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Red Moon Potash Inc. is a subsidiary of Vulcan Minerals Inc. (www.vulcanminerals.ca) . The company was listed on the TSX Venture Exchange in August, 2012. Vulcan discovered a potash zone in the Bay St. George basin of western Newfoundland during the course of petroleum exploration. This early stage discovery is very encouraging, encountering grades up to 32% KCI (20%K20) less than 300 meters deep. Red Moon intends to further explore and potentially develop the existing Captain Cook potash discovery and other nearby potash targets and will launch a drilling program in 2013 to evaluate the potash potential in western Newfoundland. The drilling campaign will be designed to determine the probability of the existence of a commercial potash deposit (sufficient grade over minable width). Favourable potash drilling results will form the basis of a pre-feasibility study, further drilling (tonnage definition) and a feasibility analysis which will likely attract development proposals from third parties for financing and development. Preliminary potash drill locations have been identified from an extensive geological/geophysical database. Internal work is underway for planning/permitting and procurement of a 2013 drilling program. Since there is every indication of a substantial associated salt deposit discovery, with grade exceeding 98% NaCl, the company will continue to evaluate the merits of a commercial salt deposit in conjunction with the potash evaluation program.
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