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Arianne receives Nicole Zone mineral resource estimates(1) of 78 million tonnes at 5.34% P2O5 inferred
- Additional potential target (1) of between 260 to 390 million tonnes with a P 2 O 5 g...
About this update from Arianne Phosphate Inc.
[{"type":"text","content":"\n\n\n- Additional potential target (1) of between 260 to 390 million tonnes with a P2O5 grade range of 5.34 to 7.13% P205 - near-surface within 1km from Paul zone -\n\n\nDAN: TSX-V (Canada)\nJE9N: FSE (Germany)\nDRRSF: OTC BB (USA) \n\n\n\n\n\nSAGUENAY, QC, May 15, 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 78 million tonnes at\n 5.34% P2O5 in the inferred category at 3.5% P2O5 cut-off grade to its mineral resources. In addition, the Company has\n identified a new potential target in the range of between 260 and 390\n million tonnes with grades ranging from 5.34% to 7.13% P2O5. The potential quantity and grade of the target is conceptual in nature\n as there has been insufficient exploration to define a mineral\n resource. It is uncertain if further exploration will result in the\n target being delineated as a mineral resource.\n\n\nAs per Feasibility Study at the Lac à Paul Project (released October 24,\n 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. The\n indication of an additional 78 million tonnes of inferred resources at\n Nicole along with the potential target of between 260 and 390 million\n tonnes could be of significant benefit to Arianne's operations and\n deserves additional investigative work.\n\n\n\"We are very excited about the additional inferred mineral resources in\n Nicole and the new potential target which has been identified. We are\n also anxious to understand how beneficial the overall impact of these\n finds may be to our Company given that these zones lie between our Paul\n and Manouane deposits,\" stated Brian Kenny, Chief Executive Officer of\n Arianne. \"What we already know is that these additional inferred\n near-surface mineral resources in Nicole could further reduce the\n already low stripping ratio of our mining operation and thus improve\n the economics of the project as a whole.  Nicole is ideally located\n right beside Paul and could allow seamless integration into our current\n mining plan put forth in our bankable feasibility study. Additional\n drilling...