SAGUENAY, QUEBEC -- (Marketwired) -- 06/28/13 -- Arianne Phosphate Inc. (the "Corporation" or "Arianne") (TSX VENTURE: DAN)(FRANKFURT: JE9N)(OTCBB: DRRSF) is announcing that its Environmental Impact Assessment (EIA) for the Lac a Paul apatite mining project was filed with the Ministere du developpement durable, de l'environnement, de la faune et des parcs (MDDEFP) for review. This assessment, which started in 2011, was conducted by GENIVAR Inc., an international engineering consulting firm, in collaboration with Dessau - Groupe Conseil Nutshimit, Hydro-Ressources Inc. and Cegertec WorleyParsons.
This environmental impact assessment includes, in particular, initiatives proposed with regard to sustainable development, communication and relationships with the community, the method of identifying and assessing potential impacts and the analysis of those impacts. Now that the environmental impact assessment has been filed with the MDDEFP, Quebec authorities will begin the analysis and discussion process with Arianne.
Chief Operating Officer Jean-Sebastien David said about the filing of this assessment: "The filing of this environmental impact assessment is a pivotal moment for Arianne. It is an important step towards operating the Lac a Paul apatite mine, which is planned for 2016. We are fully satisfied with this complete and comprehensive exercise, a three-volume study plus a summary that, through its results, will demonstrate once more the full value of the Lac a Paul project. Arianne met its deadline and is appreciative of all those who worked on carrying out this assessment, especially the people of Saguenay-Lac-Saint-Jean who listened and were responsive to the project throughout all of the steps. Arianne is especially happy with the public meetings with local communities and First Nations, who helped to incorporate their comments and ideas from the initial stages of the project. We plan to keep working so that the mine is commissioned in the best possible conditions for all parties."
When Arianne has a final version of its environmental impact assessment, they will publish it as soon as possible.
Arianne Phosphate (www.arianne-inc.com) is developing the Lac a Paul phosphate deposits located approximately 200 km in the north of the Saguenay Lac-Saint-Jean region of Quebec, Canada. These deposits will produce a high quality igneous apatite concentrate grading 39% P2O5 with little or no contaminants. The Company has 77 million shares issued.
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Forward Looking Statements and Information
This news release contains "forward-looking statements" and "forward-looking information" within the meaning of applicable securities regulations in Canada and the United States (collectively, "forward-looking information"). The forward-looking information contained in this news release is made as of the date of this news release. Except as required under applicable securities legislation, the Company does not intend, and does not assume any obligation, to update this forward-looking information. Forward-looking information includes, but is not limited to, statements with respect to estimated mineral resources, anticipated effect of the completed drill results on the Project, timing of a feasibility study, and timing and expectations of future work programs. Often, but not always, forward-looking information can be identified by the use of words such as "plans", "expects, "is expected", "budget", "scheduled", "estimates", forecasts", "intends", "anticipates", or "believes", or the negatives thereof or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might", or "will" be taken, occur or be achieved. Any forward-looking statement speaks only as of the date on which it is made and except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement.
Neither TSX Venture Exchange nor its Regulation Service Provider (as defined in the policies of the TSX Venture Exchange) accepts responsibility for either the adequacy or accuracy of this press release.
Jim Cowley, President
Derek Lindsay, CFO & Corporate Secretary
Karl-Philip Marchand Giguere
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