FOX ISLAND, Wash., March 31, 2011 /PRNewswire/ -- Universal Potash Corporation (the "Company") (PINKSHEETS: UPCO) announces staking has commenced on our interests in the Paradox Basin of Utah. Harrison Land Services has been contracted by UPCO to commence the recon phase for two drill hole locations situated within the newly acquired leases. The recon phase will include staking, flagging, photographing and mapping of the two proposed drill site locations. Photos will be available on our website at www.UniversalPotash.com. This Phase 1 process will set the foundation for Universal Potash's baseline data accumulation, which is required for carrying out the necessary environmental surveys to implement the regulatory process. Universal Potash Corp. anticipates the turnaround time for the permit approval from Utah State Trust Lands to be four to six weeks.
The Universal Potash Corp. exploration planning process is nearing completion. Detailed logistics are currently being incorporated into our exploration model. Contractors, excavation and reclamation experts, drilling and mud engineering companies are preparing final budgets and cost associations with our exploration project. Universal Potash Corp's newest venture is located less than 1,000 yards west of the BLM's designated KPLA (Known Potash Leasing Area) reserve. The UPCO property interests encompass nearly 2,000 acres of the School and Institutional Trust Lands Administration (SITLA) subsurface potassium rights near the Lisbon Valley KPLA.
About Universal Potash Corp.:
Universal Potash Corp. is an acquisition driven exploration company, dedicated to increasing shareholder value. The Management of Universal Potash's principal focus is the acquisition of premium leaseholds and the future development of these properties and business interests on a global basis. Management efforts are channeled into building Universal Potash Corp. into an international enterprise and meeting the growing challenge of feeding the world.
"Safe Harbor" Statement: Under The Private Securities Litigation Reform Act of 1995: The statements in all press releases that relate to the company's expectations, with regard to the future impact on the company's results from new projects in development, are forward-looking statements. A complete disclosure of our "SAFE HARBOR" statement is posted on our website at www.UniversalPotash.com under the heading "NEWS."
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SOURCE Universal Potash Corporation