Adriana Resources Inc.
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Adriana Resources Inc.
 June 04, 2008
Adriana Commences 2008 Diamond Drill Program on the Company's 100% Owned Lac Otelnuk Project

 
Adriana Resources Inc. ("Adriana" or the "Company") - (TSX-V: ADI, WKN: A0F7EL) is pleased to announce that diamond drilling has resumed on the Company's 100% owned Lac Otelnuk Iron Project in the Labrador Trough, Québec. All of the drill results, assays and technical data from the 2007 drill campaign are compiled and will form the basis for drilling in 2008.

In 2007, the Company completed 27 diamond drill holes totaling 2,191 meters on the South Zone of the Lac Otelnuk Iron Deposit. Results from the drilling indicate good lateral continuity of the iron formation and a significant increase in stratigraphic thickness as compared with drilling in the 1970's. The 2008 diamond drill program will focus on completing the remaining 40 holes (approximately 4,000 meters) required to test the 9,000-meter strike length of the South Zone; as recommended by Watts Griffis and McOuat Limited ("WGM"), a Toronto-based firm of independent consulting geologists and engineers contracted by Adriana to act as technical consultants to the project.

The diamond drill program is designed to define a National Instrument ("NI") 43-101 compliant inferred mineral resource estimate on the South Zone of the Lac Otelnuk iron deposit. Upon completion of drilling the South Zone, drilling will focus on extending the strike length of the deposit towards the North Zone, probing the limits of the deposit to the southeast, and testing other related magnetic anomalies. The Company recently staked 123 new claims totaling 5933.82 hectares in and around the Lac Otelnuk Project, bringing the total land position to 36,678.63 hectares.

"The Lac Otelnuk Iron Project is proving to be a significant iron formation. Recent drilling indicates that the mineralized zone is considerably thicker than indicated in the 1970s," commented Michael Beley, President of Adriana, "We look forward to the continued development of the Lac Otelnuk Iron Deposit as we seek to outline a NI 43-101 compliant resource. Lac Otelnuk could become a long term strategic asset for the world steel mills as a high quality magnetic concentrate for pellet feed."

The attached Table, "Lac Otelnuk Project - 2007 Drill Summary" contains the weighted average grades of the stratigraphic sub-units of the formation on the basis of an 18% Davis Tube Weight Recovery (DTWR) cut-off grade. Iron (% Fe) and silica (%SiO2) values for both head sample and magnetite concentrate are provided. Assaying was carried out by SGS Minerals and Midland Research Laboratories under Quality Control / Quality Assurance procedures prepared and audited by WGM. For further information and a copy of the "Drill Hole Location Base Map" and "Lac Otelnuk Drill Hole Program" drawings please refer to Adrian's website at:

http://www.adrianaresources.com/s/LacOtelnuk.asp

Mr. Frank Condon, Professional Engineer, and Adriana Director, is the Qualified Person as defined in NI 43-101, for the Lac Otelnuk Project. Mr. Condon has reviewed the technical data disclosed in this press release.

About Lac Otelnuk Iron Project

The Lac Otelnuk Iron deposit is a Lake Superior type iron formation or taconite identified over a strike length of approximately 25 kilometers based on exploration drilling (36 holes) in the 1970s and geological and geophysical mapping. The deposit is similar to the taconite deposits of the Mesabi Iron Range in northern Minnesota, where iron mining occurred for over 100 years and continues to expand into the future.

The Lake Superior type iron formations are banded sedimentary rocks composed of iron oxides, magnetite and hematite within chert. The Lac Otelnuk deposit is exposed at surface and dips gently to the northeast at 4 to 5 degrees eventually plunging under a cherty carbonate cap rock. The southwest flank of the deposit outcrops over the entire strike length. The South Zone is open along strike in both directions and down dip, constrained only by the increasing depth of the cap rock and overburden to the northeast.

Pilot plant test work done in 1977, at Lakefield Research, on a 21-ton bulk sample collected from the upper units of the North Zone of the deposit, indicated that the iron formation is amenable to conventional magnetic separation technology, yielding a good concentrate of 68.5% iron with a silica content of 3.5%, suitable for pelletizing.

The Company has retained the services of WGM to provide ongoing technical assistance through its drill program to ensure that the drilling and sampling is conducted in compliance with NI 43-101 guidelines and to industry standards. WGM has assisted the Company in setting up and monitoring its logging, sampling and assaying protocols.

