Arianne Phosphate lifts Quebec resource base – by Henry Lazenby ( – July 18, 2014)

TORONTO ( – TSX-V-listed Arianne Phosphate, which is developing the Lac à Paul project, in Quebec, this week reported that its 2014 drilling programme had enabled it to significantly lift its flagship project’s compliant inferred resources.

The Saguenay, Quebec-based firm on Wednesday said it had added 146-million tonnes grading 5.30% phosphorus pentoxide (P2O5), when using a 3.5% P2O5 cutoff grade, from the South TraMan Zone in the inferred category to its mineral resources.

The company also revealed that it had identified a new inferred resource from the Traverse zone totalling 17-million tonnes at 5.98% P2O5, at a 3.5% P2O5 cut-off grade.

Arianne noted that the added 163-million tonnes grading 5.37% P2O5 of inferred resources at the South TraMan and the Traverse Zones, along with the 78-million tonnes grading 5.34% P2O5 of inferred resource at Nicole Zone and a potential mineral target of between 260-million and 390-million tonnes, with grades ranging from 5.34% to 7.13% P2O5, near the Paul Zone, could be of significant benefit to its operations and deserved further investigative work.

The company released a feasibility study for Lac à Paul in October 2013, outlining an openpit operation with a mine life of 25.75 years and a yearly output of three-million tonnes, grading 38.6% P2O5 at an average mill recovery of 90%.

The project’s Paul zone has total compliant proven and probable reserves of just more than 472-million tonnes grading 6.88% P2O5 and 75.7-million tonnes of saleable concentrate grading 38.6% P2O5.

Total measured and indicated (M&I) resources for the Paul zone stand at 590.24-million tonnes, grading 7.13% P2O5, while the Manouane zone has a total M&I of 163.80-million tonnes for 5.88% P2O5.

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