Article: Australia: Crescent Resources Signs Letter Agreement to Acquire Major Potash Exploration Project in Western Australia.

Byline: pinto03

Crescent Resources Corp. has signed a letter agreement with Australian Potash Company Pty Ltd. ("APC") and its shareholders to acquire up to a 100% direct and indirect interest in 12 licenses known as the Carnarvon Basin Project, an exploration property covering approximately 4,280 square kilometres of prospective potash horizons in an extensive evaporite basin known as the Southern Carnarvon Basin in Western Australia. Previous drilling, consisting of three widely spaced oil and gas wells over a distance of 25 kilometres, has indicated the potential for significant potash and other sodium and magnesium salts.

CARNARVON BASIN POTASH ...

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