Atacama Minerals Corp.
TSX VENTURE : AAM

Atacama Minerals Corp.

May 14, 2009 09:54 ET

Atacama to Commence Potash Drill Program in Brazil

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 14, 2009) - Atacama Minerals Corp. ("Atacama" or "the Company") (TSX VENTURE:AAM) is pleased to announce that preparations are underway to commence exploration drilling on its potash project located on the northeastern coast of Brazil near the city of Salvador, Bahia. The Company currently holds exploration permits comprising 1,700 square kilometers covering the highly prospective southern on-shore portion of the Reconcavo Sedimentary Basin.

The potential of the area to host potash deposits has been indicated by historical drilling records revealing the occurrence of potash beds of various meters in thickness directly overlying the halite salt bed located within the evaporitic section of the lower Alianca Formation of upper Jurassic age. The presence of sylvite and sylvinite potash minerals was confirmed within a 9 meter section of drill hole MQ-3 on the Island of Matarandiba in 1972 (see Company's news release dated July 14, 2008). The potash was found in the "Intermediate Interval" of the evaporitic Matarandiba Member of the Alianca Formation at a depth of 1,100 meters.

The Company's initial drill program is designed to define the thickness and grade of the potash beds present within the southern portion of the project area, adjacent to the nearby halite solution mining operations of Dow Chemical. Drillholes will be vertical using conventional core drilling equipment with special measures taken to recover drill core from the potash and salt layers. Drilling will be conducted by Layne do Brasil Sondagens Ltda. who have personnel with world-wide experience in this particular type of drilling.

Drilling will commence upon receipt of permits from government authorities, now being finalized, and conclusion of access agreements with surface land owners, expected in the coming weeks.

The qualified person for the purposes of NI 43-101 guidelines is Juki Laurikko, EuroGeo who has reviewed and approved the contents of this news release.

On behalf of the Board,

Edward F. Posey, President

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Atacama Minerals Corp.
    Sophia Shane
    Corporate Development
    (604) 689-7842
    (604) 689-4250 (FAX)
    www.atacama.com