Arianne Successfully Completes Definition Drilling on the Paul Zone, Quebec, Canada
SAGUENAY, QUEBEC - (Dec. 1, 2009) - The management of Arianne Resources Inc. ("Arianne" or the "Company") (TSX VENTURE:DAN) (FRANKFURT:JE9N) (OTCBB:DRRSF) is pleased to announce the completion of the definition drilling campaign that took place on its Lac A Paul property located in the province of Quebec, Canada. The campaign that consisted of 18 drill holes totaling 3,593 metres, was completed on November 20 and results seem very encouraging.
This campaign took place on the Paul Zone in order to upgrade a section of the inferred resource (99,3 Mt of ore grading 7.84% P2O5 and 8.24% TiO2) into indicated resources, a resource category that shows a higher degree of confidence according to the NI 43-101 standard. The heart of the deposit remains the most mineralized and drill holes down to a vertical depth of 225 metres indicate that the deposit remains open at depth. All samples were sent to IOS Services Geoscientifiques Inc. of Chicoutimi for crushing and preparation and then sent to ALS Chemex of Vancouver. The assay results will be released at the start of 2010 and a new resource estimate will follow.
Arianne Resources released on November 20, 2009, very promising results from a scoping study that provided an initial profitability estimate for the project. Its profit potential mainly rests on low transportation costs of the ore from the mine to the train and to the deep water port.
The Company wants to produce a complete pre-feasibility study in order to develop this project as fast as possible and sell this asset to a major fertilizer producer. The focus for the coming months will be to increase the resource and advance the pre-feasibility study.
Arianne has 22 millions shares issued. The content of this press release was prepared by Mr. Bernard Lapointe, geo. and Qualified Person under NI 43-101.
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.
