| Name | Title | Contact Details |
|---|---|---|
Sharyn Alexander |
President | Profile |
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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Red Mile Minerals is a tightly held mineral exploration company with a gold property along the prolific Destor-Porcupine gold-producing region in Ontario and the Dorset Property in Baie Verte, Newfoundland. Red Mile continues to seek additional mineral exploration opportunities where the Company's exploration expertise and corporate share structure has the potential to substantially enhance shareholder value. Currently there are 17,125,000 shares issued and outstanding.