Arianne announces a new 43-101 mineral resources estimate On the Paul zone totaling 702.7 mt at 7.16% p2o5 (m+i)

EARLY EXPLORATION UNCOVERS two new interesting sectors (Naja and Mini-Paul Zones)

SAGUENAY, QUEBEC - (February 18, 2015) - Arianne Phosphate (the “Company” or “Arianne”) (TSX VENTURE: DAN) (FRANKFURT: JE9N) (OTCBB: DRRSF), a development-stage phosphate mining company, advancing the Lac à Paul project in Quebec’s Saguenay-Lac-Saint-Jean region is pleased to report an updated NI 43-101 resource estimate on its Paul Zone totaling 702.7 million tonnes at 7.16% P2O5 with a 4.0% P2O5 cut-off grade in the measured & indicated category. (1) This NI 43-101 updated resource estimate was completed by GoldMinds Geoservices Inc., based on last fall’s diamond drilling campaign (Paul Eastern Extension) and a complete geological remodeling of the Paul Zone (Paul and its Western Extension).

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% P 2O5 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.

“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” said Jean-Sebastien David, Arianne Phosphate’s COO. “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.” (2)

The total combined mineral resources estimate for Paul’s main Zone and both its extensions is shown in Table 1 broken down by category.

Table 1: Paul Zone, Eastern & Western Extensions Mineral Resource Estimate*

Mineral Resource Estimate

Paul Zone + Eastern Ext.+ Western Ext.

P2O5 %

TiO2 %

Ktonnes

Inferred(3)

6.58

6.39

26 010

Indicated(1)

7.05

7.66

385 060

Measured(1)

7.29

7.78

317 640

Indicated + Measured(1)

7.16

7.71

702 700

* Table contains rounded numbers

Along with Paul Eastern extension, Mini-Paul and Naja underwent surface exploration work during summer 2014. Moreover, Naja Zone was tested with one diamond drill hole during the fall campaign. It is believed that both Mini-Paul and Naja show strong potential for phosphate occurrence, Figure 1 locates those 3 areas.

Figure 1: Locations of the Mineralized Zones in Paul's Area

Paul Eastern Extension

The drilling program on Paul Eastern Extension totalled 2 782 meters over 14 holes (PAU-14-170 to PAU-14-183). It had been designed to test the aeromagnetic anomaly associated with this sector. A total of seven (7) sections spaced between 100 to 300 meters were drilled over 1.2 km along the anomaly. Figure 2 shows the drill holes locations and the drill sections, while coordinates and technical data are shown in Table 2 below.

 

Figure 2: Drill Holes and Drill Sections Location on Paul Eastern Extension

Table 2: Paul Eastern Extension Drill Holes Coordinates and Technical Data

# Drill Hole

UTM_E Nad 83

UTM_N Nad 83

Azimuth

Dip

Length (m)

Nb of samples

Cross Section

PAU-14-170

375993

5529072

180⁰

-45⁰

150

38

S10+50E

PAU-14-183

376011

5529163

179⁰

-55⁰

198

32

               

PAU-14-171

376132

5529109

180⁰

-45⁰

279

92

S12E

PAU-14-172

376142

5529040

176⁰

-45⁰

162,4

59

               

PAU-14-174

376338

5529143

180⁰

-45⁰

261

99

S14E

PAU-14-175

376328

5529054

181⁰

-45⁰

185

29

               

PAU-14-173

376416

5528884

004⁰

-45⁰

294

63

S15E

PAU-14-176

376416

5529019

015⁰

-45⁰

181,5

62

PAU-14-177

376443

5528929

005⁰

-45⁰

255

100

               

PAU-14-178

376627

5528930

190⁰

-45⁰

126

51

S17E

PAU-14-179

376620

5528968

007⁰

-45⁰

249

76

PAU-14-180

376865

5528799

211⁰

-45⁰

201

41

S20E

PAU-14-181

376838

5528719

217⁰

-45⁰

96

35

               

PAU-14-182

377004

5528634

201⁰

-45⁰

144

52

S22E

There were 830 samples (including QA/QC procedures) sent to ALS Chemex Inc. in Val d’Or to be analysed for major elements, including P2O 5, by the ME-XRF06 method.

