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Gold/Mining/Energy : Ethiopian Potash Corp

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From: Natedog	6/6/2011 10:39:18 AM
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this is good for FED Allana Potash Corp Symbol C : AAA Shares Issued 147,443,766 Close 2011-06-03 C$ 1.81 Recent Sedar Documents Allana Potash drills 37.84% KC1 over 4.10 m at Sylvinite 2011-06-06 10:14 ET - News Release This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers. Here is a sample of this item: Mr. Farhad Abasov reports ALLANA POTASH INTERSECTS STRONG POTASH MINERALIZATION IN BASIN CENTRE WITH 37.8% KC1 OVER 4.10 METRES AND PROVIDES UPDATE ON NI 43-101 REPORT Allana Potash Corp. has intersected strong potash mineralization in the central portion of the evaporite basin and at relatively shallow depths. Hole DK-11-12 intersected 15.2 metres of 26.17% KCl including 37.84% KCl over 4.10 metres. The presence of strong potash in the central part of the property suggests strong continuity of the potash horizon and the deposit remains open to the east which management believes increases the resource potential in this direction. This work is part of the upcoming update to Allana's National Instrument 43-101 ("NI 43-101") technical report. Farhad Abasov, President and CEO, commented: "We are very pleased with the strong potash mineralization intersected in Hole 12. This hole is important as it provides a strategic link between the historic Musley Deposit and the centre part of the evaporite basin intersected in Hole 4. We believe that the presence of strong potash mineralization in Hole 12 further indicates continuity of the potash horizon into the centre of our property and supports our geological model of potash mineralization throughout the southern portion of the basin. Management intends to incorporate Hole 12 data in the Company's upcoming NI 43-101 technical report. Our consultants are in the process of finalizing the NI 43-101 technical report and we expect to be able to release the resource numbers in 7-10 days." The remainder is available to Stockwatch subscribers. Click the yellow link above for a free

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