🕐28.03.12 - 01:27 Uhr

POTASH MINERALS [ASX: POK] - FEDERAL DRILLING PERMIT UPDATE





Fortbridge Media Release

Potash Minerals [ASX: POK] - Federal drilling permit update

Potash Minerals (ASX: POK) is targeting approval for the Federal Exploration Permit containing a revised drilling programme near the end of Q2 2012. Recent access to more accurate and detailed geophysical data has enabled the Company to identify improved locations for this Federal drilling.

Highlights:

* Acquired additional Paradox Basin Geophysics
* New Drill Locations Generated on Federal Blocks
* Drilling Permit Application with BLM Resubmitted

On October 13, 2011 Potash Minerals announced that its 90% owned joint venture vehicle K2O Utah LLC (K20 Utah) had executed a Memorandum of Understanding (MOU) with the United States Bureau of Land Management (BLM) concerning exploration for potash on federal lands of the Paradox Basin Project.

Subsequently on November 7, 2011 K2O Utah submitted its Exploration Plan for potash core holes on Federal Lands to the BLM to begin the permitting approval process. On March 23, 2012 this Exploration Plan was amended to reflect the more comprehensive geophysical data which has only recently been obtained from K2O Utah�s state block drilling programme and from Stone Energy who drills for oil & gas in the Paradox Basin.

Please find more in the attached announcement

For further information, please contact:

Ben Binninger
Director
Potash Minerals Limited
Tel: +61 8 9482 0515
Fax: +61 8 9482 0505

Media & Investor Enquiries:

Fortbridge - +612 9331 0655
Bill Kemmery - +61 (0) 400 122 449








Products & Services | Jobs