Aug 12, 2014 (ACCESSWIRE via COMTEX) -- Vancouver, British Columbia / ACCESSWIRE / August 12th, 2014 / Pacific Potash Corporation CA:PP -25.00% (otcqx:PPOTF) DE:P9P -30.77% is pleased to announce that that the Board of Directors has approved a plan of action to continue developing the Amazon Potash Project ("the Property") in Brazil. Our present landholdings are in good standing and the required filings and reports have been made with the Departamento Nacional de Producao Mineral in Brazil. After thorough geological research and analysis, we have decided to focus on the most highly prospective lands in the Amazon Basin and reduce the land position to a more central part with an area of 2,800 km2. The Company's geological team has plotted several highly prospective drill targets. Pacific Potash intends to conduct a follow up 5 hole major drill program to test the potash potential of the Property. As previously reported, the Property is situated in an area where major potash discoveries have been made by Petrobras and Potash Brazil where large potash reserves have been delineated.
The Board of Directors announces that in order to further enhance the effectiveness of the Company's oper0.ation, Mr. Tao Liu, currently the Co-Chairman and Director of Pacific Potash, will work more closely with the management team in regard to the Company's strategies and decisions. The Board of Directors is also conducting a thorough executive search for a new Chief Operation Officer.
The Board of Directors is highly confident that we will be able to meet the milestones needed to move towards the potential discovery and development of potash on our Amazon Potash property in Brazil.
www.marketwatch.com/story/...vides-corporate-update-2014-08-12
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