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Re: Track post# 4202

Friday, 02/11/2011 6:33:09 PM

Friday, February 11, 2011 6:33:09 PM

Post# of 12338
Since I like roads so much, I was just going over this PR from October. I liked this part:

Mining and fertilizer analysts from Wellington West, Dundee Securities, Cormark, Salman Partners and Fraser MacKenzie along with a number of fund managers, toured Allana's ongoing exploration project in the Danakhil Depression. The analysts reviewed drill core from Allana's four completed holes on the project as well as the new camp expansion to accommodate additional crew for the seismic program. The group visited ongoing drilling at holes DK-10-05 and DK-10-06 in the centre of the evaporite basin and observed ongoing seismic optimization studies with vibreseis units and road construction to improve access to the centre of the basin.

The analysts also met with His Excellency, the President of Ethiopia, Honourable Minister of Mines and Energy, and Honourable Minister of Transport and Telecommunications to discuss infrastructure development initiatives in Ethiopia and specifically near Allana's potash project, as well as general investment climate in the mining sector in Ethiopia. The government confirmed a published report on a railway construction initiative aimed at linking Addis Ababa to Djibouti and to developing a northern rail line close to Allana's potash project. In addition, road crews have begun preparations to pave the main project access road between the village of Hamadela (adjacent to Allana's camp) and the regional centre of Mekele greatly improving access to the project area. The Ethiopian government officials expressed their continuing full support to Allana's potash exploration project and pledged maximum assistance with ongoing infrastructure development.




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