 

Table 3 below shows the intersections obtained along drill holes (true width are roughly 70 % of the intersection length) on the Paul Eastern Extension, with P2O5 grades obtained. Overburden averages 2.8 vertical meters but can reach up to 7 meters.

Table 3 : Intersections along Drill Holes on Paul Eastern Extension

 

Drill Hole

From (m)

To (m)

Length along the drill hole (m.)

P2O5 (%)

PAU-14-170

3.40

17.50

14.10

5.26

PAU-14-171

66.70

103.80

37.10

7.26

PAU-14-172

98.60

105.10

6.50

8.48

PAU-14-173

167.00

205.70

38.70

3.92

including

167.00

174.30

7.30

5.00

and

177.50

183.60

6.10

6.63

and

199.50

205.70

6.20

10.06

PAU-14-174

14.00

126.80

112.80

8.01

PAU-14-175

3.30

37.60

34.30

5.24

and

45.50

50.60

5.10

8.52

and

58.00

75.30

17.30

4.77

and

125.70

138.00

12.30

4.42

PAU-14-176

24.60

126.00

101.40

5.89

including

86.60

126.00

39.40

7.78

PAU-14-177

7.00

219.20

212.20

5.77

including

7.00

34.10

27.10

7.06

and

144.00

216.00

72.00

7.92

PAU-14-178

4.00

36.00

32.00

3.19

and

52.50

75.70

23.20

7.88

PAU-14-179

78.40

137.40

59.00

4.57

and

142.30

211.00

68.70

6.49

PAU-14-180

62.30

93.00

30.70

3.65

including

69.00

81.20

12.20

5.06

PAU-14-181

11.20

27.00

15.80

5.27

and

67.20

72.90

5.70

3.63

PAU-14-182

4.50

29.50

25.00

6.46

PAU-14-183

38.20

59.90

21.70

10.30

including

113.40

119.50

6.10

6.98

 

The mineral resource estimate on Paul Eastern Extension (

Table 5) considers diamond drill holes (Pau-14-170 to Pau-14-183) and 44 trenches (locations in Table 4), a fixed density of 3.41 t/m³, the LIDAR 3D topographic survey, high resolution airborne magnetic geophysical survey (HeliMAGerTM) completed in February 2014, variable search ellipsoids with steeply South dipping axis in accordance to the axis defined by the magnetic survey, and using the first primary derivative for contacts and extents.

Table 4: Paul Eastern Extension Trenches Locations

# Trench

UTM_E Nad 83

UTM_N Nad 83

Azimuth

Length (m)

