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Adriana Confirms Lac Otelnuk Iron Deposit over 22.5 Square Kilometres;
Adriana Resources Inc. ("Adriana" or the "Company") -- (TSX-V: ADI, WKN: A0F7EL) is pleased to announce the results from the 2008 delineation drill program on the South Zone of its Lac Otelnuk Iron Project in the Labrador Trough, Qu�bec, Canada. The program consisted of 40 Diamond drill holes ("DDH") totaling 5,255 metres of BQ core. This program completes a 67 DDH campaign, where drilling was carried out on a regular grid with lines spaced 600 metres apart, and drill holes every 500 metres on the lines to cover an area 9 kilometres by 2.5 kilometres.
The results from the 2007/2008 drilling program at Lac Otelnuk confirm a large, flat lying and shallow iron formation over an approximate area of 22.5 square kilometres. The targeted formation remains open along strike to the northwest and southeast. The Company has yet to drill test the North Zone, where drilling in the 1970s outlined the presence of a significant iron formation similar to that of the South Zone," commented Michael Beley, President of Adriana.
The Lac Otelnuk iron formation strikes northwest to southeast. It subcrops at surface and dips gently (from 2 to 5 degrees) to the northeast, eventually plunging under sedimentary formations. The western extent is terminated by erosion. Due to the gentle north-easterly dip and westerly sloping terrain, much of the sedimentary rocks that overly the South Zone have been stripped away by erosion, exposing the Upper Iron Formation.
"We look forward to the results of the National Instrument ("NI") 43-101 compliant Mineral Resource estimate that will add significant value to this project and Adriana's asset base." Michael Beley commented. "The work is currently underway with Watts, Griffis and McOuat Limited ("WGM"), a Toronto-based firm of independent consulting geologists and engineers."
The Lac Otelnuk iron formation is composed of individual stratigraphic units stacked one on top of each other, identified as Units 2 (upper), 3 (middle) and 4 (lower). For mapping and core logging purpose these Units have been sub-divided into 8 Sub-units identified as Sub-units 2A, 2B, 2C, 3A, 3B, 3C, 4A and 4B, on the basis of lithology and iron content. The highest concentration of magnetite occurs in the Upper Iron Formation (Unit 2) followed by the Middle Iron Formation (Unit 3) and the Lower Formation (Unit 4).
The uppermost five Sub-units, 2A to 3B, are considered to have the greatest resource potential, based on vertical and horizontal continuity, magnetite content, and depth. These five Sub-units combine to form a continuous vertical thickness averaging approximately 75 metres containing concentrations of magnetite in excess of 20% Davis Tube Weight Recovery (%DTWR). The Table presented below summarizes the drill results of all 67 holes for the upper 5 Sub-units, of which holes LO-S-1001 to LO-S-1027 were drilled in 2007. Sub-units 3C and 4A also contain significant intersections of iron which may eventually increase the overall thickness of the deposit.
Lac Otelnuk Drill Hole Summary � South Zone:
|
Drill |
Stratigraphic |
From |
To |
Length |
Head Grade |
