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5/26/2011 10:04:24 AM - Market Wire
TORONTO, ONTARIO, May 26, 2011 (MARKETWIRE via COMTEX News Network) --
Advanced Explorations Inc. (TSX VENTURE: AXI)(FRANKFURT: AE6) (the "Company" or "AEI") is pleased to announce it has commenced an airborne magnetic survey of its iron sands project located along the north-west coast of the Alaska Peninsula near Port Heiden and about 700 kilometres south-west of Anchorage, Alaska. The purpose of the airborne magnetic survey is to better define the size, shape and distribution of the magnetite bearing sands both onshore and in the offshore area. It is expected that the results from the survey will help shape a Phase 1 exploration program.
The iron sands project comprises of a placer deposit that is attractive primarily for its magnetite content. The deposit area is composed of an active beach and offshore area as well as paleo-beach and terraces. A composite sands sample taken during an initial site visit returned a result of 8.23% Fe2O3 which compares favorably to other iron sands projects.
John Gingerich, President and CEO, commented:
"Airborne magnetic surveying is a rapid and cost effective way to map the distribution and thickness of the magnetite bearing sands. This survey information will be used to guide follow up exploration as we further define the attributes of the deposit. We believe the project's ocean location and proximity to China provide significant economic development advantages, and the magnetic survey is another step toward understanding the asset's true potential".
EDCON-PRJ, based out of Denver, Colorado has been contracted to manage the data acquisition and interpretation. Geophysicist John Seibert is on site and conducting the surveying. Seibert, who is now based in Alaska, is a former Vice President of EDCON-PRJ and has over 35 years of world-wide magnetic data acquisition and aviation experience.
The survey to be flown is 1,322 line kilometres in length, including 1,162 line kilometres of survey line and 160 line kilometres of tie lines. The survey lines will be perpendicular to the coast spaced at 250 metre intervals and the tie lines at 2,000 metre intervals.
ON BEHALF OF THE BOARD
John Gingerich, President & CEO
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John Gingerich, President and CEO, commented:
"We were extremely pleased to have been able to attract yet another experienced and knowledgeable member of the mining industry to our senior management team. In this newly created position, Doug will utilize his managerial background and vast international exploration and joint venture management experience to ensure efficient program implementation and manage the Company's pipeline of projects. Doug will also take charge of new exploration and development opportunities for the Company within the broader iron ore market. With Doug on board to strengthen the team in this strategic area and with a solid cash position, we are looking forward to further focusing our efforts in growing the company".
Prior to joining AEI, Doug Currie held senior and executive management positions with exploration and mining companies in both Canada and Australia. He has a broad depth of experience in numerous commodities, has led grassroots and brownfields gold exploration programs and participated in mineral resource delineation, Feasibility Studies and mine development projects on five continents, exploring for gold, copper-gold, silver-lead-zinc, nickel, uranium, and industrial minerals. Doug has been involved in the discovery of over 25 million ounces of gold in four significant new gold deposits and several satellite deposits near existing mine sites in Western Australia, and in Guinea, West Africa.
He has negotiated and successfully managed international exploration agreements and has participated in several large corporate transactions (mergers-acquisitions) and corporate start-ups. Doug has also participated in the evaluation, due diligence reviews and strategic assessments of exploration properties, mining opportunities and corporate acquisitions.
ON BEHALF OF THE BOARD
John Gingerich, President & CEO
ABOUT Advanced Explorations Inc.
Advanced Explorations Inc., based in Toronto, Ontario, is a resource development company focused on its Roche Bay Iron Ore Project in Nunavut, one of the world's largest developing iron ore districts. The Roche Bay Project is located proximal to a natural deep water harbour on the east coast of the Melville Peninsula in Nunavut, Canada giving it many logistical advantages. The project has an indicated resource of 323 million tonnes, outlined within a small portion of the potential 140 km of banded iron formation. This iron formation incorporates the Roche Bay deposits, the Company's Tuktu deposits and other targeted deposits in areas to the north, south and west of the Company's Roche Bay Project. The preliminary economic assessment from the Roche Bay deposit alone indicates a potential net present value of US $1.1 billion, and the potential for rapid advancement into development of either iron concentrate or high value iron nugget products. The management team has extensive technical, exploration and Canadian Arctic mining expertise to effectively develop the high quality iron ore opportunities on the Melville Peninsula.