TRC-PAU-14-01_R-1

376265

5529083

330

5

TRC-PAU-14-01_R-2

376266

5529090

350

10

TRC-PAU-14-01_R-3

376264

5529100

345

5

TRC-PAU-14-02_R-1

376358

5528994

20

10

TRC-PAU-14-02_R-2

376368

5529017

15

7

TRC-PAU-14-02_R-3

376371

5529023

10

10

TRC-PAU-14-03_R-1

376373

5528928

15

8

TRC-PAU-14-03_R-2

376376

5528936

15

2

TRC-PAU-14-03_R-3

376374

5528941

32

3

TRC-PAU-14-03_R-4

376372

5528947

48

1.5

TRC-PAU-14-03_R-5

376373

5528949

48

2

TRC-PAU-14-03_R-6

376374

5528951

48

1.25

TRC-PAU-14-03_R-7

376374

5528952

29

5

TRC-PAU-14-03_R-8

376368

5528960

20

24

TRC-PAU-14-04_R-1

376300

5528914

30

4

TRC-PAU-14-04_R-2

376300

5528918

28

11

TRC-PAU-14-05_R-1

376484

5528920

65

1

TRC-PAU-14-05_R-2

376485

5528920

110

2

TRC-PAU-14-05_R-3

376485

5528925

81

4

TRC-PAU-14-05_R-4

376488

5528923

1

2

TRC-PAU-14-06_R-1

376545

5528999

345

2.5

TRC-PAU-14-06_R-2

376546

5529003

345

3

TRC-PAU-14-06_R-3

376548

5529007

345

3

TRC-PAU-14-06_R-4

376550

5529011

345

2.5

TRC-PAU-14-07_R-1

376624

5528844

54

8

TRC-PAU-14-07_R-2

376633

5528849

20

2

TRC-PAU-14-07_R-3

376633

5528852

20

2

TRC-PAU-14-07_R-4

376635

5528853

20

7

TRC-PAU-14-08_R-1

377129

5528709

10

10

TRC-PAU-14-08_R-2

377134

5528719

355

4.5

TRC-PAU-14-09_R-1

376239

5529041

352

5

TRC-PAU-14-09_R-2

376240

5529046

340

2

TRC-PAU-14-09_R-3

376240

5529049

354

3

TRC-PAU-14-09_R-4

376241

5529052

354

3

TRC-PAU-14-09_R-5

376243

5529058

351

2

TRC-PAU-14-10_R-1

376408

5529035

248

5.7

TRC-PAU-14-10_R-2

376405

5529039

25

3.7

TRC-PAU-14-10_R-3

376407

5529042

8

4.5

TRC-PAU-14-10_R-4

376411

5529046

351

2

TRC-PAU-14-10_R-5

376410

5529048

333

3.3

TRC-PAU-14-10_R-6

376408

5529053

333

4

TRC-PAU-14-10_R-7

376409

5529057

340

5.5

TRC-PAU-14-10_R-8

376410

5529062

350

5.5

TRC-PAU-14-10_R-9

376408

5529068

5

3.2

 

Table 5 : Mineral Resource Estimate of the Paul Eastern Extension using a cut-off grade of 4.0% P2O5 *

 

Mineral Resource Estimate

Paul Eastern Extension

P2O5 %

TiO2 %

Ktonnes

Inferred(3)

6.46

6.19

12 520

Indicated(1)

6.32

6.02

12 390

Measured(1)

5.30

6.41

90

Indicated + Measured(1)

6.31

6.03

12 480

* Table contains rounded numbers

Data used for the estimate for Paul Eastern Extension:

- Fourteen (14) diamond drill holes on Paul Eastern Extension (Pau-14-170 to Pau-14-183);

- Forty four (44) trenches;

- Total drilled length of 2 782 meters;

- Total trenched length of 215 meters;

- 940 assay results for P2O5, TiO2, SiO2, Fe2O3, AL2O3, CaO, K 2O, Na2O, MnO & MgO;

- 857 deviation data;

- 263 lithological description records.

Parameters for the estimate are:

- 3 meters Composites;

- Rectangular blocks of 10mE x 10mN x 15mZ meters;

- The Paul Eastern Extension is currently modelized using a single envelope.

- A fixed density of 3.41 t/m³

- Grades were estimated using inverse distance squared interpolation. For the Paul Eastern Extension four (4) runs with the following parameters were used: runs one and two with a number of composites limited to fifteen (15) and to a minimum of 10 with a maximum of five (5) from the same drill hole. Passes three and four with a number of composites limited to fifteen (15) and to a minimum of five (5) with a maximum of five (5) from the same drill hole.

- A variable direction search ellipsoid was used for the grade estimation. For run one (1) the search ellipse size is 150 x 150 x 35 meters; the search ellipses were identical for passes two (2) and three (3) 250 x 250 x 50; for the pass four (4) a larger ellipse was used 350 x 350 x 75m.

- The classification parameters were:

o Measured with at least two (2) drill holes within a 30 x 30 x 15 m variable direction ellipse. Minimum of 8 composites.

o Indicated with at least two (2) drill holes in a 100 x 100 x 50 m variable direction ellipse. Minimum of 6 composites.

o Inferred with a drill hole with five (5) composites in 180 x 180 x 90 m variable direction ellipse.

QA/QC procedures included blanks and standards are in line with expected values.

Description of the Updated Mineral Resources

Diamond drill holes (Pau-08-01 to Pau-14-169), eight (8) trenches (locations in Table 6 and Table 7), mineralized envelopes related fixed densities were used to update mineral resource estimate on the Paul Zone and its Western Extension (Table 8 to Table 10). Also, the LIDAR 3D topographic survey, high resolution airborne magnetic geophysical survey (HeliMAGerTM) completed in February 2014 and variable search ellipsoids with steeply South dipping axis in accordance to the axis defined by the magnetic survey, using the first primary derivative for contacts and extents, were used.

