Allana mentioned
By
Vivien Diniz - Exclusive to
Potash Investing News
October was a busy month for some potash exploration companies. With the final months of 2013 upon us, companies are looking to end the year on a positive note, setting the stage for a better 2014. Here’s a look at what potash juniors were up to in October.
[...]
Mining licence
Potash development company Allana Potash ((TSX:AAA) has been making some strides in bringing its project closer to production. In early October, the Ethiopian Ministry of Mines granted a mining licence for Allana’s Danakhil potash project.
With all the necessary regulatory approvals in its pocket, Allana has stepped out of the development phase for Danakhil and is moving forward in the contracting and construction phase of its operations. It is, however, still working on expanding its resource for the project, as evidenced by its late October drill results release.
Allana recently released drill results from 20 core holes completed on the Nova license, which it acquired 2012. The company started a program at Nova in 2012 and completed 20 core holes totaling 5119 meters. The company is only now releasing the analytical results of the program, which extend both south and west from Allana’s core license onto the Nova license.
According to the press release, “drilling highlights include hole DM-13-29 which returned 2.50 metres of 28.3% KCl in the Sylvinite Zone, hole DM-13-30 which yielded 1.90 metres of 34.5% KCl in the Sylvinite Zone and hole DM-13-37 which returned 4.50 metres of 21.6% KCl in the Sylvinite Zone.”
https://potashinvestingnews.com/9179-taking-stock-october-potash-juniors-round-up.html