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Allana Potash Corp. (CVE:AAA) reports that it has received an updated National Instrument 43-101 compliant Mineral Resource Estimate on its Danakhil potash project, Ethiopia.
Allana Potash Corp. (TSXV:AAA) reports that it has received an updated National Instrument 43-101 compliant Mineral Resource Estimate on its Danakhil potash project, Ethiopia.
The press release is quoted as saying:
The updated mineral resource estimate includes all four potash bearing beds (sylvinite, upper and lower carnallite and kainitite) in the project and is comprised of Measured and Indicated Mineral Resources totaling 673 Million tonnes with an average grade 18.65% KCl (composite of all four potash beds) and Inferred Mineral Resources totaling 596 Million tonnes with an average grade of 19.96% KCl (composite of all four potash beds).
Allana Potash’s President and CEO, Farhad Abasov says:
“We are very pleased with the dramatic increase in the potash resources at the Company’s Dallol Project in Ethiopia which greatly exceeds management’s initial expectations. The resource has grown from just over 100 Million tonnes of inferred mineral resources to 673 million tonnes of measured and indicated mineral resources and over 596 million tonnes of inferred mineral resources with good potential to expand on this resource. As stated by ERCOSPLAN, this resource estimate is based on only 40% of Allana’s licensed land area in the evaporite basin and we will continue to drill throughout the year to expand the potash resource. In particular, Allana is very encouraged by the significant Measured and Indicated resources which total approximately 673 Million tonnes of mineralized material containing about 126 Million tonnes of KCl. This substantial resource will enable Allana not only to proceed with a Feasibility Study this summer, but also realistically consider a larger production facility after the initial production line. With substantial kainitite resource, Allana will have potential for significant premium product (SOP) production too. The relative shallow depth of the resource in the western part of the license area will also enable us to seriously study the potential of open pit mining.”
Click here to access the entire press release.
