Arianne Resources announced drilling results from its Lac à Paul phosphate/titanium property located in Quebec, Canada. This campaign included 18 drill holes for a total of 3,590 metres (PAU-09-14 to PAU-09-31) and took place exclusively on the Paul Zone. The objective was to upgrade a section of the inferred resources of this zone (99.3 Mt of ore grading 7.84% P2O5 and 8.24% TiO2) into indicated resources. Highlights include hole PAU-09-15 intersecting 5.64% P2O5, 6.55% TiO2 over 96.0 meters from 3.0 meters. The mineralized zone reaches a minimal vertical depth of 240 m and remains open at depth.
Arianne Resources announced the SEDAR filing of its NI-43-101 scoping study from its phosphate-titanium Lac à Paul deposit in Saguenay-Lac-St-Jean, Quebec, Canada. According to the author of the study, the Lac à Paul project is profitable assuming that the phosphate concentrate is sold at a price higher than $100 CDN/ton. The economic model shows that for a selling price of
$118 CDN/ton of concentrate, the internal rate of return would be 20%.
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.
Professional or Advanced
