Arianne Phosphate (TSXV:DAN,FWB:JE9N,OTCBB: DRRSF) announced the addition of 146 million tonnes at 5.30 percent P2O5 with a 3.5 percent P2O5 cut-off grade from the South TraMan Zone in the inferred category to its mineral resources. Furthermore, Arianne has identified a new inferred resource from the Traverse zone of 17 million tonnes at 5.98 percent P2O5 at 3.5 percent P2O5 cut-off grade.
As quoted in the press release:
The indication of this additional 163 million tonnes at 5.37% P2O5 of inferred resources at the South TraMan and the Traverse Zones along with the 78 million tonnes at 5.34% P2O5 of inferred resource at Nicole Zone and a mineral potential target of between 260 and 390 million tonnes, with grades ranging from 5.34% to 7.13% P2O5, near the Paul Zone (press released May 15, 2014) (1) could be of significant benefit to Arianne’s operations and deserves additional investigative work.
Arianne CEO, Brian Kenny, said:
The results from our TraMan drilling program in winter 2014 and Traverse program in 2011 brings us one step closer to achieving our goal of a 50-year mine life at our world-class Lac à Paul Project. While additional drilling will be required to upgrade these resources and incorporate them into the project mine plan, the results are encouraging and demonstrate Lac à Paul’s potential as one of the world’s largest greenfield phosphate projects.