Mesa Exploration Releases Permitting Update for the Bounty Potash Project

By Midnight Trader,  July 31, 2012, 12:44:43 PM EDT

Mesa Exploration Corp. (MSA.V) announced today that the Bureau of Land Management has determined that the Bounty Potash Project in western Utah is compatible with the regional Pony Express Resource Management Plan.

As part of the permitting process, the BLM is now reviewing historic geologic and hydrologic investigations done at the site.

Mesa has provided all available historic reports and two internally generated reports to facilitate and expedite this process.

Mesa's proposed exploration plan will be evaluated by the BLM for environmental impacts and once approved, the drilling program will commence.

Because the area is a lifeless, barren salt flat there are no anticipated environmental or permitting issues, Mesa says.

Drilling is expected to begin in the next few weeks.

MSA shares were up a penny at $0.185, moving away from year lows of $0.17.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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