Adriana Announces Completion of the Feasibility Study on the Lac Otelnuk Project 2015-04-22
TORONTO, ONTARIO--(Marketwired - April 22, 2015) - Adriana Resources Inc. ("Adriana" or the "Company") - (TSX VENTURE:ADI) is pleased to announce that it has completed a Feasibility Study ("FS") on the Lac Otelnuk Iron Ore Project ("LOM Project") located in Nunavik, Québec. Lac Otelnuk Mining Ltd. ("LOM") is a joint venture company between Adriana and WISCO International Resources Development & Investment Limited ("WISCO"), of which Adriana owns 40% and WISCO owns 60%.
General 2015-05-10In 2007, Brazore Ltda., an Adriana Resources subsidiary, purchased a strategic development site to construct an iron ore port facility. Potential construction of port facility will take an expected 18-24 months to complete. Permitted to develop Port to handle 45 Mtpa iron ore. Ore will be transhipped from the terminal on the mainland to an offloading facility in deep water.
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