Marifil Mines reported today that exploration in their new Neuqen Basin property in Argentina has resulted in the discovery of two horizons of potash, one 11 m and the other 9 m thick. The grade of the upper horizon grades 5-15% K2O and the lower at 15-20% K2O. The lower horizon is believed to be of higher grade than that currently being mined nearby at Rio Colorado, owned by Rio Tinto.
For those who have been living under a rock for the past six months, potash has become the new darling of the commodities market. Not to be confused with pot ash, the residue often found after a Deep Purple concert, potash is a variable mix of evaporite minerals: sylvite (KCl), halite (NaCl), and various oxides, carbonates, nitrates, sulfates, and phosphates of alkali metals.
The remainder of this article can be found at its original source here