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Message: Arianne Resources - NI 43-101: 304 Million Tons of Phosphorus and Titanium

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Arianne Resources - NI 43-101: 304 Million Tons of Phosphorus and Titanium

posted on Mar 25, 09 06:32AM

Fantastic news from our client, Arianne Resources, today. Arianne announced the much anticipated results of a resource estimate from its Lac a Paul phosphorus-titanium property, located in Saguenay-Lac-St-Jean, Quebec, Canada.

The highlights, as well as, a quote from CEO Bernard Lapointe are below:

Paul Zone : 99.30 Million tons of inferred resources at 7.84 % P2O5 and 8.24 % TiO2
Manouane Zone : 140.60 Million tons of inferred resources at 5.77 % P2O5 and 9.01 % TiO2
Zone 2: 64.10 Million tons of inferred resources at 4.52 % P2O5 and 4.51 % TiO2

Total of 3 Zones; 304 Million tons of inferred resources at 6.18 % P2O5 and 7.81 % TiO2

Also of note it the fact that this resource estimate only accounts for 3 of the numerous mineralized zones on the Lac a Paul property, and with an exploration budget of 1.5 M$ Arianne will be looking to further advance this property with additional exploration work.

Arianne Resources CEO, Mr. Bernard Lapointe stated that he is “confident to demonstrate that the Lac a Paul phosphorus deposit will become an exploitable world class deposit for this resource."

Click here to view full press release

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