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
@DevOpsSummit at Cloud Expo taking place Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center, Santa Clara, CA, is co-located with the 21st International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is ...
After more than five years of DevOps, definitions are evolving, boundaries are expanding, ‘unicorns’ are no longer rare, enterprises are on board, and pundits are moving on. Can we now look at an evolution of DevOps? Should we? Is the foundation of DevOps ‘done’, or is there still too much left to do? What is mature, and what is still missing? What does the next 5 years of DevOps look like? In this Power Panel at DevOps Summit, moderated by DevOps Summit Conference Chair Andi Mann, panelists loo...
Cloud applications are seeing a deluge of requests to support the exploding advanced analytics market. “Open analytics” is the emerging strategy to deliver that data through an open data access layer, in the cloud, to be directly consumed by external analytics tools and popular programming languages. An increasing number of data engineers and data scientists use a variety of platforms and advanced analytics languages such as SAS, R, Python and Java, as well as frameworks such as Hadoop and Spark...
"MobiDev is a Ukraine-based software development company. We do mobile development, and we're specialists in that. But we do full stack software development for entrepreneurs, for emerging companies, and for enterprise ventures," explained Alan Winters, U.S. Head of Business Development at MobiDev, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
A look across the tech landscape at the disruptive technologies that are increasing in prominence and speculate as to which will be most impactful for communications – namely, AI and Cloud Computing. In his session at 20th Cloud Expo, Curtis Peterson, VP of Operations at RingCentral, highlighted the current challenges of these transformative technologies and shared strategies for preparing your organization for these changes. This “view from the top” outlined the latest trends and developments i...
You know you need the cloud, but you’re hesitant to simply dump everything at Amazon since you know that not all workloads are suitable for cloud. You know that you want the kind of ease of use and scalability that you get with public cloud, but your applications are architected in a way that makes the public cloud a non-starter. You’re looking at private cloud solutions based on hyperconverged infrastructure, but you’re concerned with the limits inherent in those technologies.
For organizations that have amassed large sums of software complexity, taking a microservices approach is the first step toward DevOps and continuous improvement / development. Integrating system-level analysis with microservices makes it easier to change and add functionality to applications at any time without the increase of risk. Before you start big transformation projects or a cloud migration, make sure these changes won’t take down your entire organization.
Automation is enabling enterprises to design, deploy, and manage more complex, hybrid cloud environments. Yet the people who manage these environments must be trained in and understanding these environments better than ever before. A new era of analytics and cognitive computing is adding intelligence, but also more complexity, to these cloud environments. How smart is your cloud? How smart should it be? In this power panel at 20th Cloud Expo, moderated by Conference Chair Roger Strukhoff, paneli...
The current age of digital transformation means that IT organizations must adapt their toolset to cover all digital experiences, beyond just the end users’. Today’s businesses can no longer focus solely on the digital interactions they manage with employees or customers; they must now contend with non-traditional factors. Whether it's the power of brand to make or break a company, the need to monitor across all locations 24/7, or the ability to proactively resolve issues, companies must adapt to...
SYS-CON Events announced today that TMC has been named “Media Sponsor” of SYS-CON's 21st International Cloud Expo and Big Data at Cloud Expo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Global buyers rely on TMC’s content-driven marketplaces to make purchase decisions and navigate markets. Learn how we can help you reach your marketing goals.
Managing mission-critical SAP systems and landscapes has never been easy. Add public cloud with its myriad of powerful cloud native services and this may not change any time soon. Public cloud offers exciting new possibilities for enterprise workloads. But to make use of these possibilities and capabilities, IT teams need to re-think everything they have done before. Otherwise, they will just end up using public cloud as a hosting platform for their workloads, aka known as “lift and shift.”
Cloud promises the agility required by today’s digital businesses. As organizations adopt cloud based infrastructures and services, their IT resources become increasingly dynamic and hybrid in nature. Managing these require modern IT operations and tools. In his session at 20th Cloud Expo, Raj Sundaram, Senior Principal Product Manager at CA Technologies, will discuss how to modernize your IT operations in order to proactively manage your hybrid cloud and IT environments. He will be sharing bes...
SYS-CON Events announced today that TechTarget has been named “Media 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. TechTarget storage websites are the best online information resource for news, tips and expert advice for the storage, backup and disaster recovery markets.
SYS-CON Events announced today that Telecom Reseller has been named “Media 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. Telecom Reseller reports on Unified Communications, UCaaS, BPaaS for enterprise and SMBs. They report extensively on both customer premises based solutions such as IP-PBX as well as cloud based and hosted platforms.
SYS-CON Events announced today that Ayehu will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on October 31 - November 2, 2017 at the Santa Clara Convention Center in Santa Clara California. Ayehu provides IT Process Automation & Orchestration solutions for IT and Security professionals to identify and resolve critical incidents and enable rapid containment, eradication, and recovery from cyber security breaches. Ayehu provides customers greater control over IT infras...