This is a Canadian penny stock we had followed a while back. This is some new news that may cause the stock to move. Interesting to watch the result. Allana Potash Corp. (TSX: AAA) (OTCQX: ALLRF) ("Allana" or the "Company") is pleased to announce that it has intersected potash mineralization in Holes DK-11-24 ("Hole 24"), DK-11-25 ("Hole 25") and DK-11-26 "Hole 26"). All Holes intersected two zones of potash, Sylvinite and Kainitite, at shallow depths and are located in the southwestern portion of Allana's land position. Hole 24 yielded 35.12% KCl over 2.81 metres at a depth of 135.83 metres which corresponds with Sylvinite Zone, and 21.03% KCl over 6.30 metres from the Kainitite Zone. Hole 25 also intersected the Sylvinite Zone returning 29.33% KCl over 5.5 metres and the Kainitite Zone which returned 18.98% KCl over 5.89 metres. Hole 26 yielded 20.26% KCl over one metre of sylvinite at a depth of 105 metres and a robust Kainitite Zone which returned 18.54% KCl over 8.00 metres. The potash mineralization in Hole 25 was intersected at approximately 101 metres below surface and all holes are located in the southwestern portion of the property where holes 8, 11, 16, 17, and 19 also intersected shallow potash and management believes this area may be amenable to open pit mining. (more of the news release
here)
