NEWS...
Universal Potash Mobilizes Onsite Staking and Access Recon.
Mar 31, 2011 01:45:00 (ET)
FOX ISLAND, Wash., March 31, 2011 /PRNewswire via COMTEX/ -- Universal Potash Corporation (the "Company") (pinksheets:UPCO) announces staking has commenced on our interests in the Paradox Basin of Utah. Harrison Land Services has been contracted by UPCO to commence the recon phase for two drill hole locations situated within the newly acquired leases. The recon phase will include staking, flagging, photographing and mapping of the two proposed drill site locations. Photos will be available on our website at www.UniversalPotash.com . This Phase 1 process will set the foundation for Universal Potash's baseline data accumulation, which is required for carrying out the necessary environmental surveys to implement the regulatory process. Universal Potash Corp. anticipates the turnaround time for the permit approval from Utah State Trust Lands to be four to six weeks.
The Universal Potash Corp. exploration planning process is nearing completion. Detailed logistics are currently being incorporated into our exploration model. Contractors, excavation and reclamation experts, drilling and mud engineering companies are preparing final budgets and cost associations with our exploration project. Universal Potash Corp's newest venture is located less than 1,000 yards west of the BLM's designated KPLA (Known Potash Leasing Area) reserve. The UPCO property interests encompass nearly 2,000 acres of the School and Institutional Trust Lands Administration (SITLA) subsurface potassium rights near the Lisbon Valley KPLA.
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SOURCE Universal Potash Corporation
