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Message: NR: Passport Potash Inc. Engages SRK to Prepare NI 43-101
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Passport Potash Inc. Engages SRK to Prepare NI 43-101
11/24/2010 11:23:06 AM -
Vancouver, B.C. November 24, 2010. Passport Potash Inc. (PPI: TSX.V) is pleased to announce that it has engaged SRK Consulting ("Stefan, Robertson, Kirsten") to complete an independent National Instrument ("NI") 43-101 technical report for the Holbrook Basin Potash Project in Navajo County, Arizona. In connection with the technical report, SRK plans to construct a 3-D geological model, develop a resource block model and estimate in-place resources according to CIM definitions. Passport plans to have the report completed during the first quarter of 2011. SRK will also be retained as an independent consultant for future 43-101 resource calculation purposes.
SRK is an independent multinational consulting firm which has, among its clients, most of the world?s major and medium-sized exploration and mining companies. It employs over 1,000 professionals on six continents and specializes in all stages of mineral exploration and development. SRK provides focused advice and solutions to clients offering services from exploration through feasibility, mine planning and production to mine closure.
SRK will use historic drill data, seismic surveys and Passport''s drill results to develop a geological model, construct a resource block model and estimate in-situ resources that are compliant with CIM definitions of resource classification for NI 43-101 reporting purposes.
"We are pleased and privileged as a junior exploration company to have SRK onboard", says Passport?s President. ?SRK is a world renowned reputable firm with unsurpassed expertise in all stages of mineral exploration and development. Passport looks forward to working with SRK in producing a NI 43-101 compliant resource report.?
About the Holbrook Potash Project
The Holbrook Basin contains a 600 square mile potash bed in the Permian Supai Formation as documented by the Arizona Geological Survey (AGS) Open File Report 08-07. The potash bed was first discovered in the Holbrook Basin in the early 1960s and was drilled and defined by Duvall Corporation and Arkla Exploration. Due to low potash prices in the 1970s the Holbrook Basin potash bed was not developed after discovery. Since that time, increasing demand for potash, both domestically and globally, has rekindled awareness of major potash deposits such as the Holbrook Basin. In close proximity to major highways, railroads, and power sources, the area is ideally situated to support large scale potash production and transport.
On behalf of the Board of Directors
PASSPORT POTASH INC.
Stephen B. Butrenchuk, President
11/24/2010 11:23:06 AM -
Vancouver, B.C. November 24, 2010. Passport Potash Inc. (PPI: TSX.V) is pleased to announce that it has engaged SRK Consulting ("Stefan, Robertson, Kirsten") to complete an independent National Instrument ("NI") 43-101 technical report for the Holbrook Basin Potash Project in Navajo County, Arizona. In connection with the technical report, SRK plans to construct a 3-D geological model, develop a resource block model and estimate in-place resources according to CIM definitions. Passport plans to have the report completed during the first quarter of 2011. SRK will also be retained as an independent consultant for future 43-101 resource calculation purposes.
SRK is an independent multinational consulting firm which has, among its clients, most of the world?s major and medium-sized exploration and mining companies. It employs over 1,000 professionals on six continents and specializes in all stages of mineral exploration and development. SRK provides focused advice and solutions to clients offering services from exploration through feasibility, mine planning and production to mine closure.
SRK will use historic drill data, seismic surveys and Passport''s drill results to develop a geological model, construct a resource block model and estimate in-situ resources that are compliant with CIM definitions of resource classification for NI 43-101 reporting purposes.
"We are pleased and privileged as a junior exploration company to have SRK onboard", says Passport?s President. ?SRK is a world renowned reputable firm with unsurpassed expertise in all stages of mineral exploration and development. Passport looks forward to working with SRK in producing a NI 43-101 compliant resource report.?
About the Holbrook Potash Project
The Holbrook Basin contains a 600 square mile potash bed in the Permian Supai Formation as documented by the Arizona Geological Survey (AGS) Open File Report 08-07. The potash bed was first discovered in the Holbrook Basin in the early 1960s and was drilled and defined by Duvall Corporation and Arkla Exploration. Due to low potash prices in the 1970s the Holbrook Basin potash bed was not developed after discovery. Since that time, increasing demand for potash, both domestically and globally, has rekindled awareness of major potash deposits such as the Holbrook Basin. In close proximity to major highways, railroads, and power sources, the area is ideally situated to support large scale potash production and transport.
On behalf of the Board of Directors
PASSPORT POTASH INC.
Stephen B. Butrenchuk, President
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