RE: RE: RE: RE: RE: Can't understand who would SEL Hey Blind Bat,
I agree with you that besides Colluli also the Bada license is of interest. On the NGEx Resource website I only read that they are drilling in the Bada region and that they didn't hit shallow potash ( 100 m) untill now.
BADA
The Bada license is situated within the Eritrean portion of the Danakil Depression, an evaporite basin extending southward into Ethiopia, where exploration in the 1960's resulted in the discovery of the large Crescent and Musley potash and sylvite deposits. The Company plans to drill an initial 6-8 shallow holes that will test the potash potential of its license.
This initial drill program will investigate the margins of the basin for shallow (less than 100m) potash mineralization on both sides of the basin.
https://www.thepressreleasewire.com/client/ngex_resources/n/release.jsp?actionFor=1485914
Potash Project Eritrea
A reconnaissance drill program is currently underway on the Company's Bada potash license located approximately 35 kilometres from the Red Sea coast of Eritrea. NGEx's license covers the northern portion of the Dallol evaporite basin which in Ethiopia hosts the historic potash deposits of Musley held by Sainik Coal Company, India and Dallol, held by Allana Resources, Canada. The Eritrean portion of the basin hosts the Colluli potash deposit which is currently being explored by South Boulder Mines of Australia. NGEx's license lies approximately 20 kilometres northwest of South Boulder's license and covers the northwest extension of the same basin. The four drill holes completed to date bottomed in overburden. Drilling is ongoing and the results of the current program will determine whether further work is warranted.
https://www.thepressreleasewire.com/client/ngex_resources/n/release.jsp?actionFor=1528542
BTW . I am invested in both Allana and FED (shares and warrants)