Adriana Resources Inc.
TSX VENTURE : ADI

Adriana Resources Inc.

November 16, 2006 09:30 ET

Adriana Resources Inc.: Completion of Summer Field Program on the Bear Valley Uranium Project, Hornby Bay Basin, Nunavut

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 16, 2006) - Adriana Resources Inc. (the "Company") (TSX VENTURE:ADI) announces the completion of the 2006 summer field program on its wholly owned Bear Valley Uranium ("BVU") Project in Nunavut, Canada.

During the summer of 2006, the Company completed a reconnaissance program of uranium prospecting, sampling, geological mapping, and geophysical surveying covering an area of approximately 1,000 square kilometers in the eastern part of the Hornby Bay Basin.

The BVU Project covers some 350 square kilometers along the eastern edge of the Hornby Bay Basin. The focus of this portion of the program was to evaluate the uranium potential of the Company's wholly owned mineral claims in terms of uranium source, mobilization, and trapping mechanisms in the basement and overlying sedimentary rocks. Previously reported uranium occurrences were confirmed during the fieldwork portion of this program. This program was part of a larger exploration program that included work on the Company's wholly owned adjacent MIE Ni-Cu-PGE Project and the UNAD JV properties, a 50/50 joint venture with UNOR Inc. ("UNOR") (TSX VENTURE:UNI).

The uranium deposit model types thought to occur within the Company's claims include polymetallic (uranium, copper, nickel, and cobalt) veins in Paleoproterozoic basement rocks, basal unconformity deposits within the Hornby Bay Basin and remobilized uranium mineralization in the overlying Hornby Bay and Dismal Lakes group sediments.

The BVU Project consists of two main target areas: Tabb Lake, located at the south end of the property, and the newly discovered Alpha Horizon located northwest of All Night Lake.

Tabb Lake

As part of the information exchange with UNOR (March 6, 2006 news release), the Company received analytical results highlighting anomalous uranium values for the Tabb Lake area. Ten samples were collected along a 280 meter mineralized trend during UNOR's 2005 reconnaissance program in the Tabb Lake area and range from 0.067% U3O8 to 4.803% U3O8 (see table below). Two samples collected during the Company's 2006 field program returned anomalous uranium mineralization.

The Tabb Lake area contains a structurally bounded, down dropped block of Hornby Bay sandstones within metamorphic Paleoproterozoic basement rocks. The exposed sandstone package occurring within the north-south trending graben structure is highly altered and bleached. The Tabb Lake Graben structure is approximately 2.5 kilometers long by 1.0 kilometer wide. It is located approximately 2-3 kilometers West of McGregor Lake and immediately North of Iceburg Creek.

Prospecting the Tabb Lake area identified mineralization in outcrops over a 3 kilometer strike length on the eastern wall of the Tabb Lake Graben. Sulphide mineralization containing chalcopyrite, galena and pyrite occurs together with pitchblende and yellow uranium oxide.

Analytical highlights from the Tabb Lake area (NAD83, zone 11N).



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Sample Sample U U3O8
ID Easting Northing Type Lithology (%) (%)
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205 573658 7416812 Rubble Biotite 0.940 1.109
granitoid
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206 573651 7416808 Outcrop Leucocratic 0.122 0.144
granitoid
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207 573633 7416772 Outcrop Well foliated 0.730 0.861
granitoid
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208 573633 7416772 Rubble Well foliated 1.300 1.534
granitoid
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209 573633 7416748 Talus Rusty 0.530 0.625
granitoid
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210 573629 7416745 Talus Rusty, pyritic 0.057 0.067
gneiss
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211 573668 7416551 Outcrop Granitoid 3.100 3.658
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212 573668 7416551 Float Soil 0.151 0.178
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213 573646 7416564 Talus Altered 4.070 4.803
granitoid
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214 573660 7416531 Float Granitoid 1.270 1.499
float
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465849 572718 7418283 Outcrop Amphibolite 0.077 0.091
465893 573619 7416744 Talus Granitoid 0.098 0.117
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Alpha Horizon

The Alpha Horizon covers an area of approximately 100 square kilometers and consists of a gently dipping, near surface conductive horizon within the lower Dismal Lakes Group sediments. It was originally identified from the Company's 2005 airborne geophysical survey flown as a reconnaissance survey over the All Night Block of the MIE Project. The Company contracted Fugro Airborne Surveys to acquire 1,300 line-kilometers of detailed airborne electromagnetic data to define the horizon more accurately. The recent survey has confirmed the existence and extent of the conductor. The Company interprets this to be a favorable deposition environment of Uranium mineralization.

Quality Assurance and Quality Control Protocols (QA/QC)

All fieldwork for the Bear Valley Uranium program was carried out under the supervision of the Company's in-house qualified person as determined under National Instrument 43-101. Representative grab samples were collected and retained for geochemical analysis. Field duplicate samples were collected as part of the field QA/QC protocols.

Samples collected during the fieldwork were shipped to the Geoanalytical Laboratories at the Saskatchewan Research Council ("SRC") under controlled conditions. The SRC Laboratory is one of the leading facilities in Canada providing analytical services to the uranium exploration industry. The laboratory has developed its own Quality Assurance program.

Mr. Afzaal Pirzada, P.Geo., a Qualified Person under NI 43-101, has approved the technical content of this News Release.

About Adriana Resources Inc.

Adriana Resources Inc. is a mineral exploration and development company with advanced and early staged mineral projects in Canada and Finland. The individuals comprising Adriana's Board have an impressive record in their previous associations in identifying and successfully developing mineral deposits through to production.

ON BEHALF OF ADRIANA RESOURCES INC.

Michael J. Beley, President

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
    (604) 629-0923 (FAX)
    Website: www.adrianaresources.com