RENO, Nev., Feb. 13, 2012 /PRNewswire/ -- Potash America, Inc. (OTCBB: PTAM), ("the Company" or "PTAM"). During the third quarter, PTAM aggressively entered the agricultural sector through the proposed commercial development of its Sodaville, Nevada Calcium-Montmorillonite deposit. Drilling contract(s) to 3-D map the "Pit #1" Quarry are being finalized. The Bureau of Land Management has permitted both the drilling and a bulk sampling project.
Research by Dr. Garn Wallace (Wallace Labs, El Segundo, CA) has yielded a blueprint for custom blending a premium soil amendment. Additionally, it was determined that the clay on the Company's property was suitable for animal feed/supplement without any blending necessary.
Barry Wattenberg, our President and CEO, said, "While the science is clear, it is only recently that the economics make this exceptional clay commercially important. More testing is being done to optimize the use of our clay, particularly the clay's unusual content of scarce trace elements and its ability to release them easily into the surrounding soil. We must also apply for, and receive final governmental approval(s) prior to any commercial production."
"Forward-looking statements", as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future including, but not limited to, the receipt of any required approvals or commencement of production. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration. The Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although the Company believes that the beliefs, plans, expectations and intentions contained in press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in the Company's current and periodic reports filed from time-to-time with the Securities and Exchange Commission.
For Additional Information, Contact:
Teresa Schaffer, shareholder/public relations
Tel: 1-877-745-3680
E-mail: [email protected]
SOURCE Potash America, Inc.
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