WGM prepared the initial NI 43-101 technical report on the property and consequently is very familiar with the mineralization on the property. This report titled, "A Technical Review of the Lac Otelnuk Iron Property, Labrador Trough Northeastern Quebec for Adriana Resources Inc.", can be viewed at www.sedar.com (file date December 1, 2005). In the report, WGM quoted a "resource" of 623 million tonnes with 33.92% soluble iron and 25.08% magnetic iron within the North Zone and 1.145 billion tonnes of 33.06% soluble iron and 25.76% magnetic iron in the South Zone. The reader should be aware that these historic "mineral resource" estimates were prepared prior to the implementation of NI 43-101 and WGM has neither audited these estimates nor made any attempt to classify them according to NI 43-101 standards or the Council of the Canadian Institute of Mining, Metallurgy and Petroleum definitions ("CIM Standards"). They are presented because the Company and WGM consider them to be relevant and of historic significance. These estimates should not be relied upon and are provided as contextual information only.

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.

For more information, contact Robert Ferguson or Ali Sinawi at (604) 629-0250 or toll free at (877) 629-0150 or visit the Company's website at www.adrianaresources.com.

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 does not accept responsibility for the adequacy or accuracy of this release.

Lac Otelnuk Project - 2007 Drill Summary
Drill Hole
Coordinates
Rock
Unit
From
meters
To
meters
Length
meters
Head
% Fe
Head
% SiO2
DTWR
%
CONC
% Fe
CONC
% SiO2
                   
Some of the #’s below have been automatically rounded due to decimal point calculation.
 
LO-S-1001 2a 38.7 46.5 7.8 29.9 46.4 30.2 69.9 2.3
L210/1000E 2b 46.5 53.6 7.1 33.1 40.8 34.6 70.1 2.2
  2c 53.6 94.6 41.0 26.9 45.6 24.6 68.9 3.2
  Average 38.7 94.6 55.9 28.1 45.1 26.6 69.2 2.9
                   
LO-S-1002 2c 23.0 41.2 18.2 28.2 43.7 24.4 70.6 1.6
L270S/500W                  
                   
LO-S-1003 2b 3.0 8.7 5.7 33.4 37.5 25.7 69.1 2.7
L290/500w 2c 8.7 39.4 30.7 27.1 47.6 26.7 69.3 2.8
  3a 39.4 50.2 10.8 25.1 48.0 10.0 70.3 2.1
  3b 50.2 68.1 18.0 28.3 48.6 28.8 70.1 2.2
  Average 3.0 68.1 65.1 27.7 47.0 24.4 69.7 2.5
                   
LO-S-1004 2a 80.5 83.9 3.4 27.1 46.9 27.0 70.1 2.0
L210S/1500E Hole Lost at 83.9 meters
                   
LO-S-1005 2a 1.2 19.9 18.7 37.8 37.7 42.7 70.3 2.1
L210S/500E 2b 19.9 29.7 9.8 31.7 40.1 28.0 69.7 2.3
  2c 29.7 57.9 28.2 27.5 46.1 26.5 69.9 2.3
  Average 1.2 57.9 56.7 31.6 42.3 32.1 70.0 2.2
                   
LO-S-1006 2b 3.6 4.7 1.1 27.6 47.3 30.7 69.3 2.6
L330S/00 2c 4.7 27.0 22.3 25.7 49.2 29.1 69.2 3.0
  3a 27.0 41.5 14.5 25.7 49.7 24.9 68.5 4.5
  Average 3.6 41.5 37.9 25.8 49.4 27.6 69.0 3.6
                   
LO-S-1007 2a 1.7 5.9 4.2 36.4 34.8 41.3 68.6 2.8
L330S/500E 2b 5.9 17.7 11.8 32.1 44.2 36.9 69.8 2.5
  2c 17.7 41.4 23.7 25.4 47.7 26.8 69.3 3.1
  3a 41.4 47.5 6.1 26.1 48.1 25.1 68.0 5.8
  Average 1.7 47.5 45.8 28.2 45.6 30.5 69.2 3.3
                   
LO-S-1008 2a 2.4 22.4 20.0 35.0 38.4 40.9 69.5 2.8
L310S/500E 2b 22.4 32.1 9.7 25.4 57.2 30.9 69.5 3.0
  2c 32.1 53.7 21.6 27.0 47.4 28.0 69.3 3.6
  Average 2.4 53.7 51.3 29.8 45.8 33.6 69.5 3.2
                   
