Adriana Resources Inc.
TSX VENTURE : ADI

Adriana Resources Inc.

January 17, 2008 10:39 ET

Adriana Resources Inc.: MIE Project Update

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 17, 2008) - Adriana Resources Inc. ("Adriana" or the "Company") (TSX VENTURE:ADI) announces that it successfully completed its four hole 2,858 meter drill program on the Muskox Intrusion, located in Nunavut, Canada. All three holes drilled into the east side of the Intrusion's axis intersected a mineralized gabbronorite, located above the basal contact of the Muskox Intrusion.

The 2007 Drill Program was designed to test down dip from historical high-grade Copper-Nickel-PGE showings located along the west and east walls of the Muskox Intrusion. The Company drilled an East-West fence of four drill holes across the axis of the Muskox Intrusion at the south end of McGregor Lake (Section Line 7415200N, NAD83). These drill holes also tested coincident magnetic, electromagnetic and density anomalies, which trend along the Intrusion's North-South axis for several kilometers.

Primary magmatic mineralization identified in drill hole MC07-02 (previously reported) is contained within the upper half of a gabbronorite unit. Drill holes MC07-03 & 04 were then drilled at steeper dip angles and were aimed closer to the axis of the Intrusion. Both holes (03 & 04) intersected thicker intervals of the same gabbronorite. Highly encouraging features encountered in these deeper intersections: large (+2cm) irregularly distributed sulphide globules; varitextured intervals, and inclusions, are interpreted to represent a more dynamic magmatic environment at depth.

MC07-02 intercepted 65m of the gabbronorite, located immediately above the basal contact with a pyrrhotite-bearing, quartz-feldspar-biotite gneiss. MC07-04 was drilled to intercept the mineralized unit 100m down dip from MC07-02. It intercepted 102m of the gabbronorite unit. MC07-03 was drilled to intercept the mineralized unit 200m below MC07-02. This hole intersected 90m of the gabbronorite unit and terminated within the gabbronorite. True thicknesses of MC07-03 and -04 are estimated at 90% of intercept length.

The Company's working model suggests that primary magmatic mineralization encountered in the 2007 drill program is related to the feeder dyke lithologies entering the base of the Muskox Intrusion magma chamber.

A diagrammatic cross section is attached at the following link: http://www.ccnmatthews.com/docs/117ADI_map.pdf and is also posted on the Company's website.

Dr. Rebecca Sproule, a Principal Geoscientist with Geo Discovery Group Pty. Ltd. provided advice on the nature and prospectivity of the newly discovered magmatic mineralization. Dr. Sproule has been on site and personally logged and sampled key intervals of the 2007 drill holes.

Samples for the 2007 work program were processed by SGS Mineral Services. Fire assay with ICP-AES finish were performed on Platinum, Palladium and Gold. Copper, Nickel and other metals were subjected to a Sodium Peroxide fusion and dissolved using dilute nitric acid. This is a total digestion process.

The 2007 drill program confirmed the Muskox Intrusion's potential to host primary magmatic sulphide mineralization (Ni, Cu, P.G.E's). This knowledge, combined with an understanding of the Muskox Intrusion's footwall geometry, provide valuable new insights to be applied to future exploration.

Mr. Afzaal Pirzada, P.Geo., the project manager for the MIE Project in 2007, and a Qualified Person under NI 43-101, has approved the technical content of this News Release.

About the Muskox Intrusion

The MIE Project draws its name from one of the world's largest continental-type magmatic events, the Mackenzie Igneous Event depositing an estimated 5 to 10 million cubic meters of magma across Northern Canada. Rare geological events such as these are widely known to host large, copper-nickel and platinum group element (PGE) rich deposits. (For example, the Noril'sk-Talnakh deposits in Russia.)

About Adriana Resources Inc.

Adriana's goal is to become an integrated iron ore producer in Brazil through continued development of its iron ore port facility and through acquisition of iron ore mineral resources. Adriana has mineral exploration projects in Nunavut, Canada, an advanced iron ore project in Quebec, Canada and is advancing an iron-vanadium development project in Finland. The individuals comprising Adriana's Board of Directors have a proven record in identifying and successfully developing mineral deposits through to production.

ON BEHALF OF ADRIANA RESOURCES INC.

"Michael J. Beley", President

Certain information regarding the Company including management's assessment of future plans and operations, may constitute forward-looking statements under applicable securities laws and necessarily involve risks associated with mining exploration and development, volatility of prices, currency fluctuations, imprecision of resource estimates, environmental risks, access to labour and services, competition from other companies and ability to access sufficient capital. As a consequence, actual results may differ materially from those anticipated in the forward-looking statements.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy of this release.

Contact Information

  • Adriana Resources Inc.
    Robert Ferguson
    (604) 629-0250 or Toll Free: 1-877-629-0150
    or
    Adriana Resources Inc.
    Ali Sinawi
    (604) 629-0250 or Toll Free: 1-877-629-0150
    Website: www.adrianaresources.com