Toronto-Allana Potash Corp. reports progress in the drilling of two holes at its Ethiopian Potash Project in the Danakhil Depression. “We are very pleased that the initial two holes seem to confirm the shallow depth of the potash beds and, in the case of the second hole, provides us with preliminary evidence of a potentially increased resource,” said Farhad Abasov, Allana president and CEO. “We intend to report the assay results from the first two holes immediately after they are received, and we also intend on accelerating the drill program by bringing in another drill rig. Allana is getting quotes on a seismic program that is planned to be launched as soon as seismic equipment can be mobilized.” In addition, Allana notes that the Ethiopian government has announced positive news regarding new infrastructure projects in the country. It says the Chinese government has granted Ethiopia a multi-billion Birr loan towards the construction of railway lines, expected to stretch some 5,000 kilometers from Addis Ababa into the various regions of the country. Government officials have commented that it is economically viable to transport minerals by rail from the country’s major mineral resource regions, including the Afar region which hosts Allana’s potash project. Allana notes that government officials have stated that the project is one of the main strategic projects of the country over the next five years.
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