Thursday, August 6, 2009

First modern potash drill holes completed


Southwest Exploration completed drilling of 4 exploratory holes on State Trust Lands near Holbrook to test the potash potential. The samples are being analyzed to determine potash extent and quality. The company did not drill fifth hole that was permitted reportedly due to access problems.

The drill holes are the first new ones in decades, as the price of potash and last years AZGS resources report [right, potash layer in red] have attracted worldwide attention to this potentially world-class deposit.