LO-S-1009 2c 6.6 33.0 26.4 26.4 46.7 26.5 66.7 5.4
L310S/00 3a 33.0 43.0 10.0 25.6 47.1 25.6 67.6 5.0
  Average 6.6 43.0 36.4 26.2 46.8 26.3 67.0 5.3
                   
LO-S-1010 2c 32.4 53.0 20.6 28.0 43.4 22.8 70.7 1.7
L210S/00                  
                   
LO-S-1011 2a 3.2 10.8 7.7 37.6 34.0 43.1 68.1 3.5
L290S/00 2b 10.8 25.9 15.0 27.0 46.6 28.9 67.6 4.3
  2c 25.9 43.8 17.9 27.0 47.0 27.2 68.7 3.0
  3a 43.8 54.0 10.2 25.2 49.7 25.3 67.4 4.9
  3b 54.0 72.5 18.5 27.9 48.9 30.5 68.8 2.8
  Average 3.2 72.5 69.3 28.2 46.4 29.9 68.3 3.6
                   
LO-S-1012 2a 7.5 19.5 11.9 32.1 41.8 31.0 69.1 2.5
L290S/500E 2b 19.5 47.7 28.3 33.9 40.2 39.0 68.6 3.0
  2c 47.7 72.5 24.7 26.2 47.1 25.4 67.2 4.4
  Average 7.5 72.5 65.0 30.6 43.1 32.3 68.1 3.4
                   
LO-S-1013 2c 9.5 30.4 20.9 27.7 42.3 24.0 69.3 1.8
L230S/500W                  
                   
LO-S-1014 2c 10.5 38.1 27.6 27.6 43.9 25.9 70.1 2.1
L50S/00 3b 38.1 59.3 21.2 28.9 48.6 28.5 69.2 3.0
  Average 10.5 59.3 48.8 28.1 45.9 27.0 69.7 2.5
                   
LO-S-1015 2b 3.2 24.1 21.0 32.8 40.3 21.7 69.9 2.1
L50S/500E 2c 24.1 49.1 25.0 28.0 41.9 24.9 69.2 2.2
  Average 3.2 49.1 45.9 30.2 41.2 23.5 69.6 2.2
                   
                   
LO-S 1016 2c 14.6 45.5 30.9 27.4 43.3 22.5 70.2 1.9
L70S/01 3a 45.5 56.0 10.5 28.1 48.7 24.2 70.0 2.7
  Average 14.6 56.0 41.4 27.6 44.7 23.0 70.1 2.1
                   
LO-S-1017 2a 8.0 24.0 16.0 32.3 43.0 34.4 69.5 3.0
L50S/1000E 2b 24.0 42.7 18.7 35.3 37.6 23.9 69.5 2.1
  2c 42.7 73.0 30.3 28.8 44.1 25.1 69.7 2.3
  3a 73.0 81.5 8.5 27.1 46.5 16.3 70.3 2.2
  3b 81.5 100.0 18.5 28.4 48.2 31.0 70.3 2.4
  Average 8.0 100.0 92.0 30.5 43.6 26.8 69.8 2.4
                   
LO-S-1018 2b 2.8 26.3 23.5 34.2 40.4 19.3 69.9 2.9
L70S/500E 2c 26.3 58.0 31.7 28.2 42.9 28.4 69.9 2.2
  3a 58.0 76.4 18.4 27.0 48.7 21.7 69.0 2.0
  Average 2.8 76.4 73.6 29.8 43.6 23.8 69.7 2.4
                   
LO-S-1019 2c 19.0 49.8 30.8 27.0 43.6 25.2 69.1 1.9
L90S/02 3a 49.8 53.8 4.0 26.8 49.3 24.6 69.5 1.9
  3b 53.8 78.0 24.3 26.8 49.6 28.1 69.7 2.3
  Average 19.0 78.0 59.0 26.9 46.5 26.4 69.4 2.1
                   
LO-S-1020 2a 15.3 34.8 19.5 32.4 41.6 33.0 69.0 2.9
L70S/1000E 2b 34.8 53.5 18.7 32.7 42.0 25.1 68.7 3.0
  2c 53.5 83.0 29.5 28.8 42.3 28.5 68.3 3.7
  3a 83.0 90.0 7.0 27.3 48.1 18.4 68.7 4.4
  3b 90.0 101.8 11.8 29.2 47.8 30.9 67.3 5.5
  Average 15.3 101.8 86.5 30.4 43.3 28.3 68.4 3.7
                   
