Red Moon Potash Inc. has started drilling on its Captain Cook salt/potash deposit in western Newfoundland.
A prepared release from the company said the summer drill program will consist of two holes, one of them located near a hole that was drilled in 2013 that encountered 150 metres of salt, including an upper zone of potash beds.
From seismic testing, this new hole is believed to bear salt and potash.
The other new hole, located approximately 1,000 metres east of the discovery hole Captain Cook 1, is the first hole to stepout in an easterly direction. Both these new stepout holes are intended to add substantial tonnage to the salt deposit and further calibrate potash distribution in the basin.
The holes, not expected to exceed 600 metres in depth, are being drilled by a continuous coring operated by Logan Drilling Limited.