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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 Karmanowon Dec 16, 2010 3:32am
378 Views
Post# 17854146

.....Hole #7 Very Close....

.....Hole #7 Very Close....Results due next week....drilling was 1000 meters from proven potash layers in hole #2 and hole #3.....they say good potential, I say high probability....next week will tell....every hole so far ( except hole #5) have expanded our measured and indicated resources....holes #2, #3 #7 and pending #9 create a very nice geological "box" for the pending resource estimate. In November 2010 Allana  applied for an application for the short form 101N1 report.
On track to finish the year with results from hole #8 in the south and with stellar results in a new area we will go into the new year and Tax Free Account Contribution time with momentum....I know which stock my contribution is going to buy....
Karma

Management Discussion & Analysis

On November 9, 2010, subsequent to the end of the year, Allana announced the acquisition of the right to acquire a 100 % interest in the Haro Petroleum concession, a potash exploration license within the greater Allana land package. The Haro concession is approximately 11 km2 and is located between the Sainik mining and exploration concessions. The Haro concession has no historic drill holes but occupies a strategic location between the historic Musley Deposit and the Crescent Carnallite deposit. In addition, the concession is approximately 1 km from Allana drill holes DK-10-02 and DK-10-03 which returned 5.5 metres of 25.8 % KCl and 9.95 metres of 19.5 % KCl respectively (see Press Releases June 15, 2010 and July 7, 2010). There is good potential that this mineralization, interpreted to be the extension of the Musley Deposit, extends on to the Haro concession. Allana will mobilize one of its drills to this area to test this

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