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Arianne Phosphate Inc.

Publié le 19 juin 2008

Starts Exploration on the Natashquan and Havre-Nord Projects

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June 19, 2008

Arianne Resources - Press Release

 


Arianne Starts Exploration on the Natashquan and Havre-Nord Projects in North Shore, Quebec

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SAGUENAY, QUEBEC - (June 19, 2008) - Arianne Resources (the "Company" or "Arianne") (TSX VENTURE: DAR) (FRANKFURT: JE9) (OTCBB: DARUF) announces the start of a follow-up field campaign on its Natashquan and Havre-Nord uranium projects. In June 2007, a Mag-EM-Radiometric helicopter survey took place on an important portion of these properties. Some of the identified targets were confirmed during a field visit in the autumn of 2007.

The Company previously announced, on October 24, 2007, the discovery of a pegmatite with strong Rare Earth Material (REM) content returning up to 0.43% U3O8. This pegmatite, located on the lower North Shore of Quebec, is located on the Havre Nord project, owned by Exploration Azimut (TSX VENTURE:AZM) and optioned by Arianne. The Company wishes to announce the results from additional studies coming from samples extracted in 2007 and inform shareholders about its 2008 uranium exploration program on the lower North Share.

Mineralogic study : The firm IOS Services Geoscientifiques inc. proceeded with a mineralogic study (four thin blades coming from the pegmatite) which was followed by micro-XRF (X-Ray Fluorescence) assays performed at UQAC (Universite du Quebec in Chicoutimi). Results show that Rare Earth Materials (REM) are concentrated within a silicate named allanite. The uranium is associated with secondary minerals coming from an unidentified primary mineralogy due to alteration. It is suspected that the uranium is contained within uranium-thorium oxydes possibly associated with other metals. This uranium phase seem to be mainly observed in inclusions within coarse grains of magnetite. Since the radioactive phases were highly altered, more exhaustive mineralogy studies will be necessary to identify the uranium/REM bearing minerals.

Analytical tests : Additional assays were performed on three samples that were quite rich and previously assayed (North-West-1 block). The samples were assayed by neutronic activation (INAA) at the Laboratoire d'Analyses Geochimiques of UQAC. REM and uranium are difficult to assay but the UQAC results confirm those previously announced and confirm that the rock is rich in uranium and REM.

*

This pegmatite is located in a zone that is highly enriched in uranium and spatially correlated to a strong uranium heliported anomaly outlined on an area of 1 km by 5 km.
It could therefore have significant extensions.

2008 exploration program : A prospection follow-up started on all the blocks of the Natashquan and Havre-Nord projects. The three field teams are based at the Lac de la Galisonniere outfitter and they will visit all of the anomalous areas previously identified by the 2007 radiometric survey. This heliported survey will take place for 3 weeks. A systematic sampling of the pegmatite discovered in 2007 will also take place on the North-West-1 block.

Arianne Resources is a Canadian exploration company with the primary mission to explore, find and develop gold and uranium deposits in Canada and Mexico. The content of this press release was reviewed and approved by Mr. Bernard Lapointe, Ph.D. geo. and Qualified Person as defined in NI 43-101.

Investors are invited to visit Arianne's investor relations site at http://www.agoracom.com/IR/Arianne in order to ask questions and get answers or read the questions and answers posted by investors. Also, investors can their questions or information requests to a DAR@agoracom.com and they can also ask to be included on the Company's e mail list in order to receive future news releases in real time.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

CONTACT INFORMATION:

Arianne Resources Inc.
Mr. Bernard Lapointe
CEO
418-549-7316
Fax: 418-549-5750
bernard@arianne-inc.com

or

Arianne Resources Inc.
Mr. Norman Forrest
VP - Development
450-736-0453
norman@arianne-inc.com

or

Investor relations
ARGENTUMINVEST GmbH
Richard Mayr - Germany
+49-9421-785250
info@argentuminvest.com

or

Investor relations
AGORACOM- Toronto
http://www.agoracom.com/ir/Arianne
dar@agoracom.com

 

 

 

 

FEATURED LINKS

Arianne Resources Web Site

Arianne Resources IR HUB

 

 


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Arianne Phosphate Inc.

EXPLORATEUR
CODE : DAN.V
ISIN : CA04035D1024
CUSIP : 04033
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Arianne Phosphate est une société d’exploration minière basée au Canada.

Arianne Phosphate détient divers projets d'exploration au Canada et au Mexique.

Ses principaux projets en exploration sont HÉVA EST, MIREPOIX, OPINACA, PENARROYA - BROUILLANT, LAC A PAUL, MASSICOTTE GROUP et R-14 au Canada et EL REY PROPERTY au Mexique.

Arianne Phosphate est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 25,9 millions CA$ (18,9 millions US$, 17,7 millions €).

La valeur de son action a atteint son plus bas niveau récent le 02 janvier 2009 à 0,02 CA$, et son plus haut niveau récent le 16 septembre 2011 à 2,48 CA$.

Arianne Phosphate possède 97 650 000 actions en circulation.

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