The management of Arianne Resources Inc. report drilling results from the Pau Zone, one of the three mineralized zones of its Lac a Paul phosphorous-titanium property located in Quebec. The drilling campaign on the Pau Zone and Zone 2 was completed November 20, 2008 and drilling on the Man Zone will resume on January 20. In total, including the Man program, Arianne will have tested, with 5,000 meters of drilling, the three mineralized zones already known on the property.
More than 1,860 metres good for 13 drill holes were drilled on the Pau Zone while 9 drill holes (920 metres) were completed on Zone 2. The drill grid of the Pau Zone consisted of 5 North-South sections located 200 to 300 metres apart with each section including 2 to 3 drill holes spaced 100 metres. This grid tested an area covering 140,000 squared metres on a strike of 1 kilometre. In most cases, the drill holes ended in the mineralized zone down to a maximum vertical depth of 164 metres. The zone remains open at depth. The Pau Zone results are presented in the following table : http://media3.marketwire.com/docs/eng.pdf
Mr Bernard Lapointe CEO of the Company, commented those results : “Many drill holes indicate that the deposit is open at vertical depths of more than 160 metres and the results obtained so far, really exceed our expectations. We are very encouraged by those results and by the presence of better than expected grades as those obtained in drill hole Pau-08-07 which returned an average grade of 10.32% P2O5 on the entire length of the hole, or 141 metres.
Results from Zone 2 although partial, already meet our expectations. A 43-101 inferred resource calculation will be done by SGS-Geostat on the 3 zones of the Lac a Paul property next spring. Ore concentration tests are currently underway with this same firm and preliminary results from these tests show a recovery rate near 90% in apatite for a 40% concentrate of P2O5. “The Lac a Paul phosphorous concentrate will be one of high grade quality and better than the concentrates currently found on the market which grade 31% P2O5. The presence of high grades of TiO2 (Titanium) also presents a significant and important added value to the finished product” commented Mr Bernard Lapointe. It is also important to note that a mineralogic study completed in 2001 confirmed the excellent quality of the titanium ore (ilmenite) present in Zone 2.
As of today, the very encouraging results coming from this first serious exploration campaign on the Lac a Paul project combined with the interest showed by foreign companies during our visit in China, undeniably confirm the potential of our phosphorous project. The management of Arianne will now focus on successfully completing all of the technical and corporate actions required for the timely development of this project in order to maximize its market value.
Assays of the drill cores are performed by ALS Chemex in Vancouver. An assay control is also performed by Groupe SGS labs. The content of this press release was prepared by Mr. Bernard Lapointe, geo., Qualified person as defined in NI 43-101.
Arianne Resources is a Canadian exploration company with the primary mission to explore, find and develop gold, silver and phosphorous deposits in Canada and Mexico.