Welcome!

News Feed Item

Americas Petrogas' GrowMax Subsidiary Confirms Discovery of Near-Surface Sechura Phosphate Rock

CALGARY, ALBERTA -- (Marketwired) -- 08/28/14 -- Americas Petrogas Inc. (TSX VENTURE:BOE) and its subsidiary, GrowMax Agri Corp., (collectively, "Americas Petrogas" or the "Company") are pleased to announce that its Peruvian subsidiary, America Potash Peru S.A., has received favourable initial trench and near-surface results from its Bayovar Property phosphates area.

Americas Petrogas' Bayovar Property, which measures in excess of 820 square kilometres (82,000 hectares or 202,600 acres), is located in the Bayovar district within the Sechura Desert, Peru. The district is currently host to: (1) the producing phosphate mine operated by Vale S.A., Mosaic Company, and Mitsui & Co., Ltd.; (2) the Fosfatos del Pacifico phosphate deposit, which is operated as a joint venture of Cementos Pacasmayo (a Hochschild group company), Mitsubishi Corporation, and Zuari Industries Limited; and (3) Focus Ventures Ltd., which is currently advancing its JPQ (Juan Paulo Quay S.A.C.) option on Bayovar concession 12 involving phosphates.

Americas Petrogas' Bayovar Property includes blocks 5, 6, 7 and 8. The area sampled was on the Bayovar 6 concession within a localized basinal area of reported near-surface Sechura phosphate rock showings. All samples obtained were from a series of exposed manually-dug surface trenches which measured approximately 2 meters by 2 meters in size and varied up to 1.64 meters in depth. All trenches tested a series of surface to near-surface flat lying phosphate beds within a sequence of diatomite, sandstone and fossil debris. All samples were continuous from surface to the bottom of the trench. Attention was given to stratigraphic differences. Where a sample could not be obtained due to collapsed trench walls, a random grab-sample of material from a surface pile was taken. A total of five (5) trenches were sampled over a distance of 350 meters.


----------------------------------------------------------------------------
                                                                            
Trench                                                         Percentage of
Number         Location                 Sample Depth                 P2O5(2)
----------------------------------------------------------------------------
                                                        Length              
                                    From         To       (1)               
                                (meters)   (meters)   (meters)              
----------------------------------------------------------------------------
014TP01  541299E     9354898N       0.00       1.15       1.15        11.53%
         Bed 1                                                              
----------------------------------------------------------------------------
014TP02  541273E     9354811N       0.00       0.88       0.88        16.45%
         Bed 1                                                              
----------------------------------------------------------------------------
014TP03  541246E     9354767N       0.88       1.35       0.47        14.89%
         Bed 1                                                              
----------------------------------------------------------------------------
014TP04  541225E     9354727N       0.00       0.60       0.60        13.83%
         Bed 1                                                              
----------------------------------------------------------------------------
014TP05  541255E     9354547N        N/A        N/A        N/A        21.75%
         Surface                                                            
         sample                                                             
----------------------------------------------------------------------------
(1) All sample lengths are weighted composites.                             
(2) Phosphorus, P, is a primary nutrient in plant growth. The word          
    phosphate, P2O5, refers to the ionic compound containing two atoms of   
    phosphorus with five atoms of oxygen. The phosphorus content of         
    fertilizers is measured in percent phosphate. (source: Colorado State   
    University)                                                             

The five (5) trenches sampled show a good correlation from one trench to the other of flat lying phosphate beds.

With the confirmation of surface and near-surface phosphate beds on the Bayovar 6 concession, the Company has opted to pursue a further program of surface trenches in the immediate area of the initial phosphate findings. The trenches are planned to be laid out on a systematic 400 meter center grid pattern. Trenches will be optimized in size and depth so as to maximize the potential of the flat lying phosphate beds. All results are expected to be incorporated into a surface resource calculation. Permitting for the new trenching program is currently in progress.