This news release also includes forward-looking statements that involve a number of risks and uncertainties. The information reflects numerous assumptions as to industry performance, general business and economic conditions, regulatory and legal requirements, taxes and other matters, many of which are beyond the control of the company. Similarly, this information assumes certain future business decisions that are subject to change. There can be no assurance that the results predicted here will be realized. Actual results may vary from those represented, and those variations may be material.
This news release does not constitute an offer to sell or a solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED WITHIN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Contacts:
Advanced Explorations Inc.
(416) 203-0057 x226
© 2011 MarketWire
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TORONTO, ONTARIO--(Marketwire - June 7, 2011) - Advanced Explorations Inc. (TSX VENTURE:AXI)(FRANKFURT:AE6)(the "Company" or "AEI") is pleased to announce it has completed thefirst round of geotechnical drilling for the port development study atthe Roche Bay iron project located on the coast of the MelvillePeninsula in Nunavut, Canada. The geotechnical program is aninstrumental part of the ongoing feasibility study at Roche Bay andinvolved the drilling of two potential port area alternatives in theRoche Bay, which is a natural deep water harbour within a few kilometresof the project's ore body.
The drilling component for theoffshore port study was completed under the supervision of EBAEngineering Inc., A Tetra Tech Company. The objective was to obtainsamples of the sediments in the bay and to sample the bedrock beneaththe sediments. The port development study is designed to help establishgeotechnical design parameters for the proposed port facility for thefoundation, caissons and anchors required. Split spoon samples weretaken of the subsoil, which included Standard Penetration Testing. Thebedrock was sampled using NQ diamond drilling.
The Phase 2geotechnical study is expected to commence in July 2011 and will be landfocused with drilling for mine infrastructure components.
John Gingerich, President and CEO, commented:
"TheCompany continues to advance the feasibility study of its Roche Bayiron project, and it is exciting to see things take shape such as toclarifying the port location and structure. We are also continuing theexploration program on our Tuktu project and have now two drills coringon Tuktu with analytical results expected in the very near future."
ON BEHALF OF THE BOARD
John Gingerich, President & CEO
Quelle: http://www.stockhouse.com/Bullboards/MessageDetail.aspx?p=0&…
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TORONTO, ONTARIO - (Marketwire - 7. Juni 2011) - Advanced Explorations Inc. (TSX VENTURE: AXI) (FRANKFURT: AE6) (das "Unternehmen" oder "AEI") freut sich bekanntzugeben, es hat ihrerstes Runde der geotechnischen abgeschlossen Bohren für die Hafenentwicklung Studie atthe Roche Bay Projekt Eisen an der Küste des MelvillePeninsula in Nunavut, Kanada. Die geotechnischen Programm aninstrumental Rahmen der laufenden Machbarkeitsstudie bei Roche Bay andinvolved das Bohren von zwei möglichen Hafengebiet Alternativen in theRoche Bay, einem natürlichen Tiefwasserhafen ist in wenigen kilometresof des Projekts Erzkörper.
Die Bohr-Komponente für theoffshore Port Studie wurde unter der Aufsicht von EBAEngineering Inc., A Tetra Tech Company abgeschlossen. Das Ziel war, obtainsamples der Sedimente in der Bucht und auf das Fundament beneaththe Sedimente Probe. Die Entwicklung des Hafens Studie soll establishgeotechnical Design-Parameter für die geplante Hafenanlage für thefoundation, Caissons und Anker benötigt Hilfe. Split Löffel Proben des Untergrunds, die Standard Penetration Testing inklusive weretaken. Thebedrock wurde abgetastet mit NQ Diamantbohrungen.
Die Phase 2geotechnical Studie wird voraussichtlich im Juli 2011 beginnen und wird mit Bohrung für Mineninfrastruktur Komponenten landfocused werden.
John Gingerich, Präsident und CEO, kