TSXV:AAA.P - Post by User
Post by
Karmanowon Apr 02, 2011 12:44am
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Post# 18376586
Phase 2 Drilling Coming
Phase 2 Drilling ComingIt appears that Allana Management have plans for a Phase 2 Drilling Program. I suspect that the results of the 2D Seismic Survey has revealed some very good targets for drilling? We already know that drilling for holes #1 - #14 were already financed and will make up the majority of the NI Resource Estimate being done as we speak by Ercosplan and due out in May....So, one have to assume that our management want to take full advantage of the results of the seismic survey and prove up even more shallow potash zones while we have the drill rigs...or maybe they have already "tied up" the Nova or Samarian Lands and have plans to do a drilling program on the new lands as well? Time will tell, and either way its all good for us. Funny how funding a drilling program...comes before the feasibility study in the NR?
Karma
Allana Potash Announces a Strategic Investment by International Finance Corporation3/24/2011 9:59:49 AM - NFD
TORONTO, ONTARIO, Mar 24, 2011
The Company plans to use the net proceeds from the Offering to fund a drilling program and feasibility study for the Company's main asset, its Ethiopian potash property in the Danakhil evaporate basin, and for general corporate purposes.