Concentrate Grade |
|
Hole |
Units |
(m) |
(m) |
(m) |
%SiO2 |
%Fe |
%DTWR |
%SiO2 |
%Fe |
|
76-130S-2 |
2a,2b,2c |
18.36 |
61.82 |
43.46 |
40.8 |
31.2 |
34.8 |
5.34 |
65.8 |
|
LO-S-1001 |
2a,2b,2c |
38.72 |
94.55 |
55.83 |
45.4 |
27.7 |
25.5 |
2.91 |
69.2 |
|
LO-S-1002 |
2b,2c |
4.00 |
41.20 |
37.20 |
42.5 |
29.5 |
19.4 |
1.73 |
70.4 |
|
LO-S-1003 |
2b,2c,3a,3b |
3.00 |
68.10 |
65.10 |
47.0 |
27.6 |
24.4 |
2.52 |
69.7 |
|
LO-S-1004 |
Lost in 2A |
|
|
|
|
|
|
|
|
|
LO-S-1005 |
2a,2b,2c,3a,3b |
1.23 |
87.58 |
86.35 |
44.3 |
31.1 |
28.8 |
2.64 |
66.2 |
|
LO-S-1006 |
2b,2c,3a,3b |
3.55 |
48.80 |
45.25 |
49.4 |
25.7 |
26.5 |
3.75 |
68.8 |
|
LO-S-1007 |
2a,2b,2c,3a |
1.72 |
50.67 |
48.95 |
37.0 |
27.5 |
29.5 |
3.29 |
69.2 |
|
LO-S-1008 |
2a,2b,2c,3a |
2.36 |
62.65 |
60.29 |
46.3 |
29.2 |
29.5 |
3.36 |
69.4 |
|
LO-S-1009 |
2b,2c,3a |
6.70 |
43.04 |
36.34 |
46.9 |
26.2 |
26.3 |
5.27 |
67.1 |
|
LO-S-1010 |
2b,2c,3a |
1.00 |
61.31 |
60.31 |
43.7 |
29.8 |
19.4 |
1.85 |
70.7 |
|
LO-S-1011 |
2a,2b,2c,3a,3b |
3.15 |
72.50 |
69.35 |
46.4 |
28.2 |
29.9 |
3.57 |
68.2 |
|
LO-S-1012 |
2a,2b,2c,3a,3b |
7.53 |
100.54 |
93.01 |
45.0 |
29.3 |
30.0 |
3.94 |
67.9 |
|
LO-S-1013 |
2b,2c,3a,3b |
1.89 |
49.02 |
47.13 |
46.3 |
27.3 |
20.9 |
2.20 |
69.7 |
|
LO-S-1014 |
2b,2c,3a,3b |
2.38 |
59.33 |
56.95 |
46.7 |
27.7 |
25.0 |
2.45 |
69.7 |
|
LO-S-1015 |
2b,2c,3a,3b |
3.16 |
59.00 |
55.84 |
42.4 |
29.6 |
22.5 |
2.22 |
69.6 |
|
LO-S-1016 |
2b,2c,3a,3b |
2.91 |
57.95 |
55.04 |
42.8 |
27.4 |
20.2 |
2.03 |
67.7 |
|
LO-S-1017 |
2a,2b,2c,3a,3b |
5.40 |
100.00 |
94.60 |
43.9 |
30.2 |
26.5 |
2.42 |
69.7 |
|
LO-S-1018 |
2b,2c,3a,3b |
2.78 |
76.40 |
73.62 |
43.7 |
29.9 |
23.9 |
2.39 |
69.9 |
|
LO-S-1019 |
2a,2b,2c,3a,3b |
3.00 |
79.38 |
76.38 |
45.0 |
28.4 |
24.7 |
1.96 |
69.9 |
|
LO-S-1020 |
2a,2b,2c,3a,3b |
15.42 |
101.75 |
86.33 |
43.4 |
30.4 |
28.3 |
3.69 |
68.6 |
|
LO-S-1021 |
2a,2b,2c,3a,3b |
21.20 |
101.49 |
80.29 |
43.0 |
30.3 |
27.9 |
4.68 |
67.6 |
|
LO-S-1022 |
2b,2c,3a,3b,3c |
2.25 |
86.41 |
84.16 |
43.4 |
30.0 |
26.4 |
3.28 |
69.1 |
|
LO-S-1023 |
2b,2c,3a,3b |
0.82 |
85.40 |
84.58 |
43.8 |
30.1 |
25.2 |
3.28 |
69.1 |
|
LO-S-1024 |
2a,2b,2c,3a,3b |
11.65 |
107.54 |
95.89 |
43.0 |
30.4 |
29.2 |
5.71 |
66.8 |
|
LO-S-1025 |
2a,2b,2c,3a,3b |
3.00 |
80.90 |
77.90 |
43.0 |
30.4 |
31.6 |
4.65 |
67.3 |
|
LO-S-1026 |
2a,2b,2c,3a,3b |
1.14 |
71.75 |
70.61 |
43.5 |
30.4 |
30.2 |
4.73 |
66.7 |
|
LO-S-1027 |
2a,2b,2c,3a |
1.35 |
72.86 |
71.51 |
43.2 |
30.3 |
27.9 |
4.01 |
67.8 |
|
LO-S-1028 |
2a,2b,2c,3a,3b |
2.88 |
73.35 |
70.47 |
44.9 |
28.3 |
25.0 |
3.22 |
69.2 |
|
LO-S-1029 |
2a,2b,2c,3a,3b |
1.10 |
79.10 |
78.00 |
44.8 |
29.1 |
26.5 |
3.76 |
68.5 |
Lac Otelnuk Drill Hole Summary � South Zone (cont�d):
|
Drill |
Stratigraphic |
From |
To |
Length |
Head Grade |
Concentrate Grade |
|
Hole |
Units |
(m) |
(m) |
(m) |
%SiO2 |
%Fe |
%DTWR |
%SiO2 |
%Fe |
|
LO-S-1030 |
2b,2c,3a,3b,3c |
3.09 |
68.85 |
65.76 |
45.0 |
27.9 |
20.5 |
3.74 |
68.3 |
|
|
LO-S-1031 |
2a,2b,2c,3a,3b |
0.39 |
72.28 |
71.89 |
44.5 |
28.9 |
23.0 |
3.47 |
68.8 |
|
|
LO-S-1032 |
2a, 2b,2c,3a,3b |
42.50 |
135.30 |
92.80 |
44.2 |
29.1 |
25.1 |
3.33 |
69.3 |
|
|
LO-S-1033 |
2a,2b |
77.32 |
90.26 |
12.94 |
41.4 |
32.2 |
20.4 |
2.72 |
69.5 |
|
|
LO-S-1034 |
