SAGUENAY, QUEBEC--(Marketwire - Dec. 6, 2011) - Arianne Resources ("Arianne" or the "Company") (TSX VENTURE:DAN)(FRANKFURT:JE9N)(OTCBB:DRSSF) is pleased to announce two upcoming public meetings with the citizens of the Saguenay-Lac-Saint-Jean region. The first will be held at 6:00 PM December 6 at the Motel Chutes des Pères in Dolbeau-Mistassini. The second meeting will held at 6:00 PM December 7 at the Holiday Inn Hotel in the Jonquière district of Saguenay.
The primary purpose of the meetings is to update the public on the results of the Pre-Feasibility Study of the Lac à Paul phosphate mining project (the "Project"), which now concludes that the apatite deposit in the Saguenay-Lake-Saint Jean is world-class. The second round of meetings is a continuation of the participatory involvement process developed as part of Arianne's Sustainable Development Policy. Secondly, the meetings serve as part of a research project jointly managed with the Eco-Council of the University of Quebec at Chicoutimi (UQAC), to consult with all community member and groups affected by the development of the Project.
Mr. Bernard Lapointe, Chief Executive Officer of Arianne, will present an update on the Project. His presentation will be followed by a workshop moderated by the Eco-council of UQAC.
The Lac à Paul Phosphate Project is being developed in the Chutes des Passes area in the northern area of the Saguenay-Lac-Saint-Jean region. The Pre-Feasibility Study projects an initial investment of $650 million, creating 340 direct jobs and as many as 400 indirect jobs over a 25-year mine life, and contributing substantially to the economic development of the local municipalities and the region.
Canada Phosphate (www.canadaphosphate.com) is the wholly owned subsidiary of Arianne Resources developing the Lac à Paul phosphate-titanium deposits. These deposits should produce a high quality igneous apatite concentrate grading 39% P2O5 with little or no contaminant.Arianne (www.arianne-inc.com) is a Canadian exploration company whose primary mission is to explore and develop gold, silver and other metal deposits in Canada and Mexico. The Company has 66 million shares outstanding.
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