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Allana Potash Corp.(TSX:AAA) announced the latest updates from its Danakhil project. The Company reported hitting water in all nine drill wells and commented on the ongoing Feasibility Study at the project. ERCOSPLAN, the Company carrying out the study expects to complete all analysis by the end of the year.
Allana Potash Corp.(TSX:AAA) announced the latest updates from its Danakhil project. The Company reported hitting water in all nine drill wells and commented on the ongoing Feasibility Study at the project. ERCOSPLAN, the Company carrying out the study expects to complete all analysis by the end of the year.
As quoted in the press release:
An updated resource estimate for Allana’s Danakhil Project was released on April 30, 2012 and included analytical results up to and including Hole DK-12-45. Drilling has continued on the project to fills gaps in the resource and 59 holes have now been completed. Drill holes 46-59 are being evaluated and/or are in the laboratory and partial results are expected over the next several weeks.
Allana Potash, CEO, Farhad Abasov, commented:
I am very excited to see that the preliminary hydrogeological work has yielded positive results, and the rest of the FS work is proceeding very well. The availability of sufficient water for our solution mining operation is very important and this preliminary water drilling results are very encouraging. Management believes Allana is on track for the completion of the FS by the end of 2012 and is also working intensively on various corporate development aspects of the project including construction financing, offtake and other initiatives.
Click here to read the Allana Potash Corp. (TSX:AAA) press release