SAGUENAY, QUEBEC--(Marketwire - June 22, 2011) - Arianne Resources ("Arianne" or the "Company") (News - Market indicators)(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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