Lac Otelnuk Iron Deposit Over 22.5 Square Kilometres; Remains Open Along Strike

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Lac Otelnuk Iron Deposit Over 22.5 Square Kilometres; Remains Open Along Strike

posted on Feb 12, 2009 06:07AM

February 12, 2009

Adriana Confirms Lac Otelnuk Iron Deposit Over 22.5 Square Kilometres; Remains Open Along Strike

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 12, 2009) - Adriana Resources Inc. ("Adriana" or the "Company") (TSX VENTURE:ADI)(WKN:A0F7EL) is pleased to announce the results from the 2008 delineation drill program on the South Zone of its Lac Otelnuk Iron Project in the Labrador Trough, Quebec, Canada. The program consisted of 40 diamond drill holes ("DDH") totaling 5,255 metres of BQ core. This program completes a 67 DDH campaign, where drilling was carried out on a regular grid with lines spaced 600 metres apart, and drill holes every 500 metres on the lines to cover an area 9 kilometres by 2.5 kilometres.

The results from the 2007/2008 drilling program at Lac Otelnuk confirm a large, flat lying and shallow iron formation over an approximate area of 22.5 square kilometres. The targeted formation remains open along strike to the northwest and southeast. "The Company has yet to drill test the North Zone, where drilling in the 1970s outlined the presence of a significant iron formation similar to that of the South Zone," commented Michael Beley, President of Adriana.

The Lac Otelnuk iron formation strikes northwest to southeast. It subcrops at surface and dips gently (from 2 to 5 degrees) to the northeast, eventually plunging under sedimentary formations. The western extent is terminated by erosion. Due to the gentle north-easterly dip and westerly sloping terrain, much of the sedimentary rocks that overly the South Zone have been stripped away by erosion, exposing the Upper Iron Formation.

"We look forward to the results of the National Instrument ("NI") 43-101 compliant Mineral Resource estimate that will add significant value to this project and Adriana's asset base," Michael Beley commented. "The work is currently underway with Watts, Griffis and McOuat Limited ("WGM"), a Toronto-based firm of independent consulting geologists and engineers."

The Lac Otelnuk iron formation is composed of individual stratigraphic units stacked one on top of each other, identified as Units 2 (upper), 3 (middle) and 4 (lower). For mapping and core logging purpose these Units have been sub-divided into 8 Sub-units identified as Sub-units 2A, 2B, 2C, 3A, 3B, 3C, 4A and 4B, on the basis of lithology and iron content. The highest concentration of magnetite occurs in the Upper Iron Formation (Unit 2) followed by the Middle Iron Formation (Unit 3) and the Lower Formation (Unit 4).

The uppermost five Sub-units, 2A to 3B, are considered to have the greatest resource potential, based on vertical and horizontal continuity, magnetite content, and depth. These five Sub-units combine to form a continuous vertical thickness averaging approximately 75 metres containing concentrations of magnetite in excess of 20% Davis Tube Weight Recovery (%DTWR). The Table presented below summarizes the drill results of all 67 holes for the upper 5 Sub-units, of which holes LO-S-1001 to LO-S-1027 were drilled in 2007. Sub-units 3C and 4A also contain significant intersections of iron which may eventually increase the overall thickness of the deposit.

Lac Otelnuk Drill Hole Summary - South Zone:

---------------------------------------------------------------------------
                                               Head Grade Concentrate Grade
Drill     Stratigraphic   From     To Length  ----------- -----------------
Hole      Units             (m)    (m)    (m) %SiO2   %Fe %DTWR %SiO2   %Fe
---------------------------------------------------------------------------
76-130S-2 2a,2b,2c       18.36  61.82  43.46   40.8  31.2  34.8  5.34  65.8
LO-S-1001 2a,2b,2c       38.72  94.55  55.83   45.4  27.7  25.5  2.91  69.2
LO-S-1002 2b,2c           4.00  41.20  37.20   42.5  29.5  19.4  1.73  70.4
LO-S-1003 2b,2c,3a,3b     3.00  68.10  65.10   47.0  27.6  24.4  2.52  69.7
LO-S-1004 Lost in 2A                                                  
LO-S-1005 2a,2b,2c,3a,3b  1.23  87.58  86.35   44.3  31.1  28.8  2.64  66.2
LO-S-1006 2b,2c,3a,3b     3.55  48.80  45.25   49.4  25.7  26.5  3.75  68.8
LO-S-1007 2a,2b,2c,3a     1.72  50.67  48.95   37.0  27.5  29.5  3.29  69.2
LO-S-1008 2a,2b,2c,3a     2.36  62.65  60.29   46.3  29.2  29.5  3.36  69.4
LO-S-1009 2b,2c,3a        6.70  43.04  36.34   46.9  26.2  26.3  5.27  67.1
LO-S-1010 2b,2c,3a        1.00  61.31  60.31   43.7  29.8  19.4  1.85  70.7
LO-S-1011 2a,2b,2c,3a,3b  3.15  72.50  69.35   46.4  28.2  29.9  3.57  68.2
LO-S-1012 2a,2b,2c,3a,3b  7.53 100.54  93.01   45.0  29.3  30.0  3.94  67.9
LO-S-1013 2b,2c,3a,3b     1.89  49.02  47.13   46.3  27.3  20.9  2.20  69.7
LO-S-1014 2b,2c,3a,3b     2.38  59.33  56.95   46.7  27.7  25.0  2.45  69.7
LO-S-1015 2b,2c,3a,3b     3.16  59.00  55.84   42.4  29.6  22.5  2.22  69.6
LO-S-1016 2b,2c,3a,3b     2.91  57.95  55.04   42.8  27.4  20.2  2.03  67.7
LO-S-1017 2a,2b,2c,3a,3b  5.40 100.00  94.60   43.9  30.2  26.5  2.42  69.7
LO-S-1018 2b,2c,3a,3b     2.78  76.40  73.62   43.7  29.9  23.9  2.39  69.9
LO-S-1019 2a,2b,2c,3a,3b  3.00  79.38  76.38   45.0  28.4  24.7  1.96  69.9
LO-S-1020 2a,2b,2c,3a,3b 15.42 101.75  86.33   43.4  30.4  28.3  3.69  68.6
LO-S-1021 2a,2b,2c,3a,3b 21.20 101.49  80.29   43.0  30.3  27.9  4.68  67.6
LO-S-1022 2b,2c,3a,3b,3c  2.25  86.41  84.16   43.4  30.0  26.4  3.28  69.1
LO-S-1023 2b,2c,3a,3b     0.82  85.40  84.58   43.8  30.1  25.2  3.28  69.1
LO-S-1024 2a,2b,2c,3a,3b 11.65 107.54  95.89   43.0  30.4  29.2  5.71  66.8
LO-S-1025 2a,2b,2c,3a,3b  3.00  80.90  77.90   43.0  30.4  31.6  4.65  67.3
LO-S-1026 2a,2b,2c,3a,3b  1.14  71.75  70.61   43.5  30.4  30.2  4.73  66.7
LO-S-1027 2a,2b,2c,3a     1.35  72.86  71.51   43.2  30.3  27.9  4.01  67.8
LO-S-1028 2a,2b,2c,3a,3b  2.88  73.35  70.47   44.9  28.3  25.0  3.22  69.2
LO-S-1029 2a,2b,2c,3a,3b  1.10  79.10  78.00   44.8  29.1  26.5  3.76  68.5
LO-S-1030 2b,2c,3a,3b,3c  3.09  68.85  65.76   45.0  27.9  20.5  3.74  68.3
LO-S-1031 2a,2b,2c,3a,3b  0.39  72.28  71.89   44.5  28.9  23.0  3.47  68.8
LO-S-1032 2a,2b,2c,3a,3b 42.50 135.30  92.80   44.2  29.1  25.1  3.33  69.3
LO-S-1033 2a,2b          77.32  90.26  12.94   41.4  32.2  20.4  2.72  69.5
LO-S-1034 2b,2c,3a,3b    43.90 133.67  89.77   44.8  29.4  24.7  4.19  68.1
LO-S-1035 2a,2b,2c,3a,3b 45.12 135.60  90.48   45.7  29.0  23.0  3.98  68.3
LO-S-1036 2a,2b,2c,3a,3b 28.95 118.11  89.16   48.2  28.8  25.2  4.00  68.3
LO-S-1037 2a,2b,2c,3a,3b  7.74 103.46  95.72   44.7  29.4  24.2  3.05  69.3
LO-S-1038 2b,2c,3a,3b     4.75  79.74  74.99   46.4  28.2  21.3  2.88  69.2
LO-S-1039 2a,2b,2c,3a,3b  1.87  92.54  90.67   43.5  29.4  25.9  2.81  69.0
LO-S-1040 2a,2b,2c,3a,3b  1.70  90.46  88.76   44.7  28.9  24.7  2.70  68.9
LO-S-1041 2a,2b,2c,3a,3b  2.20  92.24  90.04   43.8  29.7  23.8  2.58  69.0
LO-S-1042 2b,2c,3a,3b    14.10  75.09  60.99   45.7  27.0  24.8  2.92  68.5
LO-S-1043 2b,2c,3a,3b     5.26  77.38  72.12   45.3  27.7  22.1  2.88  68.9
LO-S-1044 2b,2c,3a,3b     1.42  90.71  89.29   44.7  29.6  22.6  2.93  67.1
LO-S-1045 2a,2b,2c,3a,3b  3.35  90.94  87.59   44.5  29.3  27.7  3.48  68.5
LO-S-1046 2a,2b,2c,3a,3b 20.90 104.29  83.39   45.8  27.8  22.9  4.48  67.5
LO-S-1047 2a,2b,2c,3a,3b 22.36 106.48  84.12   44.0  28.0  22.3  4.33  67.4
LO-S-1048 2a,2b,2c,3a,3b  0.54  88.26  87.72   44.0  29.7  27.0  3.57  68.4
LO-S-1049 2b,2c,3a,3b     2.36  82.62  80.26   44.8  29.1  23.9  3.50  68.5
LO-S-1050 2b,2c,3a,3b,    4.31  77.16  72.85   45.1  27.4  23.8  3.77  67.9
          3c,4a 
LO-S-1051 2b,2c,3a,3b     3.64  64.02  60.38   46.4  27.8  25.7  3.67  68.3
LO-S-1052 2a,2b,2c,3a,3b  0.79  88.74  87.95   44.5  29.6  27.0  3.38  68.9
LO-S-1053 2a,2b,2c,3a,3b 30.48 114.43  83.95   46.4  26.3  21.2  4.49  67.2
LO-S-1054 2a,2b,2c,3a,3b 20.70 118.69  97.99   44.6  29.1  25.4  4.25  67.8
LO-S-1055 2a,2b,2c,3a,3b 42.42 161.80 119.38   44.7  28.2  25.3  4.32  67.5
LO-S-1056 2a,2b,2c,3a,3b 81.22 183.29 102.07   44.9  29.6  24.0  3.78  68.6
LO-S-1057 2a,2b,2c,3a,3b 72.00 172.02 100.02   43.4  30.4  30.0  3.14  68.4
LO-S-1058 2a,2b,2c,3a,3b 64.39 163.54  99.15   44.8  28.9  25.2  3.59  68.5
LO-S-1059 2a,2b,2c,3a,3b 77.40 169.94  92.54   44.0  29.8  22.0  3.18  68.7
LO-S-1060 2a,2b,2c,3a,3b 67.17 155.84  88.67   45.3  29.4  22.0  4.87  67.2
LO-S-1061 2a,2b,2c,3a,3b 41.15 134.42  93.27   45.0  29.5  24.4  4.65  67.4
LO-S-1062 3a,3b           3.59  29.05  25.46   48.5  26.6  25.4  5.31  67.0
LO-S-1063 2c,3a,3b        5.69  50.35  44.66   47.2  27.3  23.5  5.64  66.3
LO-S-1065 2c,3a,3b        1.67  54.30  52.63   45.0  27.8  28.2  3.36  69.2
LO-S-1066 2b,2c,3a,3b     2.70  63.54  60.84   45.4  27.7  24.6  3.59  69.1
LO-S-1067 2b,2c,3a,3b     2.95  66.70  63.75   46.0  27.5  24.4  3.15  68.9
LO-S-1068 2b,2c,3a,3b     1.72  70.40  68.68   44.6  28.5  24.6  2.94  69.6
---------------------------------------------------------------------------

