Universal Potash to Fast Track Exploration Permit Process for Paradox Basin
November 16 2010 - 9:30AM
Marketwired
Universal Potash Corporation (the "Company") (PINKSHEETS: UPCO) is
pleased to announce the Company has engaged Harrison Land Services
(HLS) to coordinate the regulatory process as well as direct an
extensive environmental analysis of the planned exploration areas
and has initiated its exploration permit process for our newly
acquired lease applications northwest of Moab in the Paradox Basin
of Utah. The Company expects the EA work to be complete in 60 days
and our exploration permit approval which will provide clearance
for immediate exploratory drilling. The application process
approval is expected to take approximately 90 days which fits with
our 2011 timeline.
The financial markets are showing significant support for Potash
development projects and producers, "...and during our Permit
Process UPCO will continue to pursue the aggressive acquisition of
additional strategic mineral holdings. We have had numerous
business opportunities and 'offers of financing' enquiries and our
plans are to close a commitment for up to $1,300,000 in development
and expansion capital in the 1st Quarter of 2011. The engagement of
Harrison Land Services and its CEO, Gavin Harrison will allow
management to continue to move Universal Potash forward building on
our current quality assets," stated Kevin M. Murphy, CEO of
Universal Potash Corp.
About Harrison Land Services - Headed by
CEO Gavin Harrison is a well recognized firm in the Potash, Oil and
Gas, Precious Metals and Uranium fields. HLS provides a
comprehensive portfolio of Field Recon, GIS Data Collection &
Compilation, GPS Field Navigation, Map and Data Preparation,
Research of Surface and Mineral Estates, locating, mapping and
probing historic drill holes, mineralized outcrops and red-ox paleo
channels. HLS assists its clients in the preparation of geologic,
geographic, claim and drill maps, notice of locations, and state
mineral lease applications to maintain within compliance of local,
state and federal government agencies standards.
About Universal Potash Corp. - Universal
Potash Corp. is an acquisition driven exploration stage potash
mining corporation dedicated to increasing shareholder value. The
Management of Universal Potash's principal focus is the acquisition
of premium leasehold properties and the future development of these
properties and business interest on a global basis. Management
efforts are channeled into building Shareholder value as we are
building Universal Potash Corp. into an international enterprise
and becoming a key player in meeting the growing challenge of
feeding the world.
"Safe Harbor" Statement: Under the Private Securities Litigation Reform Act of
1995: The statements in all press releases that relate to the
company's expectations, with regard to the future impact on the
company's results from new projects in development, are
forward-looking statements. A complete disclosure of our "SAFE
HARBOR "statement is posted on our website at
www.UniversalPotash.com under the heading "NEWS."
Contact: Kevin M. Murphy CEO CEO@UniversalPotash.com Investor
Relations Toll Free 1-877-331-8777
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