Table 6: Paul Trenches Locations

# Trench

UTM_E Nad 83

UTM_N Nad 83

Azimuth

Length (m)

DEC-PAU-13-04-EXT_R-1

375564

5529213

10

5

DEC-PAU-13-04-EXT_R-2

375560

5529218

4

13

Table 7: Paul Western Extension Trenches Locations

# Trench

UTM_E Nad 83

UTM_N Nad 83

Azimuth

Length (m)

DEC-PAU-14-10_R-1

372430

5529757

25

8.8

DEC-PAU-14-10_R-2

372433

5529765

358

3

DEC-PAU-14-10_R-3

372437

5529767

15

25.3

DEC-PAU-14-10_R-4

372443

5529791

12

12.3

DEC-PAU-14-10_R-5

372442

5529806

6

2

DEC-PAU-14-10_R-6

372444

5529807

2

3


 

Table 8: Mineral Resource Estimate of the Paul Zone and its Western Extension using a cut-off grade of 4.0% P2O5 *

Mineral Resource Estimate

Paul Zone + Western Extension

P2O5 %

TiO2 %

Ktonnes

Inferred(3)

6.68

6.58

13 490

Indicated(1)

7.08

7.71

372 670

Measured(1)

7.29

7.78

317 550

Indicated + Measured(1)

7.18

7.78

690 220

Table 9: Mineral Resource Estimate of the Paul Zone using a cut-off grade of 4.0% P2O5 *

Mineral Resource Estimate

Paul Zone

P2O5 %

TiO2 %

Ktonnes

Inferred(3)

6.63

6.44

10 570

Indicated(1)

7.08

7.73

357 990

Measured(1)

7.28

7.78

314 360

Indicated + Measured(1)

7.18

7.76

672 350

 

Table 10: Mineral Resource Estimate of the Western Extension using a cut-off grade of 4.0% P2O5 *

Mineral Resource Estimate

Western Extension

P2O5 %

TiO2 %

Ktonnes

Inferred(3)

6.88

7.08

2 920

Indicated(1)

6.96

7.17

14 680

Measured(1)

8.06

8.08

3 190

Indicated + Measured(1)

7.16

7.33

17 870

* Note that tables contain rounded numbers

Data used for the estimate of Paul Zone and its Western extension:

- One hundred sixty (160) diamond drill holes on Paul Zone (Pau-08-01 to Pau-14-160);

- Two (2) trenches on Paul Zone;

- Total drilled length on Paul Zone of 40 653 meters;

- Total trenched length on Paul Zone 18 meters

- 13 587 assay results for P2O5, TiO2, SiO2, Fe2O3, AL2O3, CaO, K 2O, Na2O, MnO & MgO;

- 4 460 deviation data;

- 1 415 lithological description records.

- Nine (9) diamond drill holes on Western Extension (Pau-14-161 to -169);

- Six (6) trenches on Western Extension;

- Total drilled length on Western Extension of 1 323 meters;

- Total trenched length on Western Extension of 54 meters

- 475 assay results for P2O5, TiO2, SiO2, Fe2O3, AL2O3, CaO, K 2O, Na2O, MnO & MgO;

- 412 deviation data; and,

- 65 lithological description records.

Parameters for the estimate are:

- 3 meters Composites;

- Rectangular blocks of 10mE x 10mN x 15mZ meters;

- The Paul Zone is divided into three envelopes (Figure 3): nelsonite, mineralized anorthositic gabbro and mix envelope (combination of the latter two). The nelsonite envelope is generally located to the north and all along the deposit, while mineralized anorthositic gabbro envelope is located, in majority, to the south and only in the central and western part of Paul zone (from cross section S2W to S20W). The third envelope (mix) is generally found in the Eastern portion of the deposit directly to the south contact with the nelsonite envelope (from cross section S2W to S10E). Between cross sections S4E and S7E another envelope of mineralized anorthositic gabbro is present directly to the south of the mix envelope.

