The Conversation (0)
Arianne Resources (CVE:DAN) reports that all the results of the latest drilling program on Manouane Zone are now available and indicate a significant increase in resources for its Lac à Paul project.
The press release is quoted as saying:
The Manouane Zone now covers an area of about 1000 metres long by 250 meters wide (up from 800 m by 200 m). The zone remains open to the east on the length. It is important to note that according to the National Instrument 43-101, the new resource calculation to be prepared by SGS Geostat Inc., for both Paul Zone and Manouane Zone, must be disclosed along with a new economic assessment of the project. The new resource calculation will therefore be included in the pre- feasibility study currently being conducted by Met-Chem Inc. and expected to be available in August.
Arianne’s President and CEO, Bernard Lapointe says:
“These drill results substantially impact the intrinsic value of the Lac à Paul Phosphate Project. The scope of the resource at hand should lead to an impressive mine life of 25 years or more.”
Click here to access the entire news release.
