Lac a Paul Project: Manouane Zone Drilling Extends Mineralized Area
22.06.2011 | Marketwired
SAGUENAY, QUEBEC -- (Marketwire - June 22, 2011) - Arianne Resources Inc. ("Arianne" or the "Company") (TSX VENTURE: DAN) (FRANKFURT: JE9N) (OTCBB: DRRSF) is pleased to announce that all the results of the latest drilling program on Manouane Zone are now available and indicate a significant increase in resources for its Lac à Paul Project.The Manouane Zone now covers an area of about 1000 metres long by 250 meters wide (up from 800 m by 200 m). The zone remains open to the east on the length. It is important to note that according to the National Instrument 43-101, the new resource calculation to be prepared by SGS Geostat Inc., for both Paul Zone and Manouane Zone, must be disclosed along with a new economic assessment of the project. The new resource calculation will therefore be included in the pre- feasibility study currently being conducted by Met-Chem Inc. and expected to be available in August.
Bernard Lapointe, President and Chief Executive Officer of Arianne Resources, commented on the latest results: "These drill results substantially impact the intrinsic value of the Lac à Paul Phosphate Project. The scope of the resource at hand should lead to an impressive mine life of 25 years or more. "
The following table shows the intersections obtained along the 2011 drilling on Manouane Zone:
Hole # % P2O5 % TiO2 Length From X m to Y m
Man-11-14 6.96 9.75 41.1 150 to 191.1
Man-09-01 &
Man-11-14 5.73
8.62
173.1
18 to 191.1
Man-11-15 5.46 8.26 105.75 38.5 to 144.25
Man-11-16 5.86 8.87 53 16 to 69
Man-11-17 5.58 9.13 188.2 12 to 200.2
Man-11-18 6.79 10.06 133.1 16.9 to 150
Man-11-19 6.50 9.80 85.30 19.6 to 104.9
Man-11-20 5.46 7.59 197.4 141 to 338.4
Man-11-21 5.22 8.39 250.8 15 to 265.8
Man-11-22 4.52 7.47 225.1 124.9 to 350
Man-11-23 6.58 9.45 88.9 12 to 100.9
Man-11-24 6.97 9.95 82.2 15 to 97.2
Man-11-25 6.87 10.13 75.1 17.9 to 93
Man-11-26 6.53 9.51 156.2 29 to 185.2
Man-11-27 5.73 8.43 174.9 35 to 209.9
Man-11-28 6.80 9.29 92 15 to 107
Man-11-29 7.28 8.87 31.2 22 to 53.2
Man-11-30 7.03 10.20 55.1 15 to 70.1
Man-11-31 6.14 8.68 84 21 to 105
Man-11-32 6.55 9.87 69.4 28.2 to 97.6
Man-11-33 6.11 10.82 10.9 120.3 to 131.2
Man-11-34 6.70 9.28 155.9 17.8 to 173.7
Man-11-35 6.12 8.62 182.1 15.9 to 198
Man-11-36 6.23 8.57 195.1 18.6 to 213.7
Man-11-37 5.92 7.79 49.7 12.3 to 62
and 5.32 7.43 32.00 73 to 105
Man-11-38 5.72 7.99 103 13 to 116
Man-11-39 7.16 9.94 151.85 12.4 to 164.25
Man-11-40 5.29 8.19 99.9 38.1 to 138.0
Man-11-41 5.62 7.91 76.5 3.5 to 80
and 5.55 8.43 86.6 104.7 to 191.3
Man-11-42 5.64 8.03 90.75 59.25 to 150
Man-11-43 5.36 6.21 11.2 29 to 40.2
and 4.73 6.48 86.15 94.4 to 180.55
including 5.89 8.00 21.45 159.1 to 180.55
Man-11-44 5.88 8.88 51.8 54 to 105.8
Man-11-45 5.91 7.39 38 44.5 to 82.5
Man-11-46 5.38 7.5 176.0 31.5 to 207.5
Man-11-47 5.27 7.39 96.5 7.3 to 103.8
Man-11-48 5.44 8.71 52.5 19.0 to 71.5
Canada Phosphate (www.canadaphosphate.com) is the wholly owned subsidiary of Arianne Resources and develops the Lac à Paul phosphorus-titanium deposits. These deposits should produce an high quality igneous apatite concentrate grading about 40% P2O5 with little or no contaminant. Arianne (www.arianne-inc.com) is a Canadian exploration company whose primary mission is to explore and develop gold, silver and other metal deposits in Canada and Mexico . The Company has 64 million shares outstanding.
Daniel Boulianne, P.Geo., Vice-President Exploration, acting as the Company's "Qualified Person" as defined by NI 43-101, has reviewed this press release and has supervised the drilling program.
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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.
Contact Information
Source:
Bernard Lapointe, President
(418) 549 7316 #24
bernard@arianne-inc.com
Info:
Jed Richardson, Principal
(416) 840 3325
jed@javelinpartners.com
