American Potash Corp (APCOF)

[JonnyRBuck12]

American Potash cancels La Escondida project option

2023-03-16 14:27 ET - News Release

Mr. Jonathan George reports

AMERICAN POTASH CANCELS LA ESCONDIDA OPTION

American Potash Corp. will not be continuing with its option agreement on the La Escondida silver project, located in Sonora, Mexico. However, it will retain a 100-per-cent interest in the surrounding 4,000-hectare La Tortuga property and continue to maintain that concession in good standing.

Although initial results from exploration programs conducted on the La Escondida project from 2020 to 2022 (which included approximately 1,800 metres of reverse circulation drilling) were very encouraging, management has decided to focus the company's resources exclusively on its Green River potash and lithium project, located in the Paradox basin in Utah.