TORONTO, Canada - Ubika Research has issued a special research bulletin on the recent update by Allana Potash Corp. (AAA-TSX.V) on the planned Phase I drilling at its Danakhil Potash property.
Ubika Research expects the drilling to start shortly and anticipate the proposed drilling to produce results that will help Allana to increase the confidence of the inferred resource, i.e. move it to indicated or measured category and also to expand the resource estimate.
The company is well capitalized and with a strong momentum behind the stock, we expect Allana to move aggressively with its drilling plans this year. We are increasingly comfortable to state that Allana can move faster towards reaching its goal of establishing a sizable potash deposit through the planned drilling program and eventually towards feasibility stage that can determine the economic viability of the project.
Allana Potash is rated a SPECULATIVE BUY by Ubika Research with a 12-month target of $1.02
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About Allana Potash Corp.
Allana Potash Corp. (TSX-VEN: AAA) is a Canadian potash company focusing on the exploration and development of a previously explored Dallol potash property in the Danakhil Depression, Ethiopia. The Danakhil depression had small-scale potash production in the 1920's and was extensively explored in the 1960's with nearly 300 potash drill holes. The Company has a strong management with experience in potash industry and 43-101-compliant resources of over 100 million tonnes.
About Ubika Research
Ubika Research is an investment research and capital market service firm based in Toronto and Vancouver. It provides investors research and insight on under-researched micro and small cap companies. For more information visit www.ubikaresearch.com
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Disclosure
Except for the historical information presented herein, matters discussed in this document contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements.Ubika Research, a division of Ubika Corporation, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this report. For making specific investment decisions, readers should seek their own advice. For full disclosure please visit:
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For additional information contact:
Vikas Ranjan vikas@ubikacorp.com
