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Arianne Phosphate (TSXV:DAN,FWB:JE9N,OTCBB:DRRSF) announced an updated resource estimate on its Paul Zone: 668 million tonnes at 7.01% P2O5 with a 4.0% P2O5 cut-off grade in the measured & indicated category; and a new inferred resource of 38 million tonnes at 6.13% P2O5 at 4.0% P2O5 cut-off grade.
As quoted in the press release:
The Paul Zone is the main zone of the Phosphate Lac à Paul Project. According to the Company’s Feasibility Study (released October 24, 2013), the Paul deposit alone currently has proven and probable reserves of 472 million tonnes of ore at 6.90% P2O5 (cut-off grade of 3.5% P2O5) and is projected to have a mine life of roughly 26 years. The mineral resource estimate (released March 7, 2013) which was used to establish these reserves reported 590 Mt of measured and indicated resources at 7.13% P2O5 with a cut-off grade of 4% P2O5.
Click here to read the Arianne Phosphate (TSXV:DAN,FWB:JE9N,OTCBB:DRRSF) press release
Click here to see the Arianne Phosphate (TSXV:DAN,FWB:JE9N,OTCBB:DRRSF) profile.