2b,2c,3a,3b |
43.90 |
133.67 |
89.77 |
44.8 |
29.4 |
24.7 |
4.19 |
68.1 |
|
|
LO-S-1035 |
2a,2b,2c,3a,3b |
45.12 |
135.60 |
90.48 |
45.7 |
29.0 |
23.0 |
3.98 |
68.3 |
|
|
LO-S-1036 |
2a,2b,2c,3a,3b |
28.95 |
118.11 |
89.16 |
48.2 |
28.8 |
25.2 |
4.00 |
68.3 |
|
|
LO-S-1037 |
2a,2b,2c,3a,3b |
7.74 |
103.46 |
95.72 |
44.7 |
29.4 |
24.2 |
3.05 |
69.3 |
|
|
LO-S-1038 |
2b,2c,3a,3b |
4.75 |
79.74 |
74.99 |
46.4 |
28.2 |
21.3 |
2.88 |
69.2 |
|
LO-S-1039 |
2a,2b,2c,3a,3b |
1.87 |
92.54 |
90.67 |
43.5 |
29.4 |
25.9 |
2.81 |
69.0 |
|
LO-S-1040 |
2a,2b,2c,3a,3b |
1.70 |
90.46 |
88.76 |
44.7 |
28.9 |
24.7 |
2.70 |
68.9 |
|
LO-S-1041 |
2a,2b,2c,3a,3b |
2.20 |
92.24 |
90.04 |
43.8 |
29.7 |
23.8 |
2.58 |
69.0 |
|
LO-S-1042 |
2b,2c,3a,3b |
14.10 |
75.09 |
60.99 |
45.7 |
27.0 |
24.8 |
2.92 |
68.5 |
|
LO-S-1043 |
2b,2c,3a,3b |
5.26 |
77.38 |
72.12 |
45.3 |
27.7 |
22.1 |
2.88 |
68.9 |
|
LO-S-1044 |
2b,2c,3a,3b |
1.42 |
90.71 |
89.29 |
44.7 |
29.6 |
22.6 |
2.93 |
67.1 |
|
LO-S-1045 |
2a,2b,2c,3a,3b |
3.35 |
90.94 |
87.59 |
44.5 |
29.3 |
27.7 |
3.48 |
68.5 |
|
LO-S-1046 |
2a,2b,2c,3a,3b |
20.90 |
104.29 |
83.39 |
45.8 |
27.8 |
22.9 |
4.48 |
67.5 |
|
LO-S-1047 |
2a,2b,2c,3a,3b |
22.36 |
106.48 |
84.12 |
44.0 |
28.0 |
22.3 |
4.33 |
67.4 |
|
LO-S-1048 |
2a,2b,2c,3a,3b |
0.54 |
88.26 |
87.72 |
44.0 |
29.7 |
27.0 |
3.57 |
68.4 |
|
LO-S-1049 |
2b,2c,3a,3b |
2.36 |
82.62 |
80.26 |
44.8 |
29.1 |
23.9 |
3.50 |
68.5 |
|
LO-S-1050 |
2b,2c,3a,3b,3c,4a |
4.31 |
77.16 |
72.85 |
45.1 |
27.4 |
23.8 |
3.77 |
67.9 |
|
LO-S-1051 |
2b,2c,3a,3b |
3.64 |
64.02 |
60.38 |
46.4 |
27.8 |
25.7 |
3.67 |
68.3 |
|
LO-S-1052 |
2a,2b,2c,3a,3b |
0.79 |
88.74 |
87.95 |
44.5 |
29.6 |
27.0 |
3.38 |
68.9 |
|
LO-S-1053 |
2a,2b,2c,3a,3b |
30.48 |
114.43 |
83.95 |
46.4 |
26.3 |
21.2 |
4.49 |
67.2 |
|
LO-S-1054 |
2a,2b,2c,3a,3b |
20.70 |
118.69 |
97.99 |
44.6 |
29.1 |
25.4 |
4.25 |
67.8 |
|
LO-S-1055 |
2a,2b,2c,3a,3b |
42.42 |
161.80 |
119.38 |
44.7 |
28.2 |
25.3 |
4.32 |
67.5 |
|
LO-S-1056 |
2a,2b,2c,3a,3b |
81.22 |
183.29 |
102.07 |
44.9 |
29.6 |
24.0 |
3.78 |
68.6 |
|
LO-S-1057 |
2a,2b,2c,3a,3b |
72.00 |
172.02 |
100.02 |
43.4 |
30.4 |
30.0 |
3.14 |
68.4 |
|
LO-S-1058 |
2a,2b,2c,3a,3b |
64.39 |
163.54 |
99.15 |
44.8 |
28.9 |
25.2 |
3.59 |
68.5 |
|
LO-S-1059 |
2a,2b,2c,3a,3b |
77.40 |
169.94 |
92.54 |
44.0 |
29.8 |
22.0 |
3.18 |
68.7 |
|
LO-S-1060 |
2a,2b,2c,3a,3b |
67.17 |
155.84 |
88.67 |
45.3 |
29.4 |
22.0 |
4.87 |
67.2 |
|
LO-S-1061 |
2a,2b,2c,3a,3b |
41.15 |
134.42 |
93.27 |
45.0 |
29.5 |
24.4 |
4.65 |
67.4 |
|
LO-S-1062 |
3a,3b |
3.59 |
29.05 |
25.46 |
48.5 |
26.6 |
25.4 |
5.31 |
67.0 |
|
LO-S-1063 |
2c,3a,3b |
5.69 |
50.35 |
44.66 |
47.2 |
27.3 |
23.5 |
5.64 |
66.3 |
|
LO-S-1065 |
2c,3a,3b |
1.67 |
54.30 |
52.63 |
45.0 |
27.8 |
28.2 |
3.36 |
69.2 |
|
LO-S-1066 |
2b,2c,3a,3b |
2.70 |
63.54 |
60.84 |
45.4 |
27.7 |
24.6 |
3.59 |
69.1 |
|
LO-S-1067 |
2b,2c,3a,3b |
2.95 |
66.70 |
63.75 |
46.0 |
27.5 |
24.4 |
3.15 |
68.9 |
|
LO-S-1068 |
2b,2c,3a,3b |
1.72 |
70.40 |
68.68 |
44.6 |
28.5 |
24.6 |
2.94 |
69.6 |
Note: Iron assays are total iron; all reported lengths are actual core measurements and true widths will be slightly less when adjusted for dip.
