Spokane, Wash.-Marifil Mines Ltd. said July 8 that recent drill hole data confirms economic amounts of potash are present in both drill hole Conin X1 and in drill hole Pillantoqui X1 on the K-2 project in Argentina. The K-2 project is located in the company’s newly acquired, 100 percent owned, 100,000 hectare potash property in the Neuquén Basin, Argentina. Marifil says the strong correlation between the two holes, 13 kilometers apart, indicates that it may have discovered a major potash deposit. Marifil says to date it has identified two potash horizons in the same basin as Rio Tinto’s Rio Colorado potash mine, which has a geologic resource of two billion mt of KCl.
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