PHOSPHATE: Arianne, First Nations ink co-operation deal for Lac a Paul

QUEBEC – Arianne Phosphate of Chicoutimi, QC, has signed a co-operation agreement for the Lac a Paul project with three First Nations Innu from Pessamit, Essipit and Mashteuiatsh. All parties will now negotiate the final impact and benefits agreements.

The Lac a Paul phosphate deposits are located about 200 km north of Saguenay-Lac-St-Jean. The project has proven and probable reserves of 472.09 million tonnes averaging 6.88% P₂O₅ (3.5% cut-off) in three zones. The largest, the Paul zone, has measured and indicated resources of 590.24 million tonnes grading 7.13% P₂O₅ and an inferred resources of 9.81 million tonnes grading 5.89% (4.0% cut-off).

Photos are available at Arianne-Inc.com.