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Zone Resources Inc. V.ZNR



TSXV:ZNR - Post by User

Post by riverrockson Jun 21, 2012 8:09am
306 Views
Post# 20037891

is the grass is greener on the other side

is the grass is greener on the other side

Adriana Announces Completion of Mineral Resources Estimate

 
Adriana Announces Completion of Mineral Resources Estimate

TORONTO, ONTARIO--(Marketwire - June 19, 2012) -Adriana Resources Inc. (TSX VENTURE:ADI) ("Adriana" or the "Company") is pleased to report the completion of an updated National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101") Mineral Resource estimate ("the Estimate") using information from the most recent drilling program on its 40% owned Lac Otelnuk Project. The Estimate was completed by Watts, Griffis and McOuat Limited ("WGM"), Consulting Geologists and Engineers of Toronto, Canada, and resulted in 11.35 billion tonnes of Measured and Indicated Mineral Resources and an additional 12.39 billion tonnes of Inferred Mineral Resources based on a Davis Tube Weight Recovery ("DTWR") cutoff grade of 18%. The Measured and Indicated portion of the Mineral Resource extends over a strike length of 20 km. The Inferred portion of the deposit north and south of the Measured and Indicated Mineral Resource adds an additional strike length of 16 km to the deposit for a total strike length of 36 km. The update reflects an increase of 232% in Measured and Indicated and 794% in Inferred Mineral Resources from the previous estimate as noted in the Company's news release dated August 23, 2011.

 

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