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Last C$0.14 CAD
Change Today +0.005 / 3.57%
Volume 79.0K
As of 3:31 PM 05/29/15 All times are local (Market data is delayed by at least 15 minutes).

adriana resources inc (ADI) Snapshot

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06/17/14 - C$0.20
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adriana resources inc (ADI) Details

Adriana Resources Inc. engages in the acquisition, exploration, and development of mineral properties in Canada. The company owns a 40% interest in the Lac Otelnuk iron ore project that consists of 1,267 contiguous mineral claims totaling approximately 684 square kilometers located in the Labrador Trough in the Nunavik region of northern Québec. It is also involved in the development of an iron ore port facility in Brazil. Adriana Resources Inc. is headquartered in Toronto, Canada.

adriana resources inc (ADI) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: C$100.0K
Chief Financial Officer
Total Annual Compensation: C$200.0K
Director of Investor Relations and Corporate ...
Total Annual Compensation: C$120.0K
Compensation as of Fiscal Year 2014.

adriana resources inc (ADI) Key Developments

Adriana Resources Inc. Provides Update on Lac Otelnuk Project

Adriana Resources Inc. provided update on Lac Otelnuk project. The Feasibility Study for the Lac Otelnuk Project continues to progress and SNC-Lavalin Inc. has been engaged in different phases of the studies since February 2013. Currently, the studies on all components of the project, including the Mine and Process Plant, Product Delivery System, Power Transmission Line and the Port De-watering and Storage infrastructures are all in progress and on schedule. LOM expects the full Feasibility Study to be completed by the end of 2014. It is planned that further environmental baseline data collections, environmental impact and social impact studies on different components of the project, will start after the confirmation of the project feasibility.

Adriana Resources Inc., Annual General Meeting, Jun 12, 2014

Adriana Resources Inc., Annual General Meeting, Jun 12, 2014., at 11:00 Eastern Daylight. Agenda: To receive and consider the annual consolidated financial statements of the company for the year ended December 31, 2013 together with the report of the auditors thereon; to elect directors of the company for the upcoming year; to appoint Deloitte LLP, Chartered Accountants, as the auditor of the company for the upcoming year and to authorize the directors to fix their remuneration; to re-approve the stock option plan; and to transact such other business as may properly come before the meeting or any adjournments or postponements thereof.

Adriana Announces Completion of Mineral Resource Estimate

Adriana Resources Inc. reported the completion of a new National Instrument 43-101 Standards of Disclosure for Mineral Projects Mineral Resource estimate using information from the historic and most recent drilling programs on its 40% owned Lac Otelnuk Project. Adriana owns 40% of Lac Otelnuk Mining Ltd. which is a joint venture company with WISCO International Resources Development & Investment Limited which in turn holds the Lac Otelnuk Property in Nunavik, Québec. The Estimate was completed using an Inverse Distance to the power of one method. In general, Measured Mineral Resources are defined as blocks being within 400 m of a drillhole intercept, Indicated Mineral Resources are defined as blocks from 400 m to 600 m from a drillhole intercept and Inferred Mineral Resources are defined as blocks more than 600 m distance from a drillhole intercept and interpolated out to a maximum of approximately 1,000 m where the drilling is more sparse, predominantly in the deeper parts of the deposit. This categorization was used specifically in the Main Zone area of the deposit and directly to the north of this area where more infill drilling was completed during the most recent drilling program.


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