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Allana Potash Successfully Completes Drill Hole 4

Investing News Network
Aug. 23, 2010 06:29AM PST
Potash Investing

Allana Potash (CVE:AAA) reports that it has completed drill hole DK-10-04 in the centre of the evaporite basin. This hole was targeting potash mineralization intersected by Parsons holes 5 and 7 at a depth of 680 metres vertical. President and CEO of Allana Potash, Farhad Abasov says: “Allana is very pleased to have completed hole DK-10-04 […]

Allana Potash (TSXV:AAA) reports that it has completed drill hole DK-10-04 in the centre of the evaporite basin.

This hole was targeting potash mineralization intersected by Parsons holes 5 and 7 at a depth of 680 metres vertical.

President and CEO of Allana Potash, Farhad Abasov says:

“Allana is very pleased to have completed hole DK-10-04 in the centre of the potash basin and we are encouraged at the potential in this part of the property. The core samples are being prepared for shipment for chemical assay analysis. The arrival of the second drill rig will expedite our Phase II program of 10,000 metres of drilling and accelerate the exploration program going forward. In addition to the arrival of the second drill rig, Allana is proceeding with its 2D seismic survey of the southern part of the property. Tesla-IMC is mobilizing equipment in Dire Dawa and preparing for transport to the project site. Camp expansion to accommodate the seismic crew is also underway and is expected to increase camp capacity to about 60 people.”

For complete news release, click here.

For Allana Potash’s company profile, click here.

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