Fantastic news from our client, Arianne Resources, today. Arianne announced the much anticipated results of a resource estimate from its Lac a Paul phosphorus-titanium property, located in Saguenay-Lac-St-Jean, Quebec, Canada.
The highlights, as well as, a quote from CEO Bernard Lapointe are below:
- Paul Zone : 99.30 Million tons of inferred resources at 7.84 % P2O5 and 8.24 % TiO2
- Manouane Zone : 140.60 Million tons of inferred resources at 5.77 % P2O5 and 9.01 % TiO2
- Zone 2: 64.10 Million tons of inferred resources at 4.52 % P2O5 and 4.51 % TiO2
- Total of 3 Zones; 304 Million tons of inferred resources at 6.18 % P2O5 and 7.81 % TiO2
Also of note it the fact that this resource estimate only accounts for 3 of the numerous mineralized zones on the Lac a Paul property. With an exploration budget of 1.5 M$ Arianne will be looking to further advance this property with additional exploration work.
Arianne Resources CEO, Mr. Bernard Lapointe stated that he is “confident to demonstrate that the Lac a Paul phosphorus deposit will become an exploitable world class deposit for this resource.”
Click here to view full press release
Congrats to our friends Bernard, Norman and their entire team. Time to get this news out into the marketplace.
Regards,
George