Allana is exploring in Ethiopia. They announced two days ago that they intersected significant potash horizons!
When we compare their "significant finding" with our potash expoloration results, our resource is being "ultra significant."
ELM's higher grades on thicker layers for sylvinite and carnallite resources makes it nearly double the size of Allan's deposit in the same size of area.
So, we are watching increasingly more buy orders on ELM's stock market board every day.
Depth ............. 495 m ....... 273m ..... ELM's at Half depth
Lower interval (Carnallite?) Thickness ........ 17.7m ....... over 100m ??? KCL Grade ....... 17.3% ...... "Outstanding" ???
ELM's carnallite horizon thickess looks over 100m in two layers. 17% KCL grade is avarage for carnallite bearing ores. ELM claims that it is "Outstanding" on their AGM Presentation, but we don't know the grade and thickness yet.
"Press Release Source: Allana Potash Corp. On Monday December 6, 2010, 7:30 am EST
TORONTO, ONTARIO--(Marketwire - Dec. 6, 2010) - Allana Potash Corp. (TSX VENTURE:AAA - News; "Allana" or the "Company") is pleased to announce that drill hole DK-10-06, located in the southwestern centre of the evaporite basin, intersected two significant zones of potash mineralization. Hole DK-10-06 intersected;
30.9% KCl over 3 metres, and 24.5% KCl over 4.2 metres
in two distinct intersections at relatively shallow depths beginning at 495 metres.
The lower interval occurs within a thick potash sequence that returned 17.3% KCl over 17.7 metres"
K2P Price at posting:
$1.03 Sentiment: Buy Disclosure: Held