Lac a Paul Project: Manouane Zone Drilling Extends Mineralized Area
22.06.2011 | Marketwire
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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Contact Information
Source:
Bernard Lapointe, President
(418) 549 7316 #24
bernard@arianne-inc.com
Info:
Jed Richardson, Principal
(416) 840 3325
jed@javelinpartners.com