Arianne Resources: NI 43-101 Technical Report for the Lac a Paul Prefeasibility Study Now Filed
(firmenpresse) - SAGUENAY, QUEBEC -- (Marketwire) -- 01/12/12 -- Arianne Resources Inc. (the "Company" or "Arianne") (TSX VENTURE: DAN)(FRANKFURT: JE9N)(OTCBB: DRRSF) is pleased to announce that the National Instrument ("NI") 43-101 technical report representing the qualifying report for the recently-announced Prefeasibility Study at the Lac a Paul Phosphate Project located in Central Quebec has now been filed on SEDAR. Highlights of the Prefeasibility Study, previously reported by Arianne on November 8, 2011, are as follows:
Highlights of the Prefeasibility Study ($US):
A copy of the technical report, which was filed on December 22, 2011, is available for review on the Arianne website at
Potential for Enhanced Project Economics
The study identified potential enhancements to project economics through expanded production rates, now feasible given the significant increase in measured and indicated resources. The Company has commissioned an initial economic assessment of these options for completion in Q1-Q2 2012, with the goal of determining the most efficient course of action. Scaled up production scenarios under consideration include:
Preliminary results indicate that economics are expected to improve at these production rates, as estimates of pre-tax NPV8 increase to $ 1 B at a production rate of 50,000 tonnes/day, with requirements of additional initial CAPEX of about 20%. The Company will initiate a feasibility study in Q2 2012 based on the outcome of these studies.
Qualified Persons: The following people have reviewed and approved the technical report and are deemed Qualified Persons under NI 43-101; Mr. Claude Duplessis, P.Eng., SGS Canada Inc - Geostat; Jeffrey Cassoff, P.Eng., Lead Mining Engineer, Stephane Rivard, P.Eng., Director General Mineral Processing, Michel L. Bilodeau, P.Eng. & Ph.D., Economic Analyst, Mary Jean Buchanan, P.Eng. & M.Env., Senior Project Manager from Met-Chem Canada Inc.; Nicolas Skiadas, P.Eng., Journeaux Assoc., Division of Lab Journeaux Inc.
Canada Phosphate ( ) is the wholly owned subsidiary of Arianne Resources developing the Lac a Paul phosphate-titanium deposits. These deposits should produce a high quality igneous apatite concentrate grading 39% P2O5 with little or no contaminant. Arianne ( ) 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 66 million shares outstanding.
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Forward Looking Statements and Information
This news release contains "forward-looking statements" and "forward-looking information" within the meaning of applicable securities regulations in Canada and the United States (collectively, "forward-looking information"). The forward-looking information contained in this news release is made as of the date of this news release. Except as required under applicable securities legislation, the Company does not intend, and does not assume any obligation, to update this forward-looking information. Forward-looking information includes, but is not limited to, statements with respect to estimated mineral resources, anticipated effect of the completed drill results on the Project, timing of a feasibility study, and timing and expectations of future work programs. Often, but not always, forward-looking information can be identified by the use of words such as "plans", "expects, "is expected", "budget", "scheduled", "estimates", forecasts", "intends", "anticipates", or "believes", or the negatives thereof or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might", or "will" be taken, occur or be achieved.
CAUTIONARY NOTE TO US READERS
The SEC allows mining companies, in their filings with the SEC to disclose only those mineral deposits they can economically and legally extract or produce. Accordingly, information contained in this News Release regarding our mineral deposits may not be comparable to similar information made public by U.S. companies subject to the reporting and disclosure requirements under the United States federal securities laws and the rules and regulations of the Commission thereunder.
In particular, this News Release uses the term "indicated" resources. U.S. readers are cautioned that while that term is recognized and required by Canadian regulations, the SEC does not recognize it. U.S. investors are cautioned not to assume that any part or all of mineral deposits in this category will ever be converted into mineral reserves.
This News Release also uses the term "inferred" resources. U.S readers are cautioned that while this term is recognized and required by Canadian regulations, the SEC does not recognize it. "Inferred resources" have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian rules, estimates of inferred mineral resources may not form the basis of feasibility or pre-feasibility studies, except in rare cases. U.S. readers are cautioned not to assume that part or all of an inferred resource exists, or is economically or legally mineable.
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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.
Contacts:
Source:
Bernard Lapointe
CEO
(418) 549-7316
Information:
Jim Cowley
President
(801) 599-3789
Jed Richardson
Investor relations
(416) 840 3325
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Unternehmensinformation / Kurzprofil:
Datum: 12.01.2012 - 13:00 Uhr
Sprache: Deutsch
News-ID 103542
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SAGUENAY, QUEBEC
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Mining & Metals
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Die Pressemitteilung mit dem Titel:
"Arianne Resources: NI 43-101 Technical Report for the Lac a Paul Prefeasibility Study Now Filed"
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