Arianne Resources Inc.: Update on the Lac a Paul Project
17 Dezember 2010 - 6:15PM
Marketwired
Arianne Resources Inc. (the "Company") (TSX VENTURE:
DAN)(FRANKFURT: JE9N)(OTCBB: DRSSF) is pleased to report that the
pre-feasibility study on the Lac a Paul Phosphorus-Titanium
Project, in Quebec, Canada, will begin in January 2011 and will be
conducted by Met-Chem Canada Inc (Montreal, Qc).
Moreover, the Company has recently completed its definition
drilling program on the Paul Zone. All samples were sent for
preparation to IOS laboratories in Chicoutimi, and will be shipped
to ALS Chemex analytical laboratories in Val-d'Or. Assay results
are expected toward the end of January. This latest drilling
campaign has clearly demonstrated that the Paul Zone extends to at
least 400 metres vertical depth and remains open.
Management is also pleased to report that a new definition
drilling program on the Manouane Zone is set to begin in February
2011. This drilling campaign is designed to convert part of the
inferred resources into indicated resources, and to test the
lateral extensions of this deposit, which contains, according to
the latest NI 43-101 resource estimate (SGS Canada Inc, 2010), an
inferred resource of 137.65 Mt grading 5.71% P2O5 and 8.92% TiO2
based on a cut-off grade of 2%. A new resource calculation (SGS
Canada Inc) for the Paul and Manouane zones will be included in the
pre-feasibility study, which will therefore consider a mining
project with a mine life of at least 25 years.
Finally, the Company is pleased to announce it has entered an
agreement with COREM (Quebec) to obtain 800 kg of apatite
concentrate from the Paul Zone. COREM, a consortium of applied
research for the treatment and processing of mineral substances,
has been commissioned to develop the apatite recovery process via a
pilot plant. Tests to determine the Bond work index and an ore
liberation study will also be carried out. This work is expected to
be finalized in May of 2011. The results of this metallurgical
testing will also be included in the pre-feasibility study.
This work will enable the Company to ship high-quality
concentrate to waiting clients. Note that phosphate production in
North America is declining, and the start-up of production at this
mining project would represent a great opportunity to offset a
future drop in fertilizer supply.
The Lac a Paul Property consists of 271 claims covering more
than 15,000 hectares, where three mineralized zones have been the
focus of intensive exploration. To date, the Paul, #2, and Manouane
zones contain an aggregate inferred resource of 260.25 Mt grading
5.7% P2O5 and 7.64% TiO2 and an indicated resource of 78 Mt grading
7.24% P2O5 and 7.84% TiO2 (cut-off grade at 2%).
Arianne Resources (www.arianne-inc.com) is a Canadian
exploration company whose mission is to explore and develop gold,
silver, phosphorus and titanium in Canada and Mexico. Arianne has
48 M shares outstanding. Canada Phosphate (www.canadaphosphate.com)
is Arianne's wholly-owned subsidiary that is developing the Lac a
Paul phosphorus-titanium deposits to produce a superior grade
apatite concentrate grading close to 40% P2O5.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Source: Arianne Resources Inc. Bernard Lapointe, CEO
418-549-7316 #24 bernard@arianne-inc.com Info: Arianne Resources
Inc. Nadege Tollari, V-P R&D 819-824-4138
nadege@arianne-inc.com Arianne Resources Inc. Norman Forrest,
Director 450-736-0453 norman@arianne-inc.com
www.arianne-inc.com
Arianne Phosphate (TSXV:DAN)
Historical Stock Chart
Von Mai 2024 bis Jun 2024
Arianne Phosphate (TSXV:DAN)
Historical Stock Chart
Von Jun 2023 bis Jun 2024