Arianne Phosphate Inc. Announces Earnings Results for the Three Months Ended September 30, 2014
Nov 13 14
Arianne Phosphate Inc. announced earnings results for the three months ended September 30, 2014. For the period, the company did not generate revenue or positive cash flows as the company is still a development-stage entity. In the three months, the company incurred a net loss of $1,260,208 compared to a loss of $1,675,088 in the same period in the 2013.
Arianne Announces the Nomination of Daniel Gaudreault as Chairman of Monitoring Committee
Oct 30 14
Arianne Phosphate Inc. announced the nomination of Mr. Daniel Gaudreault to the position of Chairman of the Company's Monitoring Committee. Mr. Gaudreault's expertise will help Arianne maintain a privileged relationship with the regional community. Recently retired, Mr. Gaudreault led a career within the municipality of Saint-Fulgence also within the town of Jonquière and Saguenay during which he notably served as General Director of these municipalities.
Arianne Phosphate Provides Updated Resource Estimate on its Paul Zone
Oct 14 14
Arianne Phosphate reported an updated resource estimate on its Paul Zone has amounted to 668 million tonnes at 7.01% P(2) O(5) with a 4.0% P(2) O(5) cut-off grade in the measured & indicated category. In addition, the Company has also identified a new inferred resource on the Paul Zone of 38 million tonnes at 6.13% P(2) O(5) at 4.0% P(2) O(5) cut-off grade.(2) This updated resources estimate, provided by GoldMinds Geoservices Inc., shows a 13% increase in measured and indicated resources (668 MT vs 590 MT) and resulted from the 2014 winter drilling program on the Paul Zone (Pau-14-154 to Pau-14-160) and on its Western Extension (Pau-14-161 to Pau-14-169). The updated mineral resources estimate on the Paul Zone and its Western Extension has been done using diamond drill holes (Pau-08-01 to Pau-14-169), fixed density of 3.42 T/m3, the LIDAR 3D topographic survey, high resolution airborne magnetic geophysical survey (HeliMAGer(TM)), completed in February 2014, and variables search ellipsoid, with a steeply dipping to the south, following the axes defined by the magnetic survey, using the first primary derivative for contact and extent. Note that the holes are not still surveyed. It will be done after the next campaign. Data used for the estimate: One hundred sixty (160) diamond drill holes on Paul Zone (Pau-08-01 to Pau-14-160); total drilled length on Paul Zone of 40 902 meters; 13 597 assay results for %P2O5, %TiO2, %SiO2, %Fe2O3, %AL2O3, %CaO, %K2O, %Na2O, %MnO & %MgO; 14 008 deviation data; and, 674 lithological description records; Nine (9) diamond drill holes on Western Extension (Pau-14-161 to -169); total drilled length on Western Extension of 1 323 meters; 420 assay results for %P2O5, %TiO2, %SiO2, %Fe2O3, %AL2O3, %CaO, %K2O, %Na2O, %MnO & %MgO; 412 deviation data; and 52 lithological description records. Parameters of the estimate are: Composites of 3 meters; the fixed density of 3.42, as for the mineral resource estimation of 2013; rectangular blocks of 10mE x 10mN x 15mZ meters; the Paul Zone is divided into two areas, the nelsonite area and the nelsonite combined with anorthositic gabbro area, the first being in the northern part and the second in the southern part of the deposit; grades were estimated using inverse distance squared interpolation. For the Paul zone four (4) runs with the following parameters were used: runs one and two with a number of composites limited to fifteen (15) and to a minimum of 10 with a maximum of five (5) from the same drill hole. Passes three and four with a number of composites limited to fifteen (15) and to a minimum of five (5) with a maximum of five (5) from the same drill hole; a variable direction search ellipsoid was used for the grade estimation. For run one (1) the search ellipse size is 150 x 150 x 50 meters; the search ellipses were identical for passes two (2) and three (3) 250 x 250 x 50; for the pass four (4) a larger ellipse was used 350 x 350 x 75m. The classification parameters were for Paul Zone: Measured with at least two (2) drill holes within a 75 x 75 x 30 m variable direction ellipse (for all categories). Minimum of 6 composites; indicated with at least two (2) drill holes in a 150 x 150 x 60 m variable direction ellipse. Minimum of 6 composites; inferred with a drill hole with five (5) composites in 350 x 200 x 90 m variable direction ellipse. For the western extension of the Paul Zone, one single pass was run for the estimate using a variable direction search ellipse of 350 x 150 x 75 m with a number of composites limited to fifteen (15) and to a minimum of 10 with a maximum of five (5) from the same drill hole. Similar classification parameters were used as the Paul main deposit except for the ellipse of 60 x 60 x 30 m for Measured and 120 x 120 x 60 m for Indicated as early classification of Paul Zone mineral resources with a minimum of 8 composites for Measured and 6 for Indicated.