Thursday, April 03, 2008 10:03:25 AM
Thursday April 3, 9:15 am ET
VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 3, 2008) - Adriana Resources Inc. ("Adriana" or the "Company") - (TSX VENTURE:ADI - News; WKN:A0F7EL) is pleased to announce assay results from the final 11 holes of its 27-hole 2007 diamond drilling program at its Lac Otelnuk Iron Project in the Labrador Trough, Quebec, Canada.
"Final results from the 2007 drilling program on the South Zone of the Lac Otelnuk Iron Deposit are very favourable, and as seen in the table below, continue to indicate a much thicker mineralized zone than identified during drilling in the 1970s. Drill hole No. LO-S-1024, with an intersection of 95.8 meters at a head grade of 30.4% Fe, clearly indicates that the mineralized zone is considerably thicker than indicated in the 1970s," commented Michael Beley, President of Adriana. "Drilling at the Lac Otelnuk Iron Deposit continues to confirm the opportunity to outline a potential resource. Iron ore prices continue to soar in the global commodity markets and Lac Otelnuk could become a long term strategic asset for the world steel mills as demand for iron continues to build. Of local interest, a Business Standard news service article on March 24, 2008 identified that Government-owned NMDC, India's single largest iron ore producer and exporter, announced they are in talks with Canada's New Millennium Capital Corp. for potential multi-billion dollar capital investment. New Millennium controls iron ore properties southeast of Lac Otelnuk and directly west and northwest of our recent acquisition of the Bedford Iron Prospect."
The table presented below is a preliminary summary of the final 11 drill hole results, weight-averaged on the basis of a Davis Tube Weight Recovery cut-off grade of 20%.
[continued in following link]
http://biz.yahoo.com/ccn/080403/200804030452750001.html?.v=1
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