PHOSPHATE: Lac a Paul resource grows to 590M tonnes

QUEBEC – Arianne Phosphate of Saguenay, QC, says the latest estimate of measured and indicated resources for the Paul zone at its Lac a Paul project in Saguenay-Lac-St-Jean has risen to 590 million tonnes grading 7.13% P₂O₅. The number includes results of holes drilled from the last quarter of 2011 through the end of 2012.

Arianne used a cut-off grade of 4.0% P₂O₅ instead of 2.54% P₂O₅ as was the case in 2011. Just as the measured and indicated tonnage grew, so did the grade to 7.13% P₂O₅ from 6.82%. There is also an inferred tonnage of 9.71 million tonnes at 5.89% P₂O₅.

In addition to the Paul zone resources, the property has two other mineralized zones. The Manouane zone has 163.8 million measured and indicated tonnes that grade 5.88% P₂O₅, and zone 2 contains 64.0 million inferred tonnes at 4.55% P₂O₅.

Arianne says a feasibility study is underway for Lac a Paul based on a mining rate of 50,000 t/d and annual production of 3.0 million t of phosphate concentrate.

Additional information is available at Arianne-Inc.com.