Allana Potash Inc.

Published : June 12th, 2012

(TSX: AAA) Continues to Intersect Strong Potash Mineralization

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Keywords :   Canada | Ethiopia | K Street | Market | Report | Water |
Allana Potash Corp. Continues to Intersect Strong Potash Mineralization
June 12, 2012
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Investor Cubed is pleased to forward a news release on behalf of Allana Potash Corp. (TSX: AAA) highlighting the following:
 
 
  • Allana Potash is pleased to announce that it continues to intersect strong potash mineralization throughout its Dallol potash project located in Ethiopia.
    • Allana's drilling work is focused on supporting the completion of the project feasibility study and related estimates of reserves within the feasibility study. The Company anticipates that work on the feasibility study will be completed by Q4 2012.
    • Analytical results up to and including Hole 45 were utilized in Allana's most recent mineral resource estimate (see press release dated April 30, 2012).
  • Furthermore, the Company provided an Activity update with several highlights including;
    • Exploration drilling continues in the northwestern part of the property  as part of the ongoing program to expand the mineral resources. Samples are undergoing analysis or are en route to the laboratory in Saskatoon, Canada.
    • Technical studies in support of the Feasibility Study are in progress including solution mining cavern preparation, solar evaporation pond construction, environmental baseline studies, and hydrogeological studies.
    • Brine is now in the evaporation ponds and salt formation is underway. Salt precipitation is in progress and it is estimated sufficient sample for processing evaluation will be available in one month.
  • In addition, the Company is pleased to report that water well drilling has commenced and pre-drilling of six large diameter holes targeting aquifers in the alluvial fans has been completed. ?

 

 

"Allana continues to be pleased with the continuity and strength of potash mineralization in the eastern and western portions of the property, as exhibited by the results of the latest drill holes. The successful in-fill and expansion drilling programs continue to outline potash mineralization and management believes this may allow Allana to continue to upgrade mineral resources from Inferred to Measured and Indicated categories in adding to all mineral resource categories. The results from Hole 48 are particularly encouraging outlining potash mineralization further north than any of the Company's previous drilling. Additional drilling is underway in this region to further delineate potash mineralization on the northernmost part of the property and to fill in gaps from previous programs." 

-  Farhad Abasov, President and CEO, Allana Potash Corp.

 

 

 

To read the full news release, please click here. 

 

To view a interview with Farhad Abasov, on SmallCapPower.com, pertaining to this news release, please click here. 

 

 

If you have any questions or would like to meet with Allana's management team, please contact Investor Cubed at 647 258 3311 or info@investor3.ca 

 

 

 

About Allana Potash Corp.
 
Allana Potash is a Canadian publicly traded corporation with a focus on the international acquisition and development of potash assets. The Company is currently developing a previously explored potash property in Ethiopia, the Dallol Potash Project. Allana has secured financial support from two significant strategic investors: IFC, a member of the World Bank Group, and Liberty Metals and Mining Holdings, LLC, a subsidiary of Liberty Mutual Group. 
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About Investor Cubed Inc. 

 

Investor Cubed is a leading Canadian Investor Relations firm. We are an integral partner in assisting a select group of emerging and mid-cap companies - our clients - to gain considerable market exposure by introducing them to our national network of financial industry professionals including investment advisors, bank owned investment dealers, and leading independent financial firms. We add value by providing a holistic array of services including specialized investor relations and business consulting, professional advice to help raise capital, and additional benefits through our network of strategic partnerships.

 

For more information, please visit our corporate website at www.investor3.ca.

Neil Simon

CEO

Investor Cubed Inc.

647.258.3311

nsimon@investor3.ca             

Alan Huycke

President

Investor Cubed Inc.

647.258.3311

ahuycke@investor.ca            

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Allana Potash Inc.

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Allana is a exploration company based in Canada.

Allana holds various exploration projects in Argentina and in Ethiopia.

Its main exploration properties are ARGENTINA POTASH PROJECT in Argentina and DALLOL POTASH PROJECT in Ethiopia.

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