Arianne announces a new 43-101 mineral resources estimate on the Paul Zone totaling 702.7 Mt at 7.16% P2O5 (M+I) (1)

 

EARLY EXPLORATION UNCOVERS TWO NEW INTERESTING SECTORS (NAJA AND MINI-PAUL ZONES)

DAN: TSX-V (Canada)
JE9N: FSE (Germany)
DRRSF: OTC BB (USA)

SAGUENAY, QC, Feb. 18, 2015 /CNW/ - 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% P2O5 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.

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.

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


180°


-45°


150


38


S10+50E

PAU-14-183


376011


5529163


179°


-55°


198


32

















PAU-14-171


376132


5529109


180°


-45°


279


92


S12E

PAU-14-172


376142


5529040


176°


-45°


162,4


59

















PAU-14-174


376338


5529143


180°


-45°


261


99


S14E

PAU-14-175


376328


5529054


181°


-45°


185


29

















PAU-14-173


376416


5528884


004°


-45°


294


63


S15E

PAU-14-176


376416


5529019


015°


-45°


181,5


62


PAU-14-177


376443


5528929


005°


-45°


255


100

















PAU-14-178


376627


5528930


190°


-45°


126


51


S17E

PAU-14-179


376620


5528968


007°


-45°


249


76


PAU-14-180


376865


5528799


211°


-45°


201


41


S20E

PAU-14-181


376838


5528719


217°


-45°


96


35

















PAU-14-182


377004


5528634


201°


-45°


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 P2O5, 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, K2O, 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:
    • Measured with at least two (2) drill holes within a 30 x 30 x 15 m variable direction ellipse. Minimum of 8 composites.
    • Indicated with at least two (2) drill holes in a 100 x 100 x 50 m variable direction ellipse. Minimum of 6 composites.
    • 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, K2O, 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, K2O, 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:
    • Nelsonite envelope 3.57 t/m³ fixed density;
    • Anorthositic gabbro envelope 3.05 t/m³ fixed density;
    • 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:
    • 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.
    • Indicated with at least two (2) drill holes in a 150 x 150 x 60 m variable direction ellipse. Minimum of 6 composites.
    • 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:
    • 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.
    • Indicated with at least two (2) drill holes in a 120 x 120 x 60 m variable direction ellipse. Minimum of 6 composites.
    • 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.

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% P2O5) 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% P2O5.

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.

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

205°

-45°

213

74

CDN-12-04

377490

5527607

000°

-90°

51

10

CDN-12-02

376366

5528381

000°

-90°

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 grades of 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.

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.

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.

SOURCE Arianne Phosphate Inc.

PDF available at: http://stream1.newswire.ca/media/2015/02/18/20150218_C8427_PDF_EN_12276.pdf

PDF available at: http://stream1.newswire.ca/media/2015/02/18/20150218_C8427_PDF_EN_12277.pdf

PDF available at: http://stream1.newswire.ca/media/2015/02/18/20150218_C8427_PDF_EN_12278.pdf

PDF available at: http://stream1.newswire.ca/media/2015/02/18/20150218_C8427_PDF_EN_12279.pdf

PDF available at: http://stream1.newswire.ca/media/2015/02/18/20150218_C8427_PDF_EN_12281.pdf

For further 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: 514-945-9393, dino.fuoco@arianne-inc.com; Medias: Karyna Tremblay, Community Relations Coordinator, Tel: 418-549-7316, karyna.tremblay@arianne-inc.com


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