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Allana Potash Announces Discovery of Thick Potash Horizon

Investing News Network
Sep. 21, 2010 10:34AM PST
Potash Investing

Allana Potash Corp. (CVE:AAA) reports discovery of thick potash horizon and potential to explore even more. Hole DK-10-04 returned 17.9 % KCl over 1.3 metres, and 10.4 metres of 10.5 % KCl, within an interval of 24.8 metres of 8 % KCl. Allana Potash’s President and CEO, Farhad Abasov says: “We are very pleased to have identified […]

Allana Potash Corp. (TSXV:AAA) reports discovery of thick potash horizon and potential to explore even more.

Hole DK-10-04 returned 17.9 % KCl over 1.3 metres, and 10.4 metres of 10.5 % KCl, within an interval of 24.8 metres of 8 % KCl.

Allana Potash’s President and CEO, Farhad Abasov says:

“We are very pleased to have identified impressive, thick potash mineralization in hole DK-10-04 in an unexplored part of the evaporite basin. This hole has demonstrated that Allana’s Potash project has the potential to become a significant potash deposit. Each drill hole from our basin-centre program has the potential to substantially expand our current inferred resource. This area which is almost 100 square km has seen virtually no exploration work in the past and it is encouraging that a thick-potash bearing horizon was intersected in our first drill hole in the area. The zone remains open in all directions and two drills are now exploring the strike extensions south and up-dip extensions southwest of hole 04. We believe that the impressive thickness of the zone intersected in hole 04 indicates strong potential to add significantly to Allana’s potash resource and we are aggressively working to delineate the extent of the potash mineralization.”

For complete news release, click here.

For Allana Potash’s company profile, click here.

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