ROBINSONS Red Moon Potash Inc. has completed its summer drill program for potash/salt in the Bay St. George basin.
Two holes were drilled offsetting the area known as the Captain Cook 1 discovery, with step-outs of 1,000 meters to the northeast and 500 meters to the southwest.
Each hole reached the target horizon and core samples are being shipped to St. Johnâ€™s for detailed review and selection for potash and salt analysis.
The two holes represent the first drill program for the company and the first attempt to map out the Captain Cook potash/salt discovery.
Red Moon owns a 100 per cent working interest in about 90,000 acres in the basin.
Several rounds of drilling will be required to fully assess its potential. The information obtained from these holes will be extremely useful to understanding the existing seismic data and geologic history of the natural salt basin.
The understanding of this will be important for optimizing future drill locations, according to Patrick Laracy, president of Red Moon Potash.
Red Moon is a junior exploration company focused on potash/salt exploration in western Newfoundland.