Vancouver-Ringbolt Ventures Ltd. said July 11 that it wishes to retract a release put out June 4 on the basis that the release might infer that the company has a potash resource on its Utah property. Ringbolt says that it does not have an NI 43-101 resource or a historic resource. The retraction came after a review by the British Columbia Securities Commission. Ringbolt now says that the potential quantity and grade of the potash on the companies’ property in the Paradox Basin is conceptual in nature. There has been insufficient exploration to define a mineral resource, and it is uncertain if further exploration will result in the targets being delineated as a mineral resource. Ringbolt explained that some 20 earlier drill holes predated NI 43-101 standards. More details as to what was found can be found at the company’s website at www.ringboltventures.com.
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