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| Holbrook Summary |  |
Holbrook Basin Potash Project
Passport Potash (PPI-X) is exploring the Holbrook Basin Potash Project for its potash potential. The road accessible, 3210 hectare Holbrook Basin Potash Property lies 13 kilometres east of the Town of Holbrook in the County of Navajo, Arizona.
Passport Potash can earn a 100% interest, subject to a 1% Net Smelter Return (NSR) royalty by making cash payments totaling US$1,250,000 and issuing 500,000 common shares over the next two years. Passport must also grant 1,000,000 options with the price set by the 10 day trading average from the date of TSX Venture Exchange approval. The options have a three year expiry date.
The project lies within the Permian Holbrook Basin of east central Arizona. The central 9,030 square kilometres of the basin is underlain by an evaporite sequence that includes a central 1,550 square kilometre portion that hosts a continuous potash horizon ranging in thickness from 0.3 to 12.2 metres. The potash is the target of the Passport Potash Inc. exploration program.
Limits of Salt and Potash in Holbrook Basin
Previous exploration on the current property holdings consisted of 9 drill holes in the potash completed by Arkla Exploration Company in the 1960’s. This drilling confirmed the presence of the potash. The potash was intersected at depths from 280.4 to 321.6 metres (920 to 1055 feet). The potash horizon ranged in thickness from 1.2 to 1.5 metres (4 to 5 feet) and graded from 11.13% K2O to 14.74% K2O. The entire Holbrook Basin averages 1.2 metres in thickness with an average grade of 15.05% K2O.
Arkla Exploration Company Assay Results from Holes Drilled Within Boundaries
of Current Passport Holbrook Basin Potash Project 
There have been two estimates for the entire potash component of the Holbrook Basin. The area of the Holbrook Basin underlain by potash is 1,550 square kilometres or 155,000 hectares. Carr (1966) estimated a geological target of 256.9 million tonnes of potash at an average grade of 19.76% K2O. Rauzi (2008) reviewed all of the available data and estimated a geologic target for the entire Holbrook Basin of 682 million tonnes at 6% K2O to 2.58 billion tonnes at 20% K2O.
The current Passport Potash Inc. holdings comprise a total of 3,210.5 hectares, suggesting these holdings could host 2.07% of the total geological target or 14.1 million tonnes at 6% K2O to 53.4 million tonnes at 20% K2O.
There are no current 43-101 mineral reserves or mineral resources on the Passport Potash Inc. Holbrook Basin Potash Project holdings. The reader is cautioned that the potential quantity and grade indicated above is conceptual in nature. It has been provided only for illustration purposes. At this time, there has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the discovery of these mineral resources.
Passport Potash Inc. plans a 5 hole combined reverse circulation / diamond drilling program to verify the presence of the potash horizon and to provide PQ size core through the horizon for chemical analysis. A gamma ray survey will also be conducted on each hole to confirm the potash content to compliment the conventional assaying. The total cost of the recommended exploration program is US$382,000.
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TSX-V | PPI.V
