AmerAlia Inc. drills successful deep cored hole on Piceance Creek Basin soda resource.PICEANCE CREEK BASIN, Colo.--(BUSINESS WIRE)--Aug. 6, 1996--AmerAlia Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :AALA AALA Adventure Activities Licensing Authority AALA American Agricultural Law Association AALA American Association for Laboratory Accreditation AALA American Automobile Labelling Act AALA Asociación de Amigos del Lago de Atitlán ) has successfully completed drilling a deep core hole on its Rock School sodium mineral lease in the Piceance Creek Basin in northwestern Colorado. This hole proved the continuity of previously defined extensive and unique nahcolite (sodium bicarbonate sodium bicarbonate or sodium hydrogen carbonate, chemical compound, NaHCO3, a white crystalline or granular powder, commonly known as bicarbonate of soda or baking soda. It is soluble in water and very slightly soluble in alcohol. mineral) beds through the company's lease area. Three separate beds were encountered by this drill hole beneath the Lower Salt (sodium chloride sodium chloride, NaCl, common salt. Properties Sodium chloride is readily soluble in water and insoluble or only slightly soluble in most other liquids. It forms small, transparent, colorless to white cubic crystals. rich) bed, which would form the roof of the proposed extraction operations. These almost horizontal beds have an average nahcolite content of 26.5% over a total thickness of 510 feet from a depth of 2020 feet. As a result of the drilling, the company will be able to upgrade the quality of its nahcolite resource estimates, which have previously been estimated at a total of 600 million tons. These previous estimates have been based on earlier drilling results from surrounding areas. A re-calculation of the total nahcolite resources and reserves can now be made, based on this new data. The company has also successfully carried out detailed rock strength testing strength testing, n assessment procedure to determine the contractile strength of a muscle. on selected core samples. These results have been analyzed by Agapito Associates Inc. of Grand Junction Grand Junction, city (1990 pop. 29,034), seat of Mesa co., W Colo., at the junction of the Gunnison and Colorado rivers; inc. 1891. The shipping and processing center of a large ranch and irrigated farm region, it also serves the area's uranium, oil shale, gas, and , Colo., and the initially proposed nahcolite extraction process have been studied with respect to the development of the extraction process and to the stability of the operational area during and after nahcolite extraction. It has been concluded that the operational area will be extremely stable, subject to normal operational controls being applied, and that the quantity of nahcolite extracted per well should be able to be increased three-fold from earlier (1990) estimates without affecting extraction safety factors. AmerAlia owns a U.S. Department of Interior lease of 1320 acres in the Piceance Creek Basin. This basin contains the world's largest deposit of nahcolite (naturally occurring sodium bicarbonate which is generally known as baking soda baking soda: see sodium bicarbonate. ). The company's lease has been previously estimated to contain insitu resource of approximately 600 million tons of nahcolite. Due to strong, worldwide demand for sodium bicarbonate, coupled with AmerAlia's expected low cost of production, the company anticipates rapidly gaining marketshare by providing a full range of pharmaceutical, food, technical, animal feed and fluegas desulphurization product grades. CONTACT: AmerAlia Inc. Marvin Hudson, VP, Investor Relations Investor relations The process by which the corporation communicates with its investors. 719/260-6011 or Continental Capital & Equity Corp. Dodi Zirkle, 407/875-1110 or www.insidewallstreet.com or www.researchmag.com |
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