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Arianne Resources Reports Increased Measured and Indicated Resources for the Paul Zone, Quebec

Arianne Resources (DAN.V) reports that the updated mineral estimate for the Paul Zone amounts to 590 million metric tons (Mt) of measured and indicated resources. The NI 43-101-compliant resource calculation conducted by GoldMinds Geoservices Inc., in cooperation with Arianne personnel, provides an updated estimate of the resources present in the Paul Zone, which is the main zone of the Lac à Paul phosphorus mining project, Saguenay-Lac-St-Jean, Quebec.

Highlights:

A cut-off grade of 4.0% P2O5, instead of 2.43% P2O5 in 2011, was used.

Although the cut-off grade is higher, the measured and indicated resources of the Paul Zone have increased by 221% compared to the last estimate released in 2011.

The measured and indicated mineral resources (M+I) of the Paul Zone amount to 590.24 Mt at 7.13% P2O5.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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