UPCO:PINKS 0.08 0.0000 (0.00%)


Company ID [PINK:UPCO] Last trade:0.08 Trade time:4:00PM EDT Value change:0.0000 (0.00%)
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Paradox Basin

a massive Salt Anticline covering a large area of eastern Utah and western Colorado, contains as much as 2.0 billion tons of Potash in reports from the US Geological Society.  Production to date has almost entirely come from the Cane Creek Mine complex operated by Intrepid Potash, Inc., located 5 miles west of Moab, Utah, which has been in production since the mid 1960’s. Current production from the mine is in excess of 100,000 tons of Potash per year.

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We are pleased to announce the filing of certain Potash applications within the State of Utah. The applications cover a total of 29,000 acres near Moab, Utah.  Included in this is an Exploration Permit application covering a total of 3,880 acres (over 6 sections) of prospective ground northwest of Moab, and Potash Lease Applications for a total of 7,360 acres (11 ½ sections) of School Sections and a total of 17,760 acres (27 ¾ sections) of ground within the Known Potash Leasing Areas (“KPLA’s”) within 3 miles of Intrepids’ Cane Creek operations.

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Universal Potash - UPCO.OB

We are a natural resource exploration and development company engaged in the exploration and development of properties that may contain minerals in the United States. The Company is following a business plan that calls for Company representatives to research, negotiate and obtain highly prospective uranium or potash properties, following which the Company intends to enter into Joint Venture agreements to see the properties developed at a minimal cash cost to the Company.

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What is Potash?

Potash bearing rock deposits occur in many regions of the world. They are derived from the minerals in ancient seas that dried up millions of years ago. Fertilizer potash is mostly derived from these potash rocks. It requires only separation from the salt and other minerals. There are no known substitutes for potash.

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Universal Potash Approves Plans to Commence Permit Process To Drill Paradox Basin.

Fox Island, Washington 03/08/11 -- Universal Potash Corporation (the "Company") (PINKSHEETS: UPCO) announced commencement of a dual well, Phase 1 Drill Program, supported by the research completed by the US Geological Service and recommendations by Harrison (mineral acquisition and exploration) Land Services. UPCO included the evaluation of the Gamma/Neutron logs available to UPCO from previous drilling on the Company’s interest in three square miles of prospective potash properties in the Paradox Basin of Utah.

Universal Potash Corp’s newest joint venture is located less than 1,000 yards west of the BLM’s designated KPLA (Known Potash Leasing Area) reserve. The UPCO property  encompass’ nearly 2,000 acres of the School and Institutional Trust Lands Administration (SITLA) subsurface potassium rights near the Lisbon Valley KPLA and indicates variable potash depths due to their proximity to the flank of the Lisbon anticline. Projected minimum depths to bed #5, located in UPCO’s eastern section, is estimated to be 30 feet thick at at 5,500 feet. Bed #9 is assumed to be 20 feet thick at 6300' depth. This information comes from a combination of gamma ray logs available throughout the Lisbon valley area and is generalized. The estimated cost to complete Phase 1 and Right of Way (ROW) process is $8,000.00 ($4,000.00 per site).  This includes field staking the proposal, exploration map generation, disturbance calculations, and preparation of UPCO’s proposed action document and applications, onsite inspections and inclusion of access corridors. Universal Potash estimates the budget for all the above and application preparation, permit fees and required professional survey costs for two exploratory drill locations at $24,000.00.
Universal Potash Corp. has engaged Harrison Land Services, LLC of Moab, Utah to initially prepare and submit to State, County and the Bureau of Land Management, the staking and map preparation with coordinate files, the cultural, paleontological and biological resources inventory, assemble and submit Notice of Intent applications with the state, assemble and submit federal right-of-way (ROW) applications with the BLM, assemble and submit required San Juan County road encroachment applications. Harrison will also represent UPCO at onsite inspections under this phase.

About Universal Potash Corp: Universal Potash Corp. is an acquisition driven exploration company, dedicated to increasing shareholder value. The Management of Universal Potash’s principal focus is the acquisition of premium leaseholds and the future development of these properties and business interests on a global basis. Management efforts are channeled into building Universal Potash Corp into an international enterprise and meeting the growing challenge of feeding the world.
"Safe Harbor" Statement: Under The Private Securities Litigation Reform Act of 1995: The statements in all press releases that relate to the company's expectations, with regard to the future impact on the company's results from new projects in development, are forward-looking statements. A complete disclosure of our “SAFE HARBOR “statement is posted on our website at www.UniversalPotash.com under the heading “NEWS.”

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