10:03 AM EST - Rio Verde Minerals Development Corp. : announced the second set of assay results from its first drill hole at the Sergipe Potash Project, located in the Sergipe Basin in northeastern Brazil. The assays refer to the carnallitite-bearing zones intercepted at the SED-001-11 drill hole at the Sergi Target, which was completed in November 2011. Assay results showed that two carnallitite-bearing zones of relevance have been intercepted with a weighted average grade of 16.70% KCl over 12.81m. Starting at 1298.60m depth, the upper zone returned a 7.25m composite interception averaging 13.32% KCl. The lower zone, which starts at 1313.90m depth, intercepted 5.56m at 21.11% KCl. These two zones appear to be suitable for solution mining. Rio Verde Minerals Development Corp.
shares T.RVD are trading unchanged at $0.46.
