Arianne Resources: The Paul Zone Continues to Expand
October 23 2012 - 9:28AM
Marketwired
The management of Arianne Resources Inc. ("Arianne" or the
"Company") (TSX VENTURE:DAN)(FRANKFURT:JE9N)(OTCBB:DRRSF) is
pleased to report the latest results from drill holes completed on
the Paul Zone in the summer of 2012.
This drilling was completed to confirm the presence of
additional resources within the Paul Zone itself in order to
increase the mine life (see March 20 and September 5, 2012 press
releases). The following figure (see link http://bit.ly/TwgJUZ)
shows the mineralized envelope defined using all the results
obtained from all holes drilled in the Paul Zone. The new envelope
is considerably larger than the mineralized envelope defined by the
drilling results used for the November 2011 resource estimate, when
only 48 drill holes were used, compared to the 123 holes now
available.
New drilling is currently underway. Most of the additional drill
holes were collared in the west part of the Paul Zone. Results from
additional definition drilling will be available in early 2013 and
will be included in the new resource estimate to be used in the
Bankable Feasibility Study currently underway.
The table below lists drill intersections along core
lengths:
----------------------------------------------------------------------------
Drill hole # % P2O5 % TiO2 Core length (m) From X to Y (m)
----------------------------------------------------------------------------
Pau-12-98 7.46 7.27 390.0 12.0 to 402.0
----------------------------------------------------------------------------
including 10.28 9.63 208.3 193.7 to 402.0
----------------------------------------------------------------------------
Pau-12-99 5.22 5.49 278.0 138.0 to 416.0
----------------------------------------------------------------------------
including 7.68 7.52 44.8 222.0 to 266.8
----------------------------------------------------------------------------
and 9.36 9.03 35.0 381.0 to 416.0
----------------------------------------------------------------------------
Pau-12-100 4.54 5.17 231.0 267.0 to 498.0
----------------------------------------------------------------------------
including 6.42 7.97 54.0 444.0 to 498.0
----------------------------------------------------------------------------
Pau-12-101 10.32 11.57 8 429.0 to 437.0
----------------------------------------------------------------------------
Extension of Pau-11-54
----------------------------------------------------------------------------
Pau-12-102 3.96 4.41 155.0 155.8 to 310.8
----------------------------------------------------------------------------
including 6.42 7.97 54 444.0 to 498.0
----------------------------------------------------------------------------
Pau-12-103 4.21 4.90 75.9 3.5 to 79.4
----------------------------------------------------------------------------
Pau-12-104 5.88 5.77 281.7 57.3 to 339.0
----------------------------------------------------------------------------
including 8.36 5.92 27.8 192.0 to 219.8
----------------------------------------------------------------------------
and 8.03 8.03 106.5 232.5 to 339.0
----------------------------------------------------------------------------
Pau-12-105 5.18 5.35 225.1 165.0 to 390.1
----------------------------------------------------------------------------
including 6.00 6.11 141.1 249.0 to 390.1
----------------------------------------------------------------------------
including 7.00 7.63 51.4 338.7 to 390.1
----------------------------------------------------------------------------
Pau-12-106 4.00 4.45 180.0 222.0 to 422.0
----------------------------------------------------------------------------
including 4.65 4.94 114 222.0 to 336.0
----------------------------------------------------------------------------
and 7.39 7.27 21.8 269.8 to 291.6
----------------------------------------------------------------------------
Pau-12-107 5.47 10.9 85.4 3.0 to 88.4
----------------------------------------------------------------------------
including 7.85 12.4 39.0 3.0 to 42.0
----------------------------------------------------------------------------
Pau-12-108 Out of the zone
----------------------------------------------------------------------------
Pau-12-109 5.71 6.84 441.4 3.0 to 444.4
----------------------------------------------------------------------------
including 7.24 9.96 203.9 240.5 to 444.4
----------------------------------------------------------------------------
Pau-12-110 9.88 11.05 131.5 9.5 to 141.0
----------------------------------------------------------------------------
Pau-12-111 9.36 10.18 282.85 4.90 to 287.75
----------------------------------------------------------------------------
Pau-12-112 4.33 5.13 415.7 4.3 to 420.0
----------------------------------------------------------------------------
including 6.59 8.57 155.4 264.6 to 420.0
----------------------------------------------------------------------------
Pau-12-113 6.80 7.10 429.65 14.35 to 444.0
----------------------------------------------------------------------------
including 7.95 8.44 285.0 159.0 to 444.0
----------------------------------------------------------------------------
Pau-12-114 4.70 5.31 487.0 3.0 to 490.0
----------------------------------------------------------------------------
including 7.10 8.01 222.0 268.0 to 490.0
----------------------------------------------------------------------------
Pau-12-115 7.78 9.07 135.8 7.0 to 142.8
----------------------------------------------------------------------------
Pau-12-116 6.57 9.75 138.0 279.0 to 417.0
----------------------------------------------------------------------------
Extension of Pau-09-30
----------------------------------------------------------------------------
Pau-12-117 6.32 5.86 399.5 3.0 to 402.5
----------------------------------------------------------------------------
including 7.88 7.28 274.6 127.9 to 402.5
----------------------------------------------------------------------------
Pau-12-118 7.31 9.91 190.1 6.1 to 196.2
----------------------------------------------------------------------------
Pau-12-119 5.99 9.13 106.5 2.5 to 109.0
----------------------------------------------------------------------------
Pau-12-120 5.98 7.01 81.0 279.0 to 360.0
----------------------------------------------------------------------------
Pau-12-121 6.74 11.62 258.0 165.0 to 423.0
----------------------------------------------------------------------------
Pau-12-122 5.14 4.67 336.6 2.40 to 339.0
----------------------------------------------------------------------------
including 6.42 5.65 194.6 144.4 to 339.0
----------------------------------------------------------------------------
Pau-12-123 8.13 7.73 232.1 149.9 to 382.0
----------------------------------------------------------------------------
Mr. Daniel Boulianne, P.Geo., Qualified Person as per NI 43-101,
has approved this press release.
Arianne Resources (www.arianne-inc.com) through its wholly owned
subsidiary Canada Phosphate (www.canadaphosphate.com) owns and is
developing the Lac a Paul phosphate-titanium deposit that produces
a superior grade apatite concentrate grading close to 39% P2O5. The
Company currently has 69 M shares issued.
Follow Arianne on:
Facebook:
http://www.facebook.com/pages/Arianne-Resources-Inc/113071105425184
Twitter: http://twitter.com/arianne_dan
YouTube: http://www.youtube.com/user/ArianneResources
Flickr: http://www.flickr.com/photos/arianneresources
Resource Investing News:
http://resourceinvestingnews.com/?s=Arianne
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.
Contacts: Source: Bernard Lapointe, CEO (418)
549-7316bernard@arianne-inc.com Info: Jim Cowley, President (801)
599-3789jim@arianne-inc.com Louis Morin, Investor Relations (514)
845-1101lmorin@thebidcapitalmarkets.com
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