Pacific Potash begins drilling operations at Brazil project

15 November 2013 21:55  [Source: ICIS news]

HOUSTON (ICIS)--Pacific Potash has commenced drilling at its Amazonas Potash Project, the Canadian fertilizer producer announced on Friday.

The Vancouver-based producer, the second largest land holder in the Brazilian Amazon potash basin, said the drilling efforts mark the first potash well ever conducted in the central part of the basin, which is comprised of approximately 1.7m hectares (4.2m acres) and has been shown to hold vast deposits of the vital crop nutrient.

Company officials said the depth of the well is currently 456 meters and is being cased and cemented to complete the first stage of drilling operations. Officials estimate it will take approximately 60 days to drill to the true depth of 1,400m (4,592 ft) and remove core samples from the deposit formation. The samples will be sent to Saskatchewan for chemical analysis and processing.

“Drilling to date has been extremely smooth. Logistics have been on time and on budget,” said Balbir Johal, Pacific executive co-chairman. “Being fully funded for several wells, we anticipate many exciting months of exploration in anticipation of a new potash discovery in this world class basin.”

By: Mark Milam
+1 713 525 2653

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