Allana Potash Corp. (TSE:AAA) announced that it has intersected three zones of strong potash mineralization in Hole DK-11-27 (“Hole 27”).
The press release is quoted as saying:
Hole 27 is located in the northern portion of the concession block and was targeted to test potash mineralization west of Hole 13. Hole 27 intersected a strong Sylvinite Zone at a depth of 159.9 metres which yielded 37.70% KCl over 3.45 metres. This hole also displayed a prominent Upper Carnallitite Zone which returned 13.00 metres grading 17.41% KCl. A robust Kainitite Zone was also intersected deeper in the hole at a depth of 259 metres and returned 23.05 % KCl over 7.67 metres.
Allana Potash’s President and CEO, Farhad Abasov said:
“Allana is extremely encouraged by the three zones of strong potash mineralization intersected in Hole 27 and that we were able to confirm the extension of the potash west of Hole 13. This area continues to yield high grade potash in the Sylvinite Zone and we believe drilling in this area will allow Allana to upgrade resources from Inferred to Measured and Indicated categories as well as add to the Inferred category. We are also very excited about the progress made by the company in the development of the financing aspect of the project. We expect to provide further information on our plans and advisors for the project in the next few weeks, which will allow Allana to stay on track with our development plans.”