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Gold/Mining/Energy : Allana Potash Discussions
AAA 25.180.0%Jan 17 4:00 PM EST
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From: canucklehead805/3/2012 3:05:19 PM
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Allana VP Jack Scott on Ethiopia potash resource estimate

Allana Potash Corp TSX:AAA announced an updated NI 43-101 mineral resource estimate for its Dallol Potash Project in the Danakil Depression, northeast Ethiopia. The project now has measured and indicated resources of 1.3 million tonnes at an average grade of 19.32% KCI (potassium chloride), representing approximately 250 million tonnes of contained KCI. The project has inferred resources of 588.15 million tonnes grading 18.56% KCI, representing approximately 109.2 million tonnes KCI.

Senior VP Strategic Projects Jack Scott tells ResourceClips.com, “The region has been known as a potential potash production area since the early 1900s. The Italians first started developing it then, and over the years it’s been off and on. In the 1950s and 1960s the Ralph M Parsons Company did extensive exploration and brought some production into operation to serve the North American market at the same time as the Saskatchewan Basin came into extensive production. Parsons sort of packed up at that point—in the late 1960s—and various people have looked at it off and on. Ethiopia and that region has been stable for the last 15 years or so, so in the mid-2000s a number of companies went in to start development in the region.

Read more of this interview about Allana potash.
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