potash layers are expected to occur at depths of 1100 to 1800 m.

Investment Highlights – Alberta

Provost Potash Property

  • Two 100%-owned MAIM permits totaing 17,781 hectares of land, located 250 km southeast of Edmonton and 45 km west of the historic Unity Potash Mine
  • Exceptional infrastructure (access to water, paved roads, services lines, railway, workforce)
  • Alberta was ranked the No. 1 jurisdiction for Mining and Exploration by the Fraser Institute in 2011
  • The Alberta Department of Energy (Mineral Development Division) advised that potash royalty would be similar to salt at $.045/tonne compared to Saskatchewan’s $6.00/tonne
  • 50:50 Joint Venture Twenty-four MAIM permits totaling 213,269 hectares, owned in a 50:50 Joint Venture with Grizzly Discoveries Inc.

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