Allana Potash Intersects Shallow Potash in a Previously Unexplored Area

Potash Investing

Allana Potash Corp. (CVE:AAA) reports that drill hole DK-11-16 intersected significant potash mineralization.

Allana Potash Corp. (TSXV:AAA) reports that drill hole DK-11-16 intersected significant potash mineralization.

The press release is quoted as saying:

Drill results from Hole 16 are similar to those of Holes 6, 8, and 11 which delineate an area of potash mineralization approximately five kilometres long by four kilometres wide. Samples from Holes 12, 14, 17, 18, and 19, en route or currently in the lab, will further define this zone, which management believes could add significantly to the potash resource on the property. In addition, similar to Hole 8, Hole 16 intersected potash at relatively shallow depths (125.20 metres) and management plans to evaluate the possibility of open pit mining in its upcoming feasibility study.

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

“We are very pleased with the identification of new potash mineralization in the southwestern part of the property. This region was previously unexplored with no previous drilling. Management intends to incorporate data from Hole 16 in the Company’s new National Instrument 43-101 technical report, expected to be issued on or about the end of May, 2011.”

Click here to access the entire news release.

Click here to access Allana Potash’s company profile.

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