Agoracom

Hinterland Metals Inc. has submitted an application for a 17,783-hectare special exploration licence for salt and potash in the Malagawatch area of Cape Breton, Nova Scotia. The special licence is underlain primarily by rocks belonging to the Windsor group. Potash salts are currently being mined from the lower Windsor Group near Sussex, N.B., by Potash Corp. Previous exploration has identified the Malagawatch and Orangedale salt deposits within the area of the special licence. Descriptions of these two deposits can be found on-line in the targeted geoscience initiative, a joint venture between N.S. Natural Resources and Natural Resources Canada.

The Malagawatch deposit is the more important of the two for potash and was discovered in an oil well drilled by Chevron Standard Ltd. and Irving Oil Company Ltd. in 1978. Ten deep wells and numerous diamond drill holes roughly define the deposit. Potash occurs at two distinct stratified layers. The A potash layer occurs up to nine metres thick within a thick salt succession that completes the first major cycle of sedimentation within the lower Windsor group. The thinner B potash layer occurs higher up within the middle Windsor group. Although only limited drilling has been completed at the Orangedale deposit, it is stratigraphically similar to Malagawatch located 20 kilometres to the southeast. Both the A and B potash layers have been intersected at Orangedale but they are not as wide or as consistent as at Malagawatch.

As you can see, they have 2 deposits to drill, they are near the Potash Corp mine and they will get those permits, you can bet on that. There is too much money involved for everyone for the government to deny those permits. At a 12M market cap, when Ray and Pon are closer to 80M, this is a no brainer. tomorrow will be very exciting. There will be some profit taking from those who just tripled their money in a day but their is too much good stuff here and the word is out, I bet we finish the week close to a 30M market cap and once those permits come in, we will be closer to 75M. Anyone know how fast we can expect those permits?

Glorieux