SAGUENAY, QC, Feb. 12, 2014 - Arianne Phosphate (the “Company” or “Arianne”) (TSX VENTURE: DAN) (FRANKFURT: JE9N) (OTCBB: DRRSF) is pleased to announce that an additional test program for the Paul Zone phosphate ore is currently under way at COREM, Quebec. A 120-tonne bulk sample of ore was delivered to COREM in late 2013. The tests will continue through spring 2014, and will allow several additional pilot-scale testing campaigns.
The goal of this additional work is to finalize the process flow sheet, which will enable Arianne to start detail engineering in H2 2014. The planned tests will also allow Arianne to analyze new lower cost reagent suites, and in addition allow final sizing and type selection of the process equipment to optimize the excellent performance of our current metallurgical process.
Earlier tests performed at Corem on ore from the Paul Zone were very positive and had already confirmed the potential of column flotation for obtaining a phosphate concentrate (apatite) containing about 39% P2O5 with a recovery rate of 90% (see press release of May 21, 2013).
According to Brian Kenny, Chief Executive Officer of the Company, “After the excellent performance of metallurgical tests at COREM in early 2013, our goal is to optimize ore processing. This will allow us to begin detail engineering later this year, and we are confident the results will further improve the outstanding quality of our world-class Lac à Paul project.”
In other news, Arianne announces that Mrs. Nadège Tollari has stepped down as Vice-President, Business Affairs in order to pursue other opportunities. The Company would like to thank Mrs. Tollari for her many years of service and wishes her the best of luck on her future endeavours.
About Arianne Phosphate
Arianne Phosphate (“Arianne Phosphate Inc.”) (www.arianne-inc.com) is developing the Lac à Paul phosphate deposits located approximately 200 km north of the Saguenay/Lac St. Jean area of Quebec, Canada. These deposits will produce a high quality igneous apatite concentrate grading 39% P2O5 with little or no contaminants. The Company has 85.2 million shares outstanding.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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Forward Looking Statements and Information
This news release contains “forward-looking statements” and “forward-looking information” within the meaning of applicable securities regulations in Canada and the United States (collectively, “forward-looking information”). The forward-looking information contained in this news release is made as of the date of this news release. Except as required under applicable securities legislation, the Company does not intend, and does not assume any obligation, to update this forward-looking information. Forward-looking information includes, but is not limited to, anticipated effect of the additional metallurgical tests on the Project, and timing and expectations of future work programs. Often, but not always, forward-looking information can be identified by the use of words such as “plans”, “expects, “is expected”, “budget”, “scheduled”, “estimates”, forecasts”, “intends”, “anticipates”, or “believes”, or the negatives thereof or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might”, or “will” be taken, occur or be achieved. Any forward-looking statement speaks only as of the date on which it is made and except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement.