New York, NY (PRWEB) June 9, 2008
Mining MarketWatch Journal has published a review on Ringbolt Ventures Ltd. (TSX VENTURE:RBV). The review offers insight and opportunity afforded investors as Ringbolt Ventures' 86,000 acre Utah potash project has mineralized structure that continues directly onto the property of the largest potash producer in the United States, Intrepid Potash Inc., and RBV.V could conceivably host a deposit of similar size.
The full review may be found at: http://miningmarketwatch.net/rbv.htm online.
1) "...historic results and observations serve as possible indicators, the related data predates 43-101 legislation and thus are not to be relied upon for investment purposes, they merely form a basis for better understanding the prospective nature of the claim. However the available data will give Ringbolt Ventures a leg-up in as it rolls up its sleeves to bring the data compliant and hopefully put numbers in the ground on its balance sheet... in short; two major potash beds have been identified, the same beds from which potash is being produced in a mine 40 miles away. The data (non NI43-101 compliant) has allowed the company to make determinations of the permissive geometry of the two potash beds, including thickness, grade and aerial extent of the beds. The lower of the two beds, identified as bed #9, has an aerial extent of 650 million square feet, as measured within one mile of a mineralized well. The bed averages 8.6 feet in thickness and grades 22% K20. The upper of the two beds, identified as bed #5, has an aerial extent of 550 million square feet, as measured within one mile of a mineralized well. The bed averages 6.5 feet in thickness and grades 16.5% K20. If the search radius is extended to five miles from a mineralized hole, as is done in the Saskatchewan basin, the aerial extent of bed #9 increases to 3 billion square feet with similar thickness and grade. If the search radius is extended to five miles, the aerial extent of bed #5 increases to 2.5 billion square feet with similar thickness and grade..."
2) "We are able to confirm the reports that RBV.V was recently the subject of a rare Casey Research Investment Alert; we are unable to provide the subject matter as that is protected by copyright and they are a subscription based newsletter. Mining MarketWatch Journal believes the share price of RBV.V appears in line for an upside adjustment as the story of this new venture becomes better understood. Ringbolt's neighbour, Intrepid Potash Inc., recently completed an IPO and now has a $1B+ market capitalization - Ringbolt is well capitalized, is new to the markets as a potash entity, and considering the impressive nature of its core holdings RBV.V appears undervalued with less than 19M shares outstanding and trading under CDN$2."