- Densities are as follows:

o Nelsonite envelope 3.57 t/m³ fixed density;

o Anorthositic gabbro envelope 3.05 t/m³ fixed density;

o Mix envelope 3.19 t/m³ fixed density;

- Grades were estimated using inverse distance squared interpolation. For the Paul zone four (4) runs with the following parameters were used: runs one and two with a number of composites limited to fifteen (15) and to a minimum of 10 with a maximum of five (5) from the same drill hole. Passes three and four with a number of composites limited to fifteen (15) and to a minimum of five (5) with a maximum of five (5) from the same drill hole.

- A variable direction search ellipsoid was used for the grade estimation. For run one (1) the search ellipse size is 150 x 150 x 35 meters; the search ellipses were identical for passes two (2) and three (3) 250 x 250 x 50; for the pass four (4) a larger ellipse was used 350 x 350 x 75m.

- The classification parameters for Paul Zone were:

o Measured with at least two (2) drill holes within a 75 x 75 x 30 m variable direction ellipse (for all categories). Minimum of 6 composites.

o Indicated with at least two (2) drill holes in a 150 x 150 x 60 m variable direction ellipse. Minimum of 6 composites.

o Inferred with a drill hole with five (5) composites in 350 x 200 x 90 m variable direction ellipse.

- There are only two envelopes, nelsonite and mineralized anorthositic gabbro on the Western Extension.

- Same estimation parameters than Paul Zone were used.

- The classification parameters for Paul Western Extension were:

o Measured with at least two (2) drill holes within a 60 x 60 x 30 m variable direction ellipse (for all categories). Minimum of 8 composites.

o Indicated with at least two (2) drill holes in a 120 x 120 x 60 m variable direction ellipse. Minimum of 6 composites.

o Inferred with a drill hole with five (5) composites in 350 x 200 x 90 m variable direction ellipse.

QA/QC procedures included blanks and standards are in line with expected values.

Figure 3: Mineralized Envelopes

Current Mineral Reserves

 

The Paul Zone is the main zone of the phosphate Lac à Paul Project. According to the Company’s Feasibility Study (FS, released October 24, 2013), the Paul deposit alone currently has proven and probable reserves of 472 million tonnes of ore at 6.9% P2O5 (cut-off grade of 3.5% P 2O5) 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 4.0% P 2O5.

Naja Zone

The 213 meters long drill hole NAJ-14-01 reported an intersection of 131.9 meters along the hole at 6.58 % P2O5. These results, combined with those obtained from CDN-12-04, a short hole drilled in this area during 2012, allowed for the interpretation of a mineralized zone ranging 40 to 50 meters in true thickness with a dip of about 63° to the south. Additional drilling is required to estimate potential resources associated with the magnetic anomaly recognised over 2.4 km forming the Naja Zone.


Figure 4 shows the drill holes location on Naja Zone while coordinates and technical data on the drill holes are shown in the Table 11.

Figure 4: Drill Holes Locations on Naja Zone

Table 11: Naja Drill Holes Coordinates and Technical Data

# Drill Hole

UTM_E Nad 83

UTM_N Nad 83

Azimuth

Dip

Length (m)

Nb of samples

NAJ-14-01

377545

5527661

205⁰

-45⁰

213

74

CDN-12-04

377490

5527607

000⁰

-90⁰

51

10

CDN-12-02

376366

5528381

000⁰

-90⁰

51

16

There were 74 samples (including QA/QC procedures), from drill hole NAJ-14-01, sent to ALS Chemex Inc. from Val d’Or to be analysed for major elements, including P2O5, by the ME-XRF06 method. Table 12 below shows the intersections obtained along drill holes (true width are roughly 35 % of the intersection length) on the Naja Zone, with P2O5 grades obtained. Overburden ranges from 2.8 to 9.2 vertical meters.

Table 12: Intersections along Drill Holes on Naja

Drill Hole

From (m)

To (m)

Length along the drill hole (m.)

P2O5 (%)

NAJ-14-01

3.20

145.10

131.90

6.58

including

37.20

90.00

52.80

8.05

CDN-12-04

21.00

27.00

6.00

6.06

and

44.50

51.00

6.50

6.59

CDN-12-02

42.00

51.00

9.00

4.04

Surface field work carried out during summer 2014 in and around the magnetic anomaly led to the identification of Naja as holding strong potential for phosphate.

