Business
Arianne Phosphate completes drilling on western extension of Paul Zone
- Confirms its potential - - The Paul Zone extends an additional 1.1 km further West...
About this update from Arianne Phosphate Inc.
[{"type":"text","content":"\n\n\n- Confirms its potential - \n- The Paul Zone extends an additional 1.1 km further West -\n- A new promising mineralised zone (TraMan) is recognised on the Lac à\n Paul Project - \n\n\n\n\n\nDAN: TSX-V (Canada)\nJE9N: FSE (Germany)\nDRRSF: OTC BB (USA)\n\n\nSAGUENAY, QC, June 12, 2014 /CNW/ - Arianne Phosphate (the \"Company\" or\n \"Arianne\") (TSX VENTURE: DAN) (FRANKFURT: JE9N) (OTCBB: DRRSF), a\n development-stage phosphate company advancing the Lac à Paul Project in\n Quebec, is pleased to report that the latest results from its\n exploration drilling program, on the western extension of the Paul\n Zone, has met with success, extending the zone an additional 1.1 km\n along the strike.  When added to the previously defined Paul Zone\n (released 23 October 2012, with a strike length of 2.7 km), this latter\n is now recognised on a 3.8 km strike length. Further, the Company also\n completed its first stage of drilling at its TraMan Zone showing very\n promising initial results.\n\n\nBased on the potential targets highlighted through an airborne magnetic\n survey, Arianne drill tested an area west of the current Paul Zone. \n All drill holes intersected mineralization and numerous holes returning\n results of higher than 7% P2O5 (see table below), extending the Paul Zone an additional 1.1 km strike\n length.  As shown in the diagram(s) below, this western extension is\n directly adjacent to the Paul deposit which is currently capable of a\n 26 years life of mine, as defined in the Company's BFS (released 24\n October 2013).  Arianne, over the coming weeks, will perform the\n required modelling work to more specifically estimate these new\n resources in the western extension of the Paul Zone.\n\n\n\"We are very pleased with the results from our winter 2014 drilling\n program\" stated Brian Kenny, Chief Executive Officer of Arianne. \n \"These results, taken in conjunction with the earlier potential targets\n (see the press release of May 15, 2014) are certainly showing the\n capability to increase the size of the asset.  Given that the\n mineralised intersections are near-surface and continuous to the Paul\n Zone, we are confident that additional definition drilling should\n enable us to upgrade to a resource level and incorporate this into our\n projected mining plan. Already one of ...