Note: Iron assays are total iron; all reported lengths are actual core 
measurements and true widths will be slightly less when adjusted for dip.

Core samples were logged, photographed and split by Adriana's geological team, one half of the core was stored on site and the other half bagged, labeled, and shipped directly to SGS Minerals in Lakefield, Ontario for metallurgical and chemical analysis. In addition to conducting optimum grinding tests prior to the start of routine metallurgical and chemical analysis, the assay program also included a Quality Assurance/ Quality Control ("QA/QC") component that included the insertion of blanks and standards, duplicate samples, replicate assays, and replicate assaying of a portion of the samples at Midland Research Center in Nashwauk, Minnesota, the designated Secondary Lab. Results from the Secondary Lab are pending and are required to finalize the QA/QC program.

About Lac Otelnuk Iron Project

The Lac Otelnuk Iron Project lies within the Labrador Trough in Northern Quebec. The deposit is a Lake Superior-type (Mesabi Range) taconite iron formation. These types of deposits have been the principal source of iron ore mined in the world. The Lac Otelnuk iron formation has been identified over a strike length of approximately 25 kilometres through mapping and exploration drilling in the 1970s.

Full information and detailed results on the exploration program will be contained in the NI 43-101 compliant Mineral Resource Estimate Technical Report that is being completed by WGM. Please refer to Adriana's website for additional information at: www.adrianaresources.com/s/LacOtelnu... .

Mr. Frank Condon, P.Eng., a Director of the Company and a qualified person as defined by NI 43-101, has reviewed and approved the technical disclosure contained in this news release.

About Adriana Resources Inc.

Adriana's goal is to become a fully integrated iron ore producer through continued development of its iron ore port facility in Brazil, through acquisition of iron ore mineral resources in Brazil, and the advancement of the Lac Otelnuk Iron Project in Quebec, Canada.

ON BEHALF OF ADRIANA RESOURCES INC.

Michael J. Beley, President

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