Atacama acquires Potash project in Brazil

Atacama Minerals Corp., a Canada based mineral company, has acquired a large land package in a major new potash region in the state of Bahia covering 1,444 square kilometres (357,000 acres) of lands located 30 kilometres west of the port city of Salvador in northeastern Brazil.

The Salvador Potash Project is located along the Atlantic coast within the highly prospective southern on-shore portion of the Reconcavo Basin.

The potash was found in the “Intermediate Interval” of the evaporitic Matarandiba Member at a depth of 1,100 meters.

The thickness of the Intermediate Interval varies between 32 and 37 meters. Underlying the Intermediate Layer is the halite salt bed which varies between 29 and 60 meters in thickness.

The area of the original discovery of the halite salt bed on the Island of Matarandiba has been mined by Dow Chemical for the last thirty years using solution mining methods.