PHOSPHATE: BAPE issues favourable report on Lac a Paul project

QUEBEC – Arianne Phosphate of Saguenay, QC, has received a favourable report from the Quebec Bureau d’audiences publiques sur l’envirionnement (BAPE) on the Lac a Paul phosphate project in the Saguenay-Lac-Saint-Jean region. The BAPE review is the last step before the project is granted its final permits. Arianne says it is confident that it has met all the conditions necessary for their issue. The Lac a Paul feasibility study prepared in 2013 was based on an open pit mine and mill with a 25-year life. Resources are given as 390.2 million measured and indicated tonnes grading 7.13% P₂O₅ plus 9.8 million inferred tonnes at 5.89% in the Paul zone. An additional eight years of mining is estimated for the Manouane zone that contains measured and indicted resources of 163.8 million tonnes grading 5.88% P₂O₅. Please visit Arianne-inc.com.