Universal Potash has begun staking on its assets in the Paradox Basin of Utah. UPCO has hired Harrison Land Services to start the recon phase for two drill hole sites located in the recently purchased leases.
Staking, flagging, photographing and mapping of the two planned drill locations are included in this phase. This recon phase will set the basis for the baseline data accumulation of Universal Potash that is needed to perform the essential environmental surveys to execute the regulatory process. Universal Potash is expecting the time for the authorized permit approval from the Utah State Trust Lands to be four to six weeks.
Universal Potash is going to finish the exploration planning process. At present, comprehensive logistics are being included into the exploration model. The final budgets and cost associations for the exploration are being prepared by contractors, excavation and recovery experts, drilling and mud engineering companies. The most recent project of Universal Potash is sited less than 1,000 yards west of the selected KPLA (Known Potash Leasing Area) reserve of BLM. The property interests of UPCO include almost 2,000 acres of the School and Institutional Trust Lands Administration (SITLA) subsurface potassium rights nearby the Lisbon Valley KPLA.