LO-S-1021 2a 25.0 43.3 18.3 33.9 40.5 37.5 68.4 4.3
L90S/1000E 2b 43.3 56.8 13.5 35.5 37.4 33.3 66.6 3.8
  2c 56.8 89.0 32.3 28.0 43.4 24.8 67.2 4.5
  3a 89.0 95.2 6.2 26.6 48.9 13.1 68.6 4.5
  3b 95.2 101.5 6.3 28.0 49.3 28.2 66.8 6.2
  Average 25.0 101.5 76.5 30.6 42.6 28.7 67.5 4.4
                   
LO-S-1022 2b 2.3 27.2 24.9 34.3 39.4 24.0 69.9 2.6
L110S/00 2c 27.2 55.3 28.2 28.0 42.3 26.5 68.8 3.4
  3a 55.3 63.0 7.6 26.7 49.7 15.9 69.1 3.5
  3b 63.0 83.2 20.2 28.9 48.3 33.0 68.8 3.9
  3c 83.2 86.4 3.2 29.1 38.5 28.1 68.8 3.1
  Average 2.3 86.4 84.1 30.0 43.4 26.4 69.2 3.3
                   
LO-S-1023 2b 0.8 31.5 30.7 33.9 40.0 23.9 70.0 2.5
L90S/500E 2c 31.5 58.2 26.7 29.1 43.1 26.3 68.8 3.3
  3a 58.2 60.8 2.5 27.3 47.9 20.6 68.0 4.6
  3b 60.8 85.4 24.6 29.8 54.0 28.1 75.4 4.6
  Average 0.8 85.4 84.6 31.0 45.3 25.8 71.1 3.4
                   
LO-S-1024 2a 11.7 27.4 15.8 32.5 41.1 34.6 66.9 5.7
L110S/1000E 2b 27.4 43.1 15.7 35.7 35.8 40.0 66.7 5.7
  2b,2c 43.1 52.3 9.1 26.3 47.1 27.6 67.3 4.9
  2c 52.3 76.8 24.5 29.2 41.6 25.7 66.3 5.7
  3a 76.8 88.8 12.0 28.2 48.2 17.9 67.8 4.8
  3b 88.8 107.5 18.8 29.1 47.3 27.9 66.5 6.7
  Average 11.7 107.5 95.8 30.4 43.1 29.2 66.8 5.7
                   
LO-S-1025 2a 3.0 31.1 28.1 34.0 39.7 38.3 68.7 3.6
L270S/500E 2b 31.1 37.6 6.6 36.4 36.6 40.7 68.0 3.9
  2b,2c 37.6 48.2 10.6 31.2 43.0 34.5 67.2 4.4
  2c 48.2 66.0 17.7 26.4 45.7 22.7 66.7 4.8
  3a 66.0 77.2 11.2 26.7 48.9 22.9 65.1 7.2
  3b 77.2 80.9 3.7 21.1 47.6 25.2 65.4 5.8
  Average 3.0 80.9 77.9 30.4 43.0 31.6 67.3 4.7
                   
LO-S-1026 2a 1.1 2.4 1.2 36.9 42.1 46.4 68.3 4.4
L230S/500E 2b 2.4 31.7 29.3 35.2 39.8 36.0 68.4 3.0
  2b,2c 31.7 38.0 6.3 26.6 46.4 29.5 66.4 4.8
  2c 38.0 56.6 18.6 27.1 45.1 28.2 64.8 6.3
  3a 56.6 66.3 9.7 26.3 45.8 18.7 65.6 6.4
  3b 66.3 71.8 5.5 26.2 50.5 24.2 66.0 5.7
  Average 1.1 71.8 70.7 30.4 43.4 30.2 66.6 4.7
                   
LO-S-1027 2a 1.3 14.5 13.2 31.2 42.4 31.9 67.6 3.8
L250S/500E 2b 14.5 42.9 28.4 34.0 40.4 33.7 68.4 3.2
  2b,2c 42.9 46.0 3.2 22.9 46.4 22.1 67.3 5.6
  2c 46.0 64.1 18.1 27.0 44.7 22.0 67.5 4.1
  3a 64.1 67.0 2.9 28.2 50.6 20.7 65.7 7.3
  Average 1.3 67.0 65.7 30.7 42.8 29.0 67.9 3.8
                   
  Old drill hole re-assayed
                   
76-130S-2 2a 18.3 46.4 28.1 33.1 38.7 37.5 65.1 5.9
L130S/1000E 2b 46.4 61.6 15.3 23.6 51.2 26.8 62.6 5.8
  Average 18.3 61.6 43.3 29.7 43.1 33.7 64.2 5.8


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