Pacific Potash Corporation (TSXV:PP, OTCQX:PPOTF, FSE:P9P) has been granted environmental permits for drilling at its Amazonas potash project. Furthermore, the company has secured and is mobilizing a drill rig the project. Pacific Potash has finalized its work program, including processing and analyzing seven additional historic seismic lines which overlay the initial drill targets. The company is looking forward to the start of drilling in the next 7 days.
According to the company’s press release:
The initial well drilled by Pacific Potash will be the first potash well ever to be drilled in the central part of the Amazonas Basin, as previous exploration efforts for potash have been directed towards the margins of the basin.
Mr. Andre Costa, President and CEO stated
This is a very significant milestone for Pacific Potash, as the path is now clear for us to execute the drilling of our initial well of the exploration program.