TSXV:AAA.P - Post by User
Post by
str8tgoodson Aug 24, 2010 10:34am
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Post# 17377718
Watch for AAA Interest to Jump
Watch for AAA Interest to JumpNext week should start to get interesing IMO as investors anticipate lab assay results from Hole #4 sometime after the Labour Day long weekend.
I believe that the recent gradual uptrend will see a pop and then ....... it all depends on results and we know how good results have been to date. Will Hole #4 continue to trend of positive news?:
Hole #1;
"Allana Potash Corp. (TSX VENTURE:AAA) ("Allana" or the "Company") is pleased to announce that the additional evaluation and sampling of drill hole DK-10-01 has identified shallow potash mineralization. This mineralized zone in DK-10-01 returned 6.55 metres, from 110.80 metres to 117.35 metres (drilled width), of 17.65 % KCl highlighted by two metres (drilled width) of 19.94 % KCl from 114.15 metres to 116.15 metres."
Hole #2;
"Hole DK-10-02 was drilled vertically and is collared east of Parsons holes 226 and 270. Hole DK-10-02 intersected strong potash mineralization yielding 25.8% KCl over 5.5 metres (drilled width) from 150.10 metres to 155.65 metres, including 34.8% KCl over 2 metres (drilled width) from 150.10 metres to 152.10 metres. This zone is interpreted to be the upper portion of the Houston Formation and additional X-Ray Diffraction (XRD) work is ongoing to determine the potash mineralogy."
Hole #3;
"Hole DK-10-03 was drilled vertically and is collared approximately 700 metres south of Hole DK-10-02. Hole DK-10-03 intersected strong potash mineralization yielding 19.52 % KCl over 9.95 metres (drilled width) from 151.25 metres to 161.20 metres, including 28.90 % KCl over 2 metres (drilled width) from 152.35 metres to 154.35 metres. This zone is interpreted to be the upper portion of the potash-bearing Houston Formation and X-Ray Diffraction (XRD) work is ongoing to determine the potash mineralogy. The confirmation of strong potash mineralization in this hole confirms Parsons drilling results and extends the Musley Deposit an additional 700 metres to the east where the deposit remains open to expansion."
Hole #4;
"hole DK-10-04 in the centre part of the basin, approximately 2 km south of the Crescent carnallite deposit. In this area, two Parsons drill holes intersected thick (~ 45 m) zones of potash mineralization. "