News Releases
Oct 06, 2009 Allana Resources Announces Camp Construction Initiated at its Ethiopian Potash Project Toronto, Ontario, Oct. 6, 2009-Allana Resources Inc. (TSX-V: AAA) ("Allana"or the "Company"), is pleased to announce that it has commissioned Calivia Global LLC (Calivia) to construct an all-season camp at its Ethiopia Potash Project. Camp construction is to begin immediately and is scheduled to be completed by the end of November. The air conditioned camp will house up to 20 people and will include dormitories, a complete kitchen, diesel generator as well as water purification technology. The camp will have a modular design to allow for staged expansion as the project grows. Farhad Abasov, Allana's President and CEO, stated, "Allana is excited to take this first step to help expedite our upcoming drill program. The new camp will provide solid infrastructure designed to meet the challenging climate of the Dallol region. Personnel using the camp will have year round, safe and secure access to the area from which to work and this will be important as we move through the drilling stage and into the feasibility stage of the project." Peter J. MacLean, Ph.D., P. Geo., Allana's VP Exploration, is a Qualified Person as defined under National Instrument 43-101 and has reviewed and approved the technical information presented in this release. About Allana Resources Inc. Allana is a publicly traded corporation with a focus on the acquisition and development of potash assets internationally with its major focus on a previously explored potash property in Ethiopia with 43-101-compliant Inferred Mineral Resource of over 100 million tonnes of potash mineralization (Sylvite and Kainite) with a composite grade of 20.8 % KCl. Allana has approximately 80 million shares outstanding and trades on the TSX-Venture exchange under the symbol "AAA". Forward-Looking Statement Except for statements of historical fact relating to the Company, certain information contained herein constitutes ''forward-looking information'' under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the estimated production, the estimation of mineral reserves and mineral resources; the realization of mineral reserve estimates; the timing and amount of estimated future production; costs of production; capital expenditures; success of exploration activities; permitting time lines and permitting, mining or processing issues; government regulation of mining operations; environmental risks; unanticipated reclamation expenses; title disputes or claims; litigation liabilities; limitations on insurance coverage and the effect of terminating the investor relations contract. Generally, forward-looking information can be identified by the use of forward-looking terminology such as ''plans'', ''expects'' or ''does not expect'', ''is expected'', ''budget'', ''scheduled'', ''estimates'', ''forecasts'', ''intends'', ''anticipates'' or ''does not anticipate'', or ''believes'', or variations of such words and phrases or statements that certain actions, events or results ''may'', ''could'', ''would'', ''might'' or ''will be taken'', ''occur'' or ''be achieved''. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward looking information. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward looking information. The Company does not undertake to update any forward-looking statements or forward looking information that are incorporated by reference herein, except in accordance with applicable securities laws. For Further Information, please contact: Farhad Abasov +1 416 309-2691 fabasov@allanaresources.com or Peter MacLean +1 416 861 2262 peter@allanaresources.com | |