Table 13 shows the locations and P2O5 gradesof 64 grab samples collected during that period. Among these, 55 have returned values greater than 5% P2O5, 25 of which have a grade above 10 % P2O5. Laboratory analysis were performed by ALS Chemex Inc.

 

Table 13: Locations (UTM Nad83) and P2O5 grade of grab samples collected on Naja Zone

Sample

UTM East

UTM North

% P2O5

 

Sample

UTM East

UTM North

% P2O5

P290241

376087

5528394

17.31

 

P290932

377530

5527468

8.946

P288653

377157

5527876

14.529

 

P288655

377199

5527770

8.751

P290933

377534

5527389

13.265

 

P288781

377077

5527880

8.232

P288798

377109

5527934

13.094

 

P288785

378020

5527306

8.124

P290240

376092

5528424

12.924

 

P290918

377370

5527839

8.048

P290310

377201

5527946

12.495

 

P288780

376956

5527977

7.427

P288654

377156

5527795

12.298

 

P288651

376955

5528156

6.921

P290905

376404

5528271

11.803

 

P290928

377181

5527696

6.858

P290906

376531

5528376

11.419

 

P290244

376418

5528241

6.698

P290245

376614

5528295

11.39

 

P288796

377016

5527905

6.67

P290919

376872

5528125

11.223

 

P290925

376812

5528004

6.572

P288777

377878

5527467

11.21

 

P288791

376531

5528376

6.501

P290239

376105

5528520

11.206

 

P290924

376796

5528040

6.232

P290243

376388

5528394

11.137

 

P290917

377228

5527638

6.214

P288778

377868

5527415

11.066

 

P290923

376796

5528040

6.054

P288779

377857

5527389

11.047

 

P288652

377008

5528028

5.945

P290920

376774

5528055

10.857

 

P288788

377489

5527609

5.897

P288797

377087

5527938

10.759

 

P288793

376534

5528364

5.582

P288786

377953

5527392

10.579

 

P290926

376843

5528015

5.453

P288784

378044

5527341

10.569

 

P288790

377357

5527655

5.286

P288782

378058

5527338

10.505

 

P288776

377583

5527508

5.204

P290915

376954

5527864

10.477

 

P288660

377284

5527800

5.183

P288799

377130

5527927

10.32

 

P290921

376667

5528132

5.001

P290935

378120

5527236

10.228

 

P288656

377221

5527835

4.422

P288800

377146

5527994

10.082

 

P288659

377248

5527850

4.246

P288792

376534

5528364

9.937

 

P290916

377164

5527806

4.206

P288658

377248

5527850

9.614

 

P288795

376774

5528055

3.778

P290934

378061

5527230

9.475

 

P290931

377283

5527607

3.144

P288787

377794

5527461

9.375

 

P290242

376087

5528394

2.757

P290930

377198

5527686

9.234

 

P290927

376843

5528015

2.009

P288794

376774

5528055

9.027

 

P288783

378044

5527341

1.557

P290922

377956

5527322

8.987

 

P290929

377172

5527682

0.656

Three (3) trenches totalled 16 meters long were done during summer 2014. Table 14 and Table 15 below show the locations and the best intersections obtained along the trenches respectively.

Table 14: Naja trenches Coordinates and Technical Data

# Trench

UTM_E Nad 83

UTM_N Nad 83

Azimuth

Length (m)

Nb of samples

TRC-NAJ-14-01_R-1

376529

5528363

74

6

6

TRC-NAJ-14-01_R-2

376537

5528364

72

3

3

TRC-NAJ-14-01_R-3

376539

5528363

30

7

7

Table 15: Intersections along trenches on Naja

# Trench

Length along the trench (m.)

P2O5 (%)

TRC-NAJ-14-01_R-1

6

6.74

TRC-NAJ-14-01_R-2

3

6.83

Mini-Paul Zone

Mini-Paul Zone is associated to a magnetic anomaly just over 700 meters long by about sixty (60) meters wide and is located less than 300 meters south of the Paul Zone. Grab samples with promising P2O5 values have been collected on Mini-Paul Zone. Results are showed in Figure 5 while Table 16 gives the samples location and P2O5 grades.

