Allana Potash Initiates Feasibility Study on Its Ethiopian Potash Project

Allana Potash Corp. (TSXV:AAA) reports that it has awarded a feasibility study contract to ERCOSPLAN Ingenieurgesellschaft Geotechnik und Bergbau for its Ethiopian potash project.

The press release is quoted as saying:

ERCOSPLAN has been involved in Allana’s Ethiopian Potash project since 2008 and completed an updated National Instrument 43-101 (“NI 43-101″) compliant resource estimate for the property in June 2011. ERCOSPLAN is a widely recognized world leader in potash exploration techniques and potash mining and processing. In addition to Allana, ERCOSPLAN’s clients include some of the largest potash exploration companies and potash producers in the world.

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

“Allana is very pleased to engage ERCOSPLAN to complete a Feasibility Study for our potash project. As a world leader in potash mining, processing and related operations, ERCOSPLAN will play a key role in advancing this project. The Study will begin immediately with additional equipment being mobilized to the site and expansion of the camp underway. With relatively shallow potash deposit Allana will consider open pit mining method along with solution mining. We expect that by the end of 2011 technical and economic parameters of open pit and solution mining methods will have been examined so that the management can determine what is the optimal mining method at the initial production stage. Once the mining method is determined the rest of the feasibility study will focus on the details based on that method. This is an important milestone for Allana since this timely start of the feasibility study will allow us to stay on track with our development plans. We look forward to working with ERCOSPLAN as we move forward to production and continue advancing our strategic talks with large fertilizer organizations.”

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