Posted in | News | Phosphates | Mining Business

Arianne Resources Provides Operational Update on Lac à Paul Phosphate Project

Feb 24 2011

The management of Arianne Resources Inc. (TSX VENTURE:DAN)(FRANKFURT:JE9N)(OTCBB:DRRSF) has provided the following operational update of its work on the Paul Zone, one of two main deposits of Lac à Paul Phosphate Project. The mineralized zone is identified as having a length of 1,200m by 200m wide and remains open to a vertical depth of 400 m.

More than 4,125m of drilling was completed. The Company has received assay results from 14 of the 17 boreholes. One goal of this campaign was to confirm the continuity of the mineralized zone, as part of the process of upgrading the current inferred resources to the indicated category. The holes were drilled at an angle to better define the mineralized envelope. All of the updated results will be incorporated into the geological model developed by SGS Geostat, and a new resource calculation on the Paul Zone will be available for the coming pre-feasibility study.

Source:

Arianne Resources Inc.

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