Prospect Global Resources Inc. (PGRX) Starts New Drilling Program at Holbrook Basin Potash Mine in Arizona
Prospect Global Resources, the Denver-based mineral developer currently focused on their roughly 90k acres of exclusively state and private leases in eastern Arizona's Holbrook Basin, reported to markets today that they have kicked off their previously-announced drilling program. The abundant near-surface potash being mined by PGRX in the Holbrook Basin is ideal for fertilizer applications, and with year-round warm weather, as well as ready access to hungry agribusiness markets in Arizona, California, and Mexico (using some of the best ports, roads, and other logistical infrastructure anywhere in the world), the operation has plenty of future upside. This is easy, cost-effective…