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Gold/Mining/Energy : Mining News of Note

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To: LoneClone who wrote (42110)8/25/2009 10:42:38 PM
From: LoneClone  Read Replies (1) of 193686
 
Arianne Announces Exploration Results From its Lac a Paul Phosphorus-Titanium Project

magnesium.com

Arianne Resources recently announced preliminary exploration results on the Lac a Paul phosphorus-titanium property in Saguenay-Lac-St-Jean, Quebec, Canada.

This campaign resulted in the discovery of many new zones mineralized in apatite (P2O5) and ilmenite (TiO2). On the property, 380 samples were extracted by hammer and were sent to the ALS Chemex lab in Val d'Or. From the 231 results obtained, grades returned up to 16 % P2O5 and 24 % TiO2. 35 samples returned more than 5 % P2O5 and 16 samples returned more than 6 % P2O5.

One of the new area discovered (Nicole Zone) is quite interesting due to the fact that it is located between the Paul and Manouane Zones, that were drilled in 2008 and 2009. A ground magnetometric survey covering 63 kilometres of lines each spaced by 200 metres was completed last July in order to identify future drilling targets on this zone that covers an area of 4.5 kilometres by 500 metres. A drilling campaign that will test 10 new targets will start September 1st. This campaign will then continue on the Nicole Zone and should result in a new resource estimate.

The Company also appointed an independent firm to produce a Preliminary Assessment Report for the Paul and Manouane Zones. This report will be filed in September. Bay Stream Ventures also continues to promote the Company's phosphorus-titanium deposits to potential clients. Information meetings on the deposits are being planned.

Arianne Resources is a Canadian mining exploration company with the mission to explore, find and develop gold, silver and phosphorus deposits in Canada and Mexico. Investors are welcomed to visit our new website at www.arianne-inc.com.
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