Core samples were logged, photographed and split by Adriana's geological team, one half of the core was stored on site and the other half bagged, labeled, and shipped directly to SGS Minerals in Lakefield, Ontario for metallurgical and chemical analysis. In addition to conducting optimum grinding tests prior to the start of routine metallurgical and chemical analysis, the assay program also included a Quality Assurance/ Quality Control ("QA/QC") component that included the insertion of blanks and standards, duplicate samples, replicate assays, and replicate assaying of a portion of the samples at Midland Research Center in Nashwauk, Minnesota, the designated Secondary Lab. Results from the Secondary Lab are pending and are required to finalize the QA/QC program.
About Lac Otelnuk Iron Project
The Lac Otelnuk Iron Project lies within the Labrador Trough in Northern Qu�bec. The deposit is a Lake Superior-type (Mesabi Range) taconite iron formation. These types of deposits have been the principal source of iron ore mined in the world. The Lac Otelnuk iron formation has been identified over a strike length of approximately 25 kilometres through mapping and exploration drilling in the 1970s.
Full information and detailed results on the exploration program will be contained in the NI 43-101 compliant Mineral Resource Estimate Technical Report that is being completed by WGM. Please refer to Adriana's website for additional information at: www.adrianaresources.com/s/LacOtelnuk.asp
Mr. Frank Condon, P.Eng., a Director of the Company and a qualified person as defined by NI 43-101, has reviewed and approved the technical disclosure contained in this news release.
About Adriana Resources Inc.
Adriana's goal is to become a fully integrated iron ore producer through continued development of its iron ore port facility in Brazil, through acquisition of iron ore mineral resources in Brazil, and the advancement of the Lac Otelnuk Iron Project in Qu�bec, Canada.
For more information, contact Robert Ferguson or Ali Sinawi at (604) 629-0250 or toll free at (877) 629-0150 or visit the Company's website at www.adrianaresources.com
ON BEHALF OF ADRIANA RESOURCES INC.
"Michael J. Beley"
President
Certain information regarding the Company including management's assessment of future plans and operations, may constitute forward-looking statements under applicable securities laws and necessarily involve risks associated with mining exploration and development, volatility of prices, currency fluctuations, imprecision of resource estimates, environmental risks, access to labour and services, competition from other companies and ability to access sufficient capital. As a consequence, actual results may differ materially from those anticipated in the forward-looking statements. The TSX Venture Exchange does not accept responsibility for the accuracy or adequacy of this release.
You can also view this News Release on our website at:
http://www.adrianaresources.com/s/NewsReleases.asp?ReportID=337904
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Suite 1580, One Bentall Centre
505 Burrard Street, Box 72
Vancouver, BC
Canada V7Y 1C6
Telephone: 604.629.0250
Fax: 604.629.0923
Toll Free: 877.629.0150
Email:
info@adrianaresources.com
 
(TSX-V: ADI)
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