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Arianne announces TraMan Zone mineral resource estimate(1) of 146 million tonnes at 5.30 % P2O5 inferred
- Additional inferred resource (1) of 17 million tonnes at 5.98 P 2 O 5 from Traverse...
About this update from Arianne Phosphate Inc.
[{"type":"text","content":"\n\n\n- Additional inferred resource (1) of 17 million tonnes at 5.98 P2O5 from Traverse zone - \n\n\n\n\n\nDAN: TSX-V (Canada)\nJE9N: FSE (Germany)\nDRRSF: OTC BB (USA) \n\n\nSAGUENAY, QC, July 16, 2014 /CNW/ - Arianne Phosphate (the \"Company\" or \"Arianne\") (TSX VENTURE: DAN)\n (FRANKFURT: JE9N) (OTCBB: DRRSF), a development-stage phosphate company advancing the Lac à Paul Project\n in Quebec, is pleased to report the addition of 146 million tonnes at\n 5.30% P2O5 with a 3.5% P2O5 cut-off grade from the South TraMan Zone in the inferred category to its\n mineral resources.  In addition, the Company has identified a new\n inferred resource from the Traverse zone of 17 million tonnes at 5.98%\n P2O5 at 3.5% P2O5 cut-off grade.(1)\n\n\nThe indication of this additional 163 million tonnes at 5.37% P2O5 of inferred resources at the South TraMan and the Traverse Zones along\n with the 78 million tonnes at 5.34% P2O5 of inferred resource at Nicole Zone and a mineral potential target of\n between 260 and 390 million tonnes, with grades ranging from 5.34% to\n 7.13% P2O5, near the Paul Zone (press released May 15, 2014) (1) could be of significant benefit to Arianne's operations and deserves\n additional investigative work.\n\n\n(1) Cautionary Statements: Mineral Resources that are not Mineral\n Reserves do not have demonstrated economic viability. That it is\n uncertain if further exploration will result to upgrade this inferred\n resource at indicated and measured resource. The potential quantity and\n grade reported as Mineral Potential, is conceptual in nature, that\n there has been insufficient exploration to define a mineral resource\n and that it is uncertain if further exploration will result in the\n target being delineated as a mineral resource.\n\n\nAs per the Feasibility Study at the Lac à Paul Project (released October\n 24, 2013), the Paul deposit alone currently has proven and probable\n reserves of 472 million tonnes of ore at 6.90% P2O5 and is projected to have a mine life of roughly 26 years.\n\n\n\"The results from our TraMan drilling program in winter 2014 and\n Traverse program in 2011 brings us one step closer to achieving our\n goal of a 50-year mine life at our world-class Lac à Paul Project,\" (2) stated Brian Kenny, Chief Executive Officer at Arianne Phosphate.\n \"While additional drill...