VANCOUVER, BRITISH COLUMBIA-(Marketwire June , 2013) - Passport Potash, Inc. (Passport or the Company) (TSX-V: PPI) (OTCQX: PPRTF) is pleased to report that it has submitted its application to the Arizona State Land Department (ASLD) to convert its mineral exploration permits to mineral leases. Concurrent with its application Passport has also submitted its Mineral Development Report (MDR)
The MDR is required by the ASLD for all mining operations on Arizona State Trust lands, and is a detailed report covering geologic assessment, economic feasibility, environmental assessment, mine operations plan, and reclamation and closure plans. As is customary, the review of the application and MDR by the ASLD will take a minimum of six months.
Passport Potash President and CEO Joshua Bleak commented: “This is an important step for Passport in the permitting process, and in de-risking this project. Because of all the technical work we have done, including drilling over 60 new exploration holes, 110 line miles of 2D seismic survey, geophysical work on the new holes and on over 100 historical holes, we are confident that this will be a smooth process.
About Passports Holbrook Potash Project
Passport Potash Inc. is a publicly traded corporation engaged in the exploration and development of advanced potash properties with its major focus on a previously explored potash property in Arizona. Passport has acquired a strategic position in the Holbrook Basin with land holdings encompassing over 127,000 acres (51,395 hectares). Passport has also entered into a joint exploration agreement with the Hopi Indian Tribe to work toward developing about 13,000 acres (5,261 hectares) of contiguous privately held Hopi land.
About the Arizona State Land Department
The primary and continuing goal of the Arizona State Land Department is to increase revenue for the beneficiaries of State Trust Land and to protect its long term interest. In FY 2012 and the first half of FY 2013 the Department generated over $430,000,000 for Trust land beneficiaries, primarily K-12 education. As the economy continues to strengthen, the Department looks forward to increasing opportunities to generate revenue and contribute to the continuing success of the State of Arizona. For more on the Arizona State Land Department click http://www.azland.gov .
On behalf of the Board of Directors
PASSPORT POTASH INC.
Joshua Bleak, President
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.
Contact:
Passport Potash Inc.
Peter J. Kletas
Manager of Corporate Development
866-999-6251866-999-6251 -Toll Free
[email protected]
Passport Potash Inc.
Clive Mostert
Corporate Communications
780-920-5044780-920-5044
[email protected]
www.passportpotash.com
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