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Allana Potash Retains ERCOSPLAN to Complete Resource Update on its Ethiopian Potash Project

Investing News Network
Mar. 21, 2011 01:49PM PST
Potash Investing

Allana Potash Corp. (CVE:AAA) reports an update to its Ethiopian potash project.

Allana Potash Corp. (TSXV:AAA) reports an update to its Ethiopian potash project. 

The press release is quoted as saying:

Allana has completed a significant amount of drilling since the previous resource estimate. It is planned that the results from 14 drill holes, downhole geophysical surveys and 48 kilometers of 2D seismic will be utilized to calculate the resource estimate and work by ERCOSPLAN will commence immediately. Drilling is ongoing at the project and any additional holes that are completed will also be incorporated into the new resource estimate.

Allana’s President and CEO, Farhad Abasov says:

“Allana is very pleased to engage ERCOSPLAN to complete an updated resource estimate for our potash project. ERCOSPLAN has been participating in Allana’s exploration programme throughout 2010 and they have intimate knowledge of the potash mineralization in the district. Significant amounts of new data has been generated this year from our drilling and seismic programs which management believes will provide a solid base for the calculation of a new resource estimate.”

Click here to access the entire news release.

Click here to access Allana Potash’s company profile.

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