SAGUENAY, QUEBEC--(Marketwire - May 22, 2009) - The management of Arianne Resources Inc. (TSX VENTURE:DAR)(FRANKFURT:JE9)(OTCBB:DARUF) ("Arianne" or "Company") is pleased to announce the filing on www.sedar.com of the technical report regarding the resource estimate of Arianne's phosphorus-titanium Lac a Paul property located in Saguenay-Lac-St-Jean, Quebec, Canada. The report was produced by SGS Geostat Inc..
This report validates the resource estimate that was announced on March 25, 2009, confirming 304 Mt of inferred resources at 6.18 % P2O5 and 7.81 % TiO2 for a cutting grade of 2 % P2O5 on all the Paul, Deux and Manouane Zones of the Lac a Paul property. The Paul Zone is especially interesting with 99.30 Mt of inferred resources at 7.84 % P2O5 and 8.24 % TiO2.
2009 Exploration program: The Company has an exploration budget of more than one million dollars for its projects in 2009. The Company plans to resume exploration on the Lac a Paul property in June. The program will include geological mapping, sampling, line cutting and magnetometric surveys. These will take place in new promising areas, other than the three zones previously mentioned and should generate new drill targets.
The Company strategy is based on a new interpretation of the available data as well as previous results from the 2008 prospection campaign. Samples from this previous prospection campaign returned grades up to 9.74 % P2O5.
"Arianne will now focus on increasing the value of the Lac a Paul property. The Company wants to significantly increase the resource contained in the deposits in order to match world class deposits that are currently in production. We strongly believe that we can attract a major fertilizer producer" mentions Mr. Bernard Lapointe, CEO.
Corporate update : In this difficult mining environment, Arianne decided to cut operating costs to a minimum. Mr. Norman Forrest is now a strategic consultant for the Company. Mr. Forrest was Corporate Vice-president for Arianne and is now exploring new ventures. As a consultant, he will focus on the sale of the phosphorus deposits and will continue as the Company's investor relations contact.
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.
The content of this press release was prepared by Mr. Bernard Lapointe, geo., Qualified Person under Rule 43-101.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
FOR FURTHER INFORMATION PLEASE CONTACT:
Arianne Resources Inc.
Mr. Bernard Lapointe, CEO
Arianne Resources Inc.
Mr. Norman Forrest, consultant