{"id":2802,"date":"2010-11-03T18:41:00","date_gmt":"2010-11-03T18:41:00","guid":{"rendered":"https:\/\/www.arianne-inc.com\/?post_type=news&p=1969"},"modified":"2022-03-01T18:45:40","modified_gmt":"2022-03-01T18:45:40","slug":"canada-phosphate-starts-definition-drilling-on-the-paul-zone","status":"publish","type":"post","link":"https:\/\/itremma.com\/arianne\/canada-phosphate-starts-definition-drilling-on-the-paul-zone\/","title":{"rendered":"CANADA PHOSPHATE STARTS DEFINITION DRILLING ON THE PAUL ZONE"},"content":{"rendered":"\n

Saguenay, November 3<\/strong>rd<\/sup><\/strong> <\/strong>2010. <\/strong>The management of Canada Phosphate Inc. ( the \u00ab Company \u00bb) is pleased to announce the start of a new definition drilling campaign on one of the Lac \u00e0 Paul deposits, Quebec, Canada. The objective of this\u00a0 3,500-meter drilling program is to increase the resource on the Paul Zone which contains a NI 43-101 indicated resource of 78 Mt <\/strong>grading 7.24 % P2<\/sub>O5<\/sub> and 7.84 % TiO2<\/sub> and an inferred resource of 58 Mt <\/strong>grading 6.97 % P2<\/sub>O5 <\/sub>and 8.00 %\u00a0 TiO2<\/sub>.\u00a0\u00a0<\/p>\n\n\n\n

This drilling program precedes the Prefeasibility Study that will take place on this promising mining project in 2011. The conclusions of the recently published Scoping Study showed a project value of 325 M Can$ for an internal rate of return of 20.8 %. The discounted Net Present Value (NPV) amounts to 439 M Can$. An increased resource estimate will improve these numbers.\u00a0\u00a0<\/p>\n\n\n\n

The production of phosphate in North America is in decline and to advance this mining project into production would be a great opportunity to fill this need. The Lac \u00e0 Paul property comprises 271 claims covering an area of more than\u00a0 15,000 hectares. The 2 and Manouane Zones are also present on these claims and can be combined with the Paul Zone for a grand total of 260.25 Mt of inferred resources <\/strong>at 5.7 % P2<\/sub>O5<\/sub> and 7.64 % TiO2<\/sub> in addition of the indicated resource of\u00a0 78 Mt <\/strong>grading 7.24 % P2<\/sub>O5<\/sub> and 7.84 % TiO2<\/sub>\u00a0<\/p>\n\n\n\n

Arianne Resources <\/strong>(www.arianne-inc.com<\/a> ) is a Canadian exploration company who\u2019s mission is to explore and develop gold, silver and other metals in Canada and Mexico. Arianne has 33 M shares issued. Canada Phosphate (\u00a0 www.canadaphosphate.com ) is Arianne\u2019s wholly-owned subsidiary that develops the Lac \u00e0 Paul phosphorus-titanium deposits that produce a superior grade apatite concentrate grading close to 40% P2<\/sub>O5<\/sub>.\u00a0\u00a0<\/p>\n\n\n\n

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange)\u00a0 accepts responsibility for the adequacy or accuracy of this release.\u00a0\u00a0<\/p>\n\n\n\n

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<\/p>\n","protected":false},"excerpt":{"rendered":"

Saguenay, November 3rd 2010. The management of Canada Phosphate Inc. ( the \u00ab Company \u00bb) is pleased to announce the start of a new definition drilling campaign on one of the Lac \u00e0 Paul deposits, Quebec, Canada. The objective of this\u00a0 3,500-meter drilling program is to increase the resource on the Paul Zone which contains […]<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[],"tags":[],"class_list":["post-2802","post","type-post","status-publish","format-standard","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/itremma.com\/arianne\/wp-json\/wp\/v2\/posts\/2802","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itremma.com\/arianne\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itremma.com\/arianne\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itremma.com\/arianne\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/itremma.com\/arianne\/wp-json\/wp\/v2\/comments?post=2802"}],"version-history":[{"count":0,"href":"https:\/\/itremma.com\/arianne\/wp-json\/wp\/v2\/posts\/2802\/revisions"}],"wp:attachment":[{"href":"https:\/\/itremma.com\/arianne\/wp-json\/wp\/v2\/media?parent=2802"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itremma.com\/arianne\/wp-json\/wp\/v2\/categories?post=2802"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itremma.com\/arianne\/wp-json\/wp\/v2\/tags?post=2802"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}