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Allana Potash Corp. (TSX VENTURE:AAA) (“Allana” or the “Company”) is pleased to announce that drill hole DK-11-13 intersected significant potash mineralization including one metre of 47.81% KCl. Hole DK-11-13 intersected two robust potash zones which appear to correlate with the Sylvinite Zone and Kainitite Zone. The Sylvinite Zone returned 2.8 metres of sylvinite which graded 45.86 % KCl and includes a one metre interval that returned 47.81% KCl. Further down the hole, 8.7 metres of kainitite was intersected which returned 22.91% KCl.
Farhad Abasov, President and CEO, commented: “We are very pleased with the very strong drill results from Hole 13 which again, similar to holes 9 and 10, extends the potash mineralization from the Musley Deposit an additional 1200 metres to the east. Particularly encouraging is the high grade encountered in this hole, 47.81 % KCl over one metre within a robust zone of sylvinite measuring approximately 2.8 metres. These grades are impressive, surpassing the significant grades intersected in Hole 11 and representing the highest grades intersected to date. Management intends to incorporate Hole 13 data in the Company’s upcoming National Instrument 43-101 technical report.”
Hole 13 was collared approximately 1200 metres northeast from Hole 10 and was drilled vertically (see attached figure). Hole 13 intersected two prominent zones (Sylvinite and Kainitite) of potash mineralization including one metre of 47.81% KCl in the core of the Sylvinite Zone within a wider intersection of 2.8 metres which returned 45.86% KCl. A strong Kainitite Zone was also intersected in this drill hole and returned 8.7 metres of 22.91% KCl. These drill results, combined with those of holes 9 and 10, continue to support the extension of the Musley Deposit approximately 1200 metres east of the historic drilling and management believes shows significant potential to increase the potash resource. Samples are currently being selected for XRD analysis to determine mineralogy. True widths of the potash zones are estimated to be very similar to drilled widths due to the flat-lying nature of the potash horizons.
Exploration drilling is continuing in the southwestern part of the property at Holes DK-11-12 and DK-11-19 to further delineate the extent of the potash mineralization. Samples from DK-11-14, 15, 16, 17 and 18 are en route to the laboratory in Saskatoon, Canada.
About Allana Potash Corp.
Allana is a publicly traded corporation with a focus on the acquisition and development of potash assets internationally with its major focus on a previously explored potash property in Ethiopia with Inferred Mineral Resources of 73.9 million tonnes of kainitite mineralization grading 61.7 % kainite and 31.3 million tonnes of sylvinite resource grading 25.4 % sylvite (combined 105,200,000 tonnes with a composite grade of 20.8 % KCl (see News Release dated Sept. 17, 2008). Allana has approximately 178 million shares outstanding and trades on the TSX-Venture Exchange under the symbol “AAA”.
Read the full news release here. Image from Allana Potash.
