Ethiopian Potash Corp Completes Drilling 5 Holes

Samples from the drill core are being processed for analysis.

Ethiopian Potash Corp announced yesterday that it had completed drilling five holes with total drilling through 1,000 metres to date of the planned 15,000 metre diamond drill programme on its 481km² Danakil Project, in Ethiopia.

The holes were drilled along the western edge of the Danakil and targeted the on strike continuation of the Musley potash deposit. All of the holes intersected the regional Danakil Potash Formation and potash mineralization.

The drill core has been logged and selected intersections have been reviewed by Ercosplan who confirmed the intersection as being part of the Regional Danakil Potash bearing sequence and that potash mineralization was observed in the drill core.

The drill core has been sampled and the samples are being processed for analysis. The company announced that drilling was continuing in the southwest corner of the property.

Early in June, Ethiopian Potash Corp's drilling rigs were in the process of being commissioned and were about to start operation in a week's time, George Roach, board chairman had said in the last week of May during an event in which Robert J. Metcalfe was assigned the new director of the corporation while Wally Rudensky resigned from the board of directors.

And late in June the company was listed on the OTCQX and begun trading on the OTC market's highest tier, OTCQX under the symbol "ETPHF", David Wahl, President and CEO, had announced on 20 June 2011. 

Source: Marketwire 

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