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red moon potash inc (RMK) Snapshot

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10/10/13 - C$0.09
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red moon potash inc (RMK) Details

Red Moon Potash Inc., a junior mineral exploration company, is engaged in the acquisition, evaluation, and exploration of mineral properties in Canada. The company primarily explores for potash and salt in Newfoundland and Labrador. It owns 100% interest in mineral licenses that cover an area of approximately 89,884 acres in the northern Bay St. George Basin of Western Newfoundland. The company was founded in 2011 and is headquartered in St. John’s, Canada. Red Moon Potash Inc. operates independently of Vulcan Minerals Inc. as of August 15, 2012.

Founded in 2011

red moon potash inc (RMK) Top Compensated Officers

Chief Executive Officer, President and Direct...
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Chief Financial Officer and Corporate Secreta...
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Compensation as of Fiscal Year 2013.

red moon potash inc (RMK) Key Developments

Red Moon Potash Inc. Completes the First of Two Holes at its Captain Cook Salt/Potash Exploration Program in Western Newfoundland

Red Moon Potash Inc. announced that it has successfully completed the first of two holes at its Captain Cook salt/potash exploration program in Western Newfoundland. CC #4 was drilled to a total depth of 536 meters and encountered a gross interval of 345 meters of salt (halite) containing a potash zone of approximately 10 meters in thickness. The potash zone consists of an intercalated mixture of mudstone, salt and potash similar to the zone encountered in CC #2. The CC #4 drill results confirm the interpretation that the location is situated on a salt swell, an area of thickened salt caused by salt movement. The quality of the salt is visually similar to that observed in the CC #1 and CC #2 holes, located 1,000 and 500 meters to the southwest respectively, where significant widths of high grade salt were encountered. Representative samples of the core will be assayed upon completion of the drill program. The drill rig has moved to CC #5 which is located 1,000 meters east of and down dip of CC #1 and will represent the first delineation hole to step out in this direction. The purpose of the hole is to further delineate the salt deposit and to penetrate the potash at a greater depth. The Captain Cook salt/potash project is located in the Bay St. George Basin of Western Newfoundland near deep water ports and an airport. The Trans-Canada highway and high voltage electrical power lines cross the property. The project is delineating an evaporite package of rocks analogous to the geology containing the potash/salt mines in the Sussex basin of New Brunswick.

Red Moon Potash Inc. Commences Drilling in Western Newfoundland

Red Moon Potash Inc. announced that drilling has commenced on its Captain Cook salt/potash deposit in Western Newfoundland. The summer drill program will consist of two holes, CC #4 located approximately 500 metres north of CC #2 which was drilled in 2013. CC #2 encountered 150 meters (303-453 m) of salt including an upper zone of stringer potash beds at 318 m - 329 m. CC #4 is a northeast step out testing a seismic anomaly interpreted to be a thickened evaporite section (salt - potash bearing interval). CC #5 is located approximately 1,000 meters east of the discovery hole Captain Cook (CC) #1. This is the first hole to step out in an easterly direction where the evaporite section thickens down dip. These two step out holes are intended to add substantial tonnage to the salt deposit and further calibrate potash distribution in the basin. The holes are being drilled by a continuous coring rig operated by Logan Drilling Limited, an established and experienced driller in this geologic environment. Holes are not expected to exceed 600 meters in depth. The Captain Cook salt/potash project is located in the Bay St. George Basin of Western Newfoundland near deep water ports and an airport. The Trans Canada highway and high voltage electrical power lines cross the property. The project is delineating an evaporite package of rocks analogous to the potash/salt mines in the Sussex basin of New Brunswick. Red Moon owns a 100% working interest subject to a 3% royalty to its parent company, Vulcan Minerals Inc. Vulcan is providing project management services to Red Moon, capitalizing on Vulcan's drilling experience in the region.

Red Moon Potash Inc., Annual General Meeting, Jul 31, 2014

Red Moon Potash Inc., Annual General Meeting, Jul 31, 2014., at 10:00 Newfoundland Standard Time. Location: Johnson GEO CENTRE (Celestial Gallery). Agenda: To receive the audited financial statements of the Corporation for the financial year ended December 31, 2013, together with the report of the Auditors thereon; to fix the number of Directors to be elected at the meeting at five and to elect Directors for the ensuing year; to appoint Auditors and authorize the Directors to fix the remuneration of such Auditors; to ratify and approve the corporation's stock option plan; and to transact such other business as may properly come before the meeting or any adjournment or adjournments thereof.

 

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