Verde Agritech Ltd (NPK)

[alvik]

Verde Potash: Cerrado Verde Inferred Resource Estimation Expanded 100% to 2.68 Billion Tonnes at 8.8% K2O

Canada NewsWire

TORONTO, Jan. 10, 2012

TORONTO, Jan. 10, 2012 /CNW/ - Verde Potash Plc (TSX-V:NPK) ("Verde" or the "Company") is pleased to announce an expansion as a result of further drilling, to the resource estimate for the Cerrado Verde Potash Project located in Minas Gerais State, Brazil ("Cerrado Verde"). The estimate comprises an indicated resource of 74 million tonnes with an average grade of 9.22% K2O and an inferred resource of 2.68 billion tonnes with an average grade of 8.88% K2O (applying a 7.5% K2O cut-off). The drilling program defined sub-horizontal potash mineralization from surface to a maximum depth of 85m, rendering the resource amenable to open pit mining..........

President & CEO, Cristiano Veloso, said: "Given the enormity of the Cerrado Verde inferred resource, the project should be able to support large scale production of multiple potash products."


http://www.digitaljournal.com/pr/544801