In addition to the planned surface trenching program, the Company has begun the permitting process for a 40 drill hole program, to be split into two (2) sub-programs, on its Bayovar Property. All holes being permitted are expected to be vertical and will be targeting the recently recognized near-surface phosphate beds as well as beds within the prolific Diana Formation, which is a sequence of bedded diatomite, sandstone and phosphate beds. The phosphate beds within the Diana Formation are currently being mined by Vale at its Bayovar Mine and are also believed to be the main source of phosphate for Fosfatos del Pacifico's deposit. This planned drilling program is in addition to the 15-hole and 19-hole reconnaissance drilling performed by GrowMax in 2011 and 2012.

Sampling of trenches was undertaken by personnel of Geominex Consultants Inc. ("Geominex"), a third party consulting firm which is independent of the Company. All samples were placed in plastic sample bags, tagged and then placed in security sealed bags. Samples were accompanied by Geominex personnel from site to Certimin Laboratories in Lima for analysis. Phosphorous is determined by gravimetric methods. Major oxides are determined by ICPOES, and silica by gravimetric analysis. Multi-elemental analysis was determined by ICPMS. Certimin Laboratories is an affiliated ISO 9001 laboratory and uses standards for phosphate and silica from the Association of Fertilizer and Phosphate Chemists.

The scientific and technical information in this release was prepared under the supervision of Geominex's John Nicholson, P. Geo., who is a member of the Association of Professional Engineers and Geoscientists of British Columbia, and a qualified person in accordance with National Instrument 43-101.

About Americas Petrogas Inc.

Americas Petrogas Inc. is a Canadian company whose shares trade on the TSX Venture Exchange under the symbol "BOE". Americas Petrogas has conventional and unconventional shale oil and gas and tight sands oil and gas interests in numerous blocks in the Neuquen Basin of Argentina. Americas Petrogas has joint venture partners, including ExxonMobil and YPF, on various blocks in the shale oil and gas corridor in the Neuquen Basin, Argentina. Americas Petrogas also owns an 80% interest in GrowMax Agri Corp., a private company involved in the exploration for near-surface potash, phosphates and other minerals, and potential development of a fertilizer project in Peru. Indian Farmers Fertiliser Co-operative Limited (IFFCO) owns a 20% interest in GrowMax Agri Corp. For more information about Americas Petrogas Inc., please visit www.americaspetrogas.com

Certain statements contained in this press release constitute "forward-looking statements" as such term is used in applicable Canadian and US securities laws. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or are not statements of historical fact and should be viewed as "forward-looking statements". These statements relate to analyses and other information that are based upon forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.

In particular, statements (express or implied) contained herein regarding digging new trenches, drilling programs, and potential for phosphates or other minerals on the Bayovar Property should be viewed as forward-looking statements. The presence of phosphates in samples is not necessarily indicative that phosphates are capable of being successfully produced in commercial quantities. There is no assurance reserves will be assigned to such phosphate-bearing formations. There is no assurance that future trenches will be dug or that future wells will be drilled on the Bayovar Property or that if dug/drilled, will be successful.

There can be no assurance that such forward-looking statements will prove to be accurate as actual results and future events could vary or differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release. The forward-looking statements contained herein are expressly qualified by this cautionary statement.

Forward-looking statements are made based on management's beliefs, estimates and opinions on the date the statements are made and the Company undertakes no obligation to update forward-looking statements and if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable law.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE RELEASE.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
From 2013, NTT Communications has been providing cPaaS service, SkyWay. Its customer’s expectations for leveraging WebRTC technology are not only typical real-time communication use cases such as Web conference, remote education, but also IoT use cases such as remote camera monitoring, smart-glass, and robotic. Because of this, NTT Communications has numerous IoT business use-cases that its customers are developing on top of PaaS. WebRTC will lead IoT businesses to be more innovative and address...
Blockchain is a shared, secure record of exchange that establishes trust, accountability and transparency across business networks. Supported by the Linux Foundation's open source, open-standards based Hyperledger Project, Blockchain has the potential to improve regulatory compliance, reduce cost as well as advance trade. Are you curious about how Blockchain is built for business? In her session at 21st Cloud Expo, René Bostic, Technical VP of the IBM Cloud Unit in North America, will discuss th...
While some vendors scramble to create and sell you a fancy solution for monitoring your spanking new Amazon Lambdas, hear how you can do it on the cheap using just built-in Java APIs yourself. By exploiting a little-known fact that Lambdas aren’t exactly single-threaded, you can effectively identify hot spots in your serverless code. In his session at @DevOpsSummit at 21st Cloud Expo, Dave Martin, Product owner at CA Technologies, will give a live demonstration and code walkthrough, showing how ...
SYS-CON Events announced today that CA Technologies has been named “Platinum Sponsor” of SYS-CON's 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. CA Technologies helps customers succeed in a future where every business – from apparel to energy – is being rewritten by software. From planning to development to management to security, CA creates software that fuels transformation for companies in the applic...
Cloud adoption is often driven by a desire to increase efficiency, boost agility and save money. All too often, however, the reality involves unpredictable cost spikes and lack of oversight due to resource limitations. In his session at 20th Cloud Expo, Joe Kinsella, CTO and Founder of CloudHealth Technologies, tackled the question: “How do you build a fully optimized cloud?” He will examine: Why TCO is critical to achieving cloud success – and why attendees should be thinking holistically ab...
Internet of @ThingsExpo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 21st Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devic...
As more and more companies are making the shift from on-premises to public cloud, the standard approach to DevOps is evolving. From encryption, compliance and regulations like GDPR, security in the cloud has become a hot topic. Many DevOps-focused companies have hired dedicated staff to fulfill these requirements, often creating further siloes, complexity and cost. This session aims to highlight existing DevOps cultural approaches, tooling and how security can be wrapped in every facet of the bu...
WebRTC is great technology to build your own communication tools. It will be even more exciting experience it with advanced devices, such as a 360 Camera, 360 microphone, and a depth sensor camera. In his session at @ThingsExpo, Masashi Ganeko, a manager at INFOCOM Corporation, will introduce two experimental projects from his team and what they learned from them. "Shotoku Tamago" uses the robot audition software HARK to track speakers in 360 video of a remote party. "Virtual Teleport" uses a...
yperConvergence came to market with the objective of being simple, flexible and to help drive down operating expenses. It reduced the footprint by bundling the compute/storage/network into one box. This brought a new set of challenges as the HyperConverged vendors are very focused on their own proprietary building blocks. If you want to scale in a certain way, let’s say you identified a need for more storage and want to add a device that is not sold by the HyperConverged vendor, forget about it....
SYS-CON Events announced today that Calligo has been named “Bronze Sponsor” of SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Calligo is an innovative cloud service provider offering mid-sized companies the highest levels of data privacy. Calligo offers unparalleled application performance guarantees, commercial flexibility and a personalized support service from its globally located cloud platform...
SYS-CON Events announced today that Elastifile will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Elastifile Cloud File System (ECFS) is software-defined data infrastructure designed for seamless and efficient management of dynamic workloads across heterogeneous environments. Elastifile provides the architecture needed to optimize your hybrid cloud environment, by facilitating efficient...
As DevOps methodologies expand their reach across the enterprise, organizations face the daunting challenge of adapting related cloud strategies to ensure optimal alignment, from managing complexity to ensuring proper governance. How can culture, automation, legacy apps and even budget be reexamined to enable this ongoing shift within the modern software factory?
SYS-CON Events announced today that Cloudistics, an on-premises cloud computing company, has been named “Bronze Sponsor” of SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Launched in 2016, Cloudistics helps anyone bring the power of the cloud to the data center in an easy-to-use, on- premises cloud platform that automatically provides high performance resources for all types of applications: Docke...
With Cloud Foundry you can easily deploy and use apps utilizing websocket technology, but not everybody realizes that scaling them out is not that trivial. In his session at 21st Cloud Expo, Roman Swoszowski, CTO and VP, Cloud Foundry Services, at Grape Up, will show you an example of how to deal with this issue. He will demonstrate a cloud-native Spring Boot app running in Cloud Foundry and communicating with clients over websocket protocol that can be easily scaled horizontally and coordinate...
SYS-CON Events announced today that Golden Gate University will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Since 1901, non-profit Golden Gate University (GGU) has been helping adults achieve their professional goals by providing high quality, practice-based undergraduate and graduate educational programs in law, taxation, business and related professions. Many of its courses are taug...