Arianne Resources Inc.: Expansion of the Paul Zone to 2.7 km Strike Length
(firmenpresse) - SAGUENAY, QUEBEC -- (Marketwire) -- 09/05/12 -- The management of Arianne Resources Inc. ("Arianne" or the "Company") (TSX VENTURE: DAN)(FRANKFURT: JE9N)(OTCBB: DRRSF) is pleased to report the latest results from its exploration drilling program, completed last April on the Paul Zone on the Lac a Paul Phosphorus-Titanium Project.
The drilling program, totalling 3,856 metres in 15 holes (Pau-12-83 to Pau-12-97), was mainly designed to test the westward extension of the Paul Zone. Results from drill holes Pau-12-84 to 95 have now expanded the length of phosphorus and titanium mineralization in the Paul Zone by an additional 700 metres. The Paul Zone now has a confirmed length of more than 2.7 km. A new resource calculation to include this drilling data will be completed as part of the Bankable Feasibility Study now being conducted on behalf of Arianne by Cegertec WorleyParsons. The Paul Zone remains open at a vertical depth of 400 metres.
These drill holes were designed to test a new area along the magnetic anomaly associated with the Paul Zone. This anomaly extends over more than 4 km strike length (see figure at the following address: ). For the first resource calculation used in the Prefeasibility Study, the anomaly was tested on a length of only 1.3 km.
The table below shows the intersections obtained along the holes drilled on the Paul Zone with available analytical results:
Arianne Resources (), through its wholly-owned subsidiary Canada Phosphate (), is developing the Lac a Paul phosphorus-titanium deposits to produce high-quality apatite concentrate grading 39% P2O5. Arianne Resources is also actively exploring its properties with strong potential for gold, silver and other metals in Canada and Mexico. The Company has 68 M shares outstanding.
Mr. Daniel Boulianne, P.Geo., Qualified Person as per NI 43-101, has approved this press release.
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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
Info:
Jim Cowley, President
(801) 599-3789
Louis Morin
Investor Relations
(514) 845-1101
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Datum: 05.09.2012 - 12:00 Uhr
Sprache: Deutsch
News-ID 180351
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SAGUENAY, QUEBEC
Kategorie:
Mining & Metals
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"Arianne Resources Inc.: Expansion of the Paul Zone to 2.7 km Strike Length"
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