Arianne Phosphate Releases New Resource Estimate for Paul Zone

Arianne Phosphate (TSXV:DAN) has released an updated resource estimate for the Paul zone at its Lac à Paul phosphate project in Quebec. The new estimate totals 702.7 million tonnes at 7.16 percent P2O5 with a 4.0 percent P2O5 cut-off grade for measured and indicated resources.

As quoted in the press release:

Through further exploration activities completed last fall, Arianne has identified new measured and indicated resources on Paul Eastern Extension of 12.5 million tonnes at 6.31% P2O5 with a 4.0% P2O5 cut-off grade. (1) Additionally, an updated resource estimate from the remodeling on Paul Zone and its Western Extension now amount to 690.2 million tonnes at 7.18% P2O5 with a 4.0% P2O5 cut-off grade in the measured & indicated category. In total, Arianne’s updated resource estimate now shows a 5% increase in measured and indicated resources (702.7 Mt vs 668.7 Mt) over its previously announced resources released on October 14th of 2014.

Arianne COO, Jean-Sebastien David, said:

The work that we have done, and results that we have received, continue to expand what is already one of the world’s largest Greenfield phosphate rock projects. One of the goals we had looked to accomplish for the Company was the ability to show a 50 year life of mine and, as drilling has expanded the Paul Zone to the west and now to the east, we certainly continue to advance towards that goal.

Click here to read the Arianne Phosphate (TSXV:DAN) press release