Perth-Australian mineral exploration firm Redstone Resources Ltd. reports that it has acquired a strategic phosphate exploration project in northern Brazil. Redstone says it has 18 applications for exploration licenses, all of which have been accepted by the Mineral Department of Brazil. The project is located within the main agricultural region of Amazon State, approximately 200 kilometers north of one of the main ag regions in South America ?Çô northern Mato Grosso. The project is bisected by the Trans-Amazon highway. Redstone said that surveys in the 1980s indicated surface phosphorite mineralization between 7-10 percent P205. Earlier this year, Redstone said it acquired a potash exploration project in the Aneba sub-basin in northern Brazil.
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