The management of Arianne Resources Inc. (TSX VENTURE:DAN)(FRANKFURT:JE9N)(OTCBB:DRRSF) (“Arianne” or the “Company”) is pleased to provide 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.
The following table shows the major intersections along the boreholes obtained:
|Hole #||% P2O5||% TiO2||Length||From Xm to Ym|
|Pau-10-32||6.38||6.23||287.7||174.3 to 462||*|
|Pau-10-33||7.21||8.76||290.1||3.5 to 293.6|
|Pau-10-35||6.44||9.03||126||306 to 432||*|
|Pau-10-36||7.95||6.96||42.7||4.3 to 47|
|Pau-10-37||7.46||8.56||324.2||6.6 to 330.8|
|Pau-10-38||6.69||8.68||215.3||135.7 to 351||*|
|Pau-10-39||5.54||11.86||48||6.6 to 54.6|
|Pau-10-40||6.28||10.69||298.6||4.9 to 303.5||*|
|Pau-10-41||7.18||8.50||384.4||11.1 to 395.5|
|Pau-10-42||5.08||5.46||67.6||4.40 to 72||*|
|Pau-10-43||6.62||9.38||165.3||159.2 to 324.5||*|
|Pau-10-45||6.35||6.63||186.2||2.8 to 189|
* = hole ended in mineralization
Canada Phosphate (www.canadaphosphate.com ) is the wholly owned subsidiary of Arianne and develops Lac à Paul phosphorus-titanium deposits. These deposits will produce high quality igneous apatite concentrate grading about 40% P2O5 with little or no contaminant. Arianne(www.arianne-inc.com ) is a Canadian exploration company whose primary mission is to explore and develop gold, silver and other metals deposits in Canada and Mexico . The Company has 53 million shares outstanding.
The Company wishes to announce the departure of Mr Serge Servant as a director. Mr Servant remains as a technical advisor to the Company for a period of one year.