Potash America inc. News I'm interested in potash investment
I Have not done any dd on this company as of yet.
any information would be appreciated
thank you ...
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here is the latest news release
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Potash America, Inc. Announces Commencement of Geological Evaluation for Mineral County, Nevada Property
Thursday June 02, 2011 - 15:00 PM EDT
RENO, Nev., June 2, 2011 /PRNewswire/ -- Potash America, Inc. (OTCBB: PTAM), (the "Company") has employed the consulting services of Industrial Mineral Developments, (IMD) Inc. to assess and evaluate the economic potential of the Montmorillonite mineral properties of Potash America, Inc., located in Sodaville, Mineral County, Nevada (the "Mining Properties").
IMD will supply a Geological Report (the "Report") that will use observed (mapped) geologic data, sampling, and assays in addition to limited literature and historical research to evaluate and specifically determine and locate economic mineral potential and initial mining areas on the Mining Properties.
Mapping (GPS locations) and evaluation of exposed clay mineralization in previous mining and in un-mined outcrop areas will be added to published geological mapping and followed with sampling and certification of assays. The exact locations of mineable ore and a chain of custody of samples that will be noted in the Report, certified by a licensed professional geologist and the assayer, are proposed to determine the economic feasibility and location of ventures to recover minerals from the Mining Properties. Assays that are necessary to delineate mineable ore locations and develop the Report will be sent to nationally accredited licensed assayer(s) for analyses.
Evaluation may yield up to 20 samples and will serve to determine and understand the economic potential of the mineralization. Samples will be used to determine agricultural and industrial uses for the clay minerals (montmorillonite) and for a complete elemental suite to determine the presence of any rare earth or other valuable mineralization.
Due to the location of the montmorillonite and bentonite deposit near previous producing areas of precious metals, IMD suggests that the requested assay trace element suite contain precious metals analysis.
The estimated time to research, survey and deliver a progress report will be one week after the initial three (2 - 3) day field visit (scheduled to begin 6/1/11).
Potash America, Inc.
Notice regarding forward looking statements
This news release contains "forward-looking statements", as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the expectation of closing on t eh Nevada and Newfoundland property acquisitions, the final terms of such acquisitions, the commencement or completion of any feasibility studies, and the results that may be obtained from any exploration work that may be conducted.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our current and periodic reports filed from time-to-time with the Securities and Exchange Commission.
Please see our public filings at www.sec.gov for further information.
SOURCE Potash America, Inc.