Arianne Phosphate (TSXV:DAN,FWB:JE9N,OTCBB:DRRSF) announced a 221% increase an updated mineral estimate for the Paul Zone. Measured and indicated resources are now 590 million metric tons. The updated mineral resource estimate includes results from drilling programs undertaken during the last quarter of 2011 and in 2012 on the lateral and depth extensions of the Paul Zone. This update includes 105 new drill holes.
As quoted in the press release:
The highlights are:
For this disclosure of resources, a cut-off grade of 4.0% P2O5, instead of 2.43% P2O5 in 2011, was used.
Although the cut-off grade is higher, the measured and indicated resources of the Paul Zone have increased by 221% compared to the last estimate released in 2011.
The measured and indicated mineral resources (M+I) of the Paul Zone amount to 590.24 Mt at 7.13% P2O5.