Western Potash (TSX-V: WPX) announced today that drill hole data from their potash exploration program has returned data suggesting the presence of hydrocarbons. An evaluation by a petroleum geologist suggests two formations are targets for significant natural gas. Patricio Varas, the CEO of WPX is quoted saying: The possibility of [...]
Continue reading "Western Potash Strikes Hydrocarbons"
Tuesday, October 6, 2009
Allana Resources (TSX-V:AAA) has just announced that it has commissioned construction of an all-season facility at its Ethiopia Potash project. The housing will accommodate up to 20 people and will include dormitories, a kitchen and water purification equipment. Allana’s President and CEO Farhad Abasov is quoted as saying: Allana is excited to take this first step to help [...]
Continue reading "Allana Starts Construction"
Thursday, July 23, 2009
Western Potash (CVE:WPX) reported today that their fourth well has intersected 25 meters of potash, indicating continued mineralization from previous results. In addition, temperature readings in the wells also continue to indicate solution mining would be economic for the project. The release states: The Company re-iterates that it considers formation temperature a key parameter in solution mining [...]
Continue reading "Western Potash Hits Again, Expands Program"
Wednesday, July 22, 2009
Allana Resources (CVE:AAA) annouced that they have signed an MOU with a government owned company in China to jointly develop Allana’s potash project in Ethiopia. While not naming the Chinese company, the release says that the terms include a $4.5m investment to purchase just under 20% of Allana. Farhad Abasov, Allana’s president and CEO is quoted [...]
Continue reading "Chinese Buy into Allana Potash Project"
Thursday, July 9, 2009
On June 15th Western Potash (CVE:WPX) reported their second well drilled at the Milestone property in southern Saskatchewan returned results they believed were not indicative of the actual potash deposit on their property. The Patience Lake member was clay disturbed, and the company believed this was a local anomoly only. To confirm this theory, WPX drilled [...]
Continue reading "Western Potash Gambles, and Wins"
Monday, June 15, 2009
Western Potash (CVE:WPX) release results from the first well drilled at the Milestone property in Saskatchewan, Canada. Three potash bearing membres were intersected within just over 40 meters and total 19.9m of mineralization. The well was drilled vertically and the intersections are considered true width. WPX exploration continues with a 5.4m drill program working towards preparing [...]
Continue reading "Western Potash results total 19.9m Mineralization"
Friday, May 29, 2009
Allana Resources (CVE:AAA) announced that they have raised $2,542,149.90 million through the issuance of 18,830,740 units at a price of $0.135 per unit. Each unit also included a full warrant at $0.20.Company reports that proceeds will be used for ongoing exploration of Ethiopian Potash projects. Click here for the full press release.
Continue reading "ALLANA CLOSES $2.5 MILLION FINANCING"
Friday, May 29, 2009
New World Resource Corp. declared that it has received a positive technical report on the brine samples from its Pastos Grandes Salar, Bolivia. For full story, click here
Continue reading "New World Resource received report on the Potash Brine project"
Wednesday, April 22, 2009
By Leia Michele Toovey- Exclusive to Potash Investing News Sluggish demand world-wide due to the global financial squeeze has left potash stockpiles at all-time highs as potash miners fail to adequately adjust prices. Farmers, especially those finding it hard to get bank financing, may not be buying as much costly fertilizer as they face lower crop [...]
Continue reading "Potash stockpiles at record high"
Wednesday, April 15, 2009
Overview Allana controls potash concessions covering 150 km2 in the Danakil Depression. The property has an Inferred Mineral Resource of 105,200,000 tonnes with a composite grade of 20.8 % KCl. The unique environment at Dallol suggests low CAPEX and OPEX may be achievable using solution mining, solar evaporation and geothermal energy. What we like about [...]
Continue reading "Allana Potash – Developing World-Class Potash Project in Ethiopia"
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