The following press release was issued this morning with impeccable timing as investors get ready to search like crazy this weekend for North American Green Phosphate Plays!
Technological Innovation and Artificial Intelligence Will Provide for Increased Operational Safety at the Arianne Phosphate Project
SAGUENAY, QC, April 8, 2021 - Arianne Phosphate (the "Company" or "Arianne") (TSXV: DAN) (OTC: DRRSF), a development-stage phosphate mining company, advancing the Lac à Paul project in Quebec's Saguenay-Lac-Saint-Jean region, is pleased to announce significant advancements in the design of its future tailings facility. Arianne partnered with the Quebec Center of Geomatics (CGQ), to advance research and development on a new method for the design and future monitoring of the Company's tailings operations. This work will use geomatic and remote sensing tools combined with artificial intelligence that should greatly improve the safety aspects of Arianne's operations.
"The Lac à Paul mine is projected to be one of the most environmentally friendly phosphate mines in the world," said Jean-Sébastien David, COO of Arianne Phosphate. "From the project's onset, Arianne's design process had the goal of constructing a mine using best environmental practices and, the integration of technology was vital in this regard. Further, our reliance on renewable hydro-electricity will allow us to greatly diminish our production of greenhouse gases (GHG) with the goal of ultimately being GHG neutral. Our most recent endeavors have also added to the safety and structural integrity of our tailings facility."
Brian Ostroff, CEO of Arianne Phosphate added, "we take seriously our responsibilities surrounding environmental and safety issues. We know that many challenges surrounding mining operations stem from failures at their tailings facilities and, our work here goes a long way towards reducing these threats. Arianne will produce a high-purity, low-contaminant phosphate concentrate that provides for society's needs but, in as safe and effective manner as possible."
Arianne partnered with the Quebec Center of Geomatics (CGQ), a group within the College of Chicoutimi, in the Province of Quebec, to develop a new way to use geomatic and remote sensing instruments and monitor this information through a solution that uses artificial intelligence. It is during the construction process that sensors will be built in throughout the tailings dam that will measure, in real-time, data points such as moisture and pressure and, make adjustments as necessary to allow for smooth and safe operations, allowing for greater safety.
This research project was funded by the Natural Sciences and Engineering Research Council of Canada (NSERC) through its Partnership Engage Grants.
Qualified Person
Jean-Sébastien David, P.Geo., Qualified Person by NI 43-101, has approved this release. Mr. David is also the Company's Chief Operating Officer.
About Arianne Phosphate
Arianne Phosphate ("Arianne Phosphate Inc.") (www.arianne-inc.com) is developing the Lac à Paul phosphate deposits located approximately 200 km north of the Saguenay/Lac St. Jean area of Quebec, Canada. These deposits will produce a high-quality igneous apatite concentrate grading 39% P2O5 with little or no contaminants (Feasibility Study released in 2013). The Company has 173,354,669 million shares outstanding.
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is not a solicitation or recommendation to buy, sell, or hold securities. NIA has received compensation from DAN of USD$30,000 cash and expects to receive options to purchase 100,000 shares of DAN stock with an exercise price based on the closing price of the stock on the day before the options get issued for a six-month marketing contract. This message is meant for informational and educational purposes only and does not provide investment advice.
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