Canadian exploration company Arianne Resources Inc. (OTCBB: DARUF) today announced it has acquired four additional claims directly adjacent to its Lac A Paul phosphorus project in Quebec. As part of the company’s stated mission to explore, find and develop gold, phosphorus and uranium deposits in Canada and Mexico, this acquisition will give the company a 100% interest in each claim, adding to its triple-digit ownerships.
The four claims will be purchased through a cash payment of $15,000 and 300,000 common shares of the company to its two “arm’s length sellers,” which will keep a 1.5 percent NSR that can be repurchased for $1 million. The acquired mines brings Arianne’s portfolio to 100 percent ownership on 253 claims; Arianne has an 85 percent interest in 12 claims, the other 15 percent of which is owned by Fund Saguenay-Lac-St-Jean.
According to the press release, the company’s 2008 summer sampling campaigns are not yet completed. Of the 95 samples analyzed, 41 have returned values greater than 3 percent P205; 25 samples returned value greater than 4 percent P205; 12 samples returned values greater than 5 percent P205.
A 5,000 meter drilling campaign is scheduled to begin in a few weeks, though the access rehabilitation to the drilling sites is underway.
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