Figure 5: P2O5 grade of grab samples collected on Mini-Paul Zone


Table 16: Locations (UTM Nad83) and P2O5 grades of grab samples collected on Mini-Paul Zone

Sample

UTM East

UTM North

% P2O5

P290674

374639

5529134

13.01

P290673

374680

5529136

12.91

P290247

374937

5529016

11.97

P290679

374889

5529075

11.81

P290678

374872

5529026

9.81

P290246

374679

5529096

8.11

P290675

374639

5529134

3.48

P290676

374647

5529089

2.37

P290677

374647

5529089

1.97

P290611

375137

5529020

1.08

 

We are once again very pleased with the positive results emanating from our recent drilling and exploration campaigns. They allowed us to confirm the presence of mineralized resources in the eastern extension of the pit already defined by the Feasibility Study (FS, released October 24, 2013). Moreover they have allowed us to validate the presence of two promising new areas, respectively located just South (Mini-Paul) and Southeast (Naja) of the Paul Zone. Results of our work clearly demonstrate the potential to extend the life of our project beyond our most optimistic estimates.”(2) stated Jean-Sebastien David, COO of Arianne Phosphate Inc.

(1) Cautionary Statements: Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability.

(2) Cautionary Statements: The 50 years target is conceptual in nature, that there has been insufficient exploration to define an indicated and measured mineral resources of that size and that it is uncertain if further exploration will result in the target being delineated as an indicated and measured mineral resource. The target is based on 472 Mt in reserve and other resources on the project (released 24 October 2013) and other resources and potential targets (released May 15th, June 12th and October 14th 2014).

(3) Cautionary Statements: Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. That it is uncertain if further exploration will result to upgrade this inferred resource at indicated and measured resource.

Mr. Claude Duplessis, ing. GoldMinds Geoservices Inc. Independent Qualified Person as per NI 43-101, has prepared the mineral resources with assistance of Mr. Merouane Rachidi PhD. Géo. Mr. Duplessis is responsible for the technical information presented in the release.

Mr. Daniel Boulianne, Géo., Arianne V.P. of Exploration Qualified Person as per NI 43-101, has approved this press release.

 

About Arianne Phosphate

Arianne Phosphate (“Arianne Phosphate Inc.”) (www.arianne-inc.com) is developing the Lac à Paul phosphate deposits located approximately 200 km north of the Saguenay-Lac-St-Jean region of Quebec, Canada. These deposits will produce a high quality igneous apatite concentrate grading 38.6% P2O5 with little to no contaminants. The Company has 95 325 755 shares outstanding.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information:

Source: Jean-Sébastien David, C.O.O. Tel: 418-549-7316 j.s.david@arianne-inc.com

Info: Dino Fuoco, C.F.O. Tel: 514-945-9313 dino.fuoco@arianne-inc.com

Medias: Karyna Tremblay, Community

Relations Coordinator Tel: 418-549-7316 karyna.tremblay@arianne-inc.com

Follow Arianne on:

Facebook: http://www.facebook.com/pages/Arianne-Resources-Inc/113071105425184

Twitter: http://twitter.com/arianne_dan

YouTube: http://www.youtube.com/user/ArianneResources

Flickr: http://www.flickr.com/photos/arianneresources

Resource Investing News: http://resourceinvestingnews.com/?s=Arianne

Forward Looking Statements and Information

 

This news release contains “forward-looking statements” and “forward-looking information” within the meaning of applicable securities regulations in Canada and the United States (collectively, “forward-looking information”). The forward-looking information contained in this news release is made as of the date of this news release. Except as required under applicable securities legislation, the Company does not intend, and does not assume any obligation, to update this forward-looking information. Forward-looking information includes, but is not limited to, statements with respect to estimated mineral resources, anticipated effect of the completed drill results on the Project, and timing and expectations of future work programs. Often, but not always, forward-looking information can be identified by the use of words such as “plans”, “expects, “is expected”, “budget”, “scheduled”, “estimates”, forecasts”, “intends”, “anticipates”, or “believes”, or the negatives thereof or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might”, or “will” be taken, occur or be achieved. Any forward-looking statement speaks only as of the date on which it is made and except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement.

Original file

Press releases February 18, 2015
Published on February 18, 2015
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