Allana Potash Intersects Highest Grade Potash to Date With 52.40 % KCl Over 0.80 Metres / - Hole 15 Intersects Strong Potash Mineralization of 52.40% KCl Over 0.80 Metres - Highest Grade Sylvinite and Kainitite Intersected at Dallol Project to Date
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: BMO Capital Markets Farm to Market Conference
High Food Prices Continue to Support Fertilizers
Allana Potash Corp (CVE:AAA) announced that its recent drilling results suggest that the potential of its Dallol project in Ethiopia could be extended beyond the original resource estimate. Results from drill hole 15 at the company’s Dallol property in Ethiopia’s northeastern Danakil Depression showed a mineralization grade as high as 52.4 percent KCl (potassium chloride) over 0.80 meters in a zone rich with sylvinite. Drilling at the sylvinite zone showed 2.70 meters of mineralized ore with a grade of 39.38 percent KCl starting at a depth of 254.40 meters, the same hole also showed a strong grade for the kainite ore and the grade for both ores were the highest grade encountered to date on the property. Allana plans to include data from hole 15 in its upcoming NI 43-101 technical report. The original resource estimate on the property was completed in 2008.
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: Allana Potash Included in First Fertilizer/Potash
TORONTO, ONTARIO -- (Marketwire) -- 05/26/11 -- Allana Potash Corp. (TSX VENTURE: AAA) ("Allana" or the "Company") is pleased to announce that it has been selected as a constituent investment holding in the newly launched Global X Fertilizers/Potash ETF (NYSE: SOIL) ("SOIL"). SOIL offers targeted exposure to fertilizer producers around the world, giving investors access to a critical agricultural and commodity sector.
Farhad Abasov, President and CEO, commented: "We are very pleased that Allana Potash has been included in the SOIL ETF. Being selected by Global X Funds in this important international investment product is another validation of our positioning as an emerging player in the global potash industry."
The Global X Fertilizers/Potash ETF tracks the Solactive Global Fertilizers/Potash Index, which is designed to track the performance of the largest and most liquid listed companies globally that are active in some aspect of the fertilizer/potash industry. "As the population in emerging economies continues to increase their food consumption and purchasing power, these nations have to increase farming yields," said CEO of Global X Funds, Bruno del Ama. "We are starting to see how these fertilizer and potash companies stand to benefit from this demand."
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: ALLANA POTASH ist in folgenden Fonds enthalten
JB EF AGRICULTURE-USD B A0Q6MJ JB EF AGRICULTURE-USD C A0Q6MK JB EF AGRICULTURE-USD A A0Q6MH JB EF AGRICULTURE-EUR C A0Q6MF JB EF AGRICULTURE-EUR A A0Q6MD JB EF AGRICULTURE-EUR B A0Q6ME JB EF AGRICULTURE-CHF A A0Q6L9 JB EF AGRICULTURE-CHF C A0Q6MB JB EF AGRICULTURE-CHF B A0Q6MA JPM GLOBAL NATURAL RESOURCES FUND D (ACC) - USD A0KDTF
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: Kaufempfehlung mit Kursziel von 2,50 $.
Allana Potash gets a boost as India invests in Ethiopian railway
Allana Potash Corp.‘s Dallol potash project in Ethiopia got a major boost this week after India committed US$300-million towards an Ethiopia-Djibouti railway line expansion, a move that may be part of the rapidly growing country’s strategy in negotiations with Canadian potash suppliers.
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