Allana Potash Announces Updated NI 43-101 at its Danakhil Project

Allana Potash Corp.(TSX:AAA) announced that it has received an updated NI 43-101 compliant resource for its Danakhil Potash Project in Ethiopia. The Company will file the report on SEDAR within the next 45 days.

As quoted in the press release:

The measured and indicated mineral resource estimate totals 1,297,529,000 tonnes with an average grade of 19.32 % KCl, representing approximately 250 million tonnes of KCl. This is more than a 90% increase over the June 2011 measured and indicated mineral resource estimate of 673 Million tonnes at an average grade 18.65% KCl, and close to a doubling of the KCl tonnes in these resource categories (see news release dated June 20, 2011)(the “June 2011 report”). In addition to the strong increase in measured and indicated mineral resources, the inferred mineral resource estimate for all four potash units is an additional 588,150,000 tonnes grading 18.56 % KCl.

Allana Potash, President and CEO, said:

We are excited to see the large increase in total resources on the project and the significant conversion of inferred mineral resources into measured and indicated mineral resources. The exploration drill campaign over the past 11 months accomplished its twin goals of converting inferred mineral resources to measured and indicated mineral resources and adding significantly to the total project resource base. An over 90% increase in the measured and indicated mineral resource estimate supports management’s belief that the Danakhil Depression has the potential to become a world class potash basin. This new expanded resource will form the basis for the Company’s Feasibility Study going forward. Exploration drilling will continue on the project to expand the resources and better define the distribution of potash in the basin.

Click here to read theAllana Potash Corp. (TSX:AAA) press release