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First Tidal Acquisition Corp T.AAA


Primary Symbol: V.AAA.P

First Tidal Acquisition Corp. is a Canada-based capital pool company. The Company's principal business is the identification and evaluation of a qualifying transaction and once identified or evaluated, to negotiate an acquisition or participation in a business subject to receipt of shareholder approval, if required, and acceptance by regulatory authorities. The Company has not generated revenues from operations.


TSXV:AAA.P - Post by User

Post by Irulecrapon Sep 21, 2010 1:59pm
290 Views
Post# 17474906

Todays results get added to the

Todays results get added to the105,200,000 tonnes of potash mineralization (Sylvite and Kainite) with a composite grade of 20.8% KCl  they already have.

Allana has completed a NI 43-101 compliant technical report for thethree concessions. These studies were carried out by ERCOSPLANIngenieurgesellschaft (ERCOSPLAN) and North Rim Exploration Ltd,internationally recognized experts in potash exploration. Modernexploration on the property has been limited; however as indicatedabove, extensive historic exploration by Parsons includes over 300exploration drill holes, metallurgical studies and economic analyses onthe project. Drill log data, with K analyses, were acquired from theGeological Survey of Ethiopia and have been compiled into a projectdatabase. Excellent support and advice has been provided by staff fromthe Geological Survey of Ethiopia through the entire compilation andreview process.

Highlights from the technical report outline several unique features of this acquisition including the following:

An inferred mineral resource of 105,200,000 tonnes of potashmineralization (Sylvite and Kainite) with a composite grade of 20.8%KCl. Near-surface potash mineralization (within 50 metres of surfacefor the Musley Deposit). Down-hole radiometric logs from two holes, theclosest of which is located approximately 5 km west of the nearest holeon the Musley Deposit, reportedly indicates 45 metres of Kmineralization in holes 5 and 7 at a depth 680 metres and anotherpotential zone at 930 metres. These two holes demonstrate significantpotential to expand the inferred potash resource on Allana concessions.Previous work indicates potential for a deeper horizon of potashmineralization which has only been intersected by the occasional hole.Potential for solution or open-pit mining. Unique environment providespotential to use low-cost geothermal and solar power. Saline brines ina nearby thermal spring returned a super-heated temperature of 125 °C.Days are often hot and clear to aid use of solar evaporation of brinesor to use solar power. MOP (muriate of potash) and SOP production isfeasible.
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