Arianne Resources announced the first economic and profit estimates for the Lac à Paul phosphorus-titanium project in Quebec, Canada. The scoping study was done by IOS Services Géoscientifiques Inc. and is based on the inferred resource calculation previously provided by SGS Geostat Inc., in March 2009. The resource estimate for a total of 3 Zones, given a 2% P2O5 cut-off grade, is estimated at 304 Million tons of inferred resources at 6.18 % P2O5 and 7.81 % TiO2.
Arianne Resources announced the start of its second definition drilling campaign on one of the Lac à Paul deposits in Quebec, Canada. This 3,500-meter campaign will take place on the Paul Zone where inferred resources of 99 Mt at 7.84% P2O5 and 8.24% TiO2 have been previously announced. The goal of this program is to upgrade part of the inferred resource to an indicated resource and to test the lateral extensions of the deposit.
Arianne Resources announced preliminary exploration results on the Lac à Paul property in Saguenay-Lac-St-Jean, Quebec, Canada. This campaign resulted in the discovery of many new zones mineralized in apatite (P2O5) and ilmenite (TiO2). On the property, 380 samples were extracted by hammer. From the 231 results obtained, grades returned up to 16 % P2O5 and 24 % TiO2 . 35 samples returned more than 5 % P2O5 and 16 samples returned more than 6 % P2O5.
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