First step in fast-tracking our exploration progra
And the trains just getting ready to leave the station
ALL ABOARD HAVE YOUR SHARES READY PLEASE.
Press Release
NEWS RELEASETRANSMITTED BY MARKETWIRE
FOR: AllanaResources Inc.
TSX VENTURESYMBOL: AAA
December 1, 2009
Allana ResourcesAnnounces Drill Contract Awarded for Its Ethiopian Potash
Project,Appointment of New Corporate Secretary and Grant of Options
TORONTO,ONTARIO--(Marketwire - Dec. 1, 2009) - Allana Resources Inc. (TSX
VENTURE:AAA)("Allana"or the "Company"), is pleased to announce that ithas
awarded adrilling contract to Emerson Moore Drilling Ltd. ("EMD") for its
Ethiopian PotashProject. EMD has extensive drilling experience and has
completedprojects in Equatorial Guinea, Liberia, Georgia, Slovakia, Jamaica,
Spain, Kenya,Sudan, Kosovo and UK. EMD has successfully completed geotechnical
and explorationdrilling projects for a number of clients including Alcoa,
Inc.,ArcelorMittal, Golder Associates and Scott Wilson Group plc.
Allana isplanning a 6-hole 2,500 metre drill program designed to confirm
historic drillingresults, to confirm the accuracy of the previous resource and
to potentiallyincrease the resource. Drilling is expected to begin in late
January followingthe road rehabilitation currently underway and camp
construction. Itis expected that drill holes will vary in depth from 250
metres to 800metres and will test both potash horizons near the current
resource as wellas in the centre of the evaporite basin. This will be the
first phase ofAllana's exploration program. It is planned that the drill
program will befollowed by down-hole seismic studies (vertical seismic
profiling) and aprogram of surface 2D seismic over the southern part of the
basin.
Farhad Abasov,Allana's President and CEO, stated: "Allana is very excited to
complete thiscontract with EMD. This is the first step in fast-tracking our
explorationprogram. EMD has extensive experience throughout Africa and in
remote locations.We are also very pleased that the Ethiopian government is
currentlyrehabilitating one of the roads leading to our project, and camp
construction isscheduled to be completed for mid-January. Allana is looking
forward tocompleting the first potash drill holes in the Danakhil Depression
evaporite basinin over 30 years."