Passport Potash Inc. Contracts with Zonge International to Complete 50 Line-Mile Seismic Survey on the Holbrook Potash Project
VANCOUVER, BRITISH COLUMBIA–(Marketwire – Feb. 2, 2011) – Passport Potash Inc. (TSX VENTURE:PPI) (“Passport”) is pleased to announce that it has engaged Zonge International. The planned 50 line-mile seismic survey at the Holbrook Basin site is presently in progress.
The results of the seismic survey will be used in evaluating geologic, stratigraphic and structural information for the Holbrook Basin, augmenting Passport’s ability to assess of the predictability, thickness, and continuity of the potash horizon and the mapping of possible faults and other geologic structures within those units of primary interest. This information will be included and utilized in the NI 43-101 report being prepared by SRK Consulting.
Commenting on the seismic survey, Passport president Joshua Bleak stated, “Retaining Zonge to perform the seismic survey will greatly bolster our understanding of the Holbrook Basin potash deposits, and will carry our exploration efforts to a level not yet realized in the Holbrook Basin. The results of the seismic survey together with the results of our ongoing drilling will produce a characterization of the potash deposits that will be a key step in moving towards resource development.”
On behalf of the Board of Directors
PASSPORT POTASH INC.
Joshua Bleak, President
This news release includes certain statements that may be deemed “forward-looking statements”. All statements in this release, other than statements of historical facts, including the likelihood of commercial mining and possible future financings are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include unsuccessful exploration results, changes in metals prices, changes in the availability of funding for mineral exploration, unanticipated changes in key management personnel and general economic conditions. Mining is an inherently risky business. Accordingly the actual events may differ materially from those projected in the forward-looking statements. For more information on the Company and the risks and challenges of its business, investors should review the Company’s annual filings that are available at www.sedar.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For more information, please contact
Passport Potash Inc.
Toll Free (855) 476 9774 or (780) 920-5044