PHOSPHATE: Lac a Paul project gets okay from province

QUEBEC – Arianne Phosphate of Saguenay, QC, has received provincial approval for the development of the $1.2 billion Lac a Paul phosphate-titanium project 200 km north of Saguenay-Lac-St-Jean. Arianne now seeks financing for construction, and it is in discussions with potential corporate, strategic and financial partners. The Lac a Paul project is contemplated as an open pit mine and mill with a 26-year mine life from the Paul zone and an additional eight years from the Manouane zone. The Paul zone has measured and indicated resources of 702.7 million tonnes grading 7.16% P₂O₅ and 7.71% TiO₂, and inferred resources of 17.0 million tonnes at 5.98% P₂O₅ and 6.39% TiO₂. The Manouane zone contains 163.8 million measured and indicated tonnes at 5.34% P₂O₅. Resources have also been estimated for several other zones. More information is posted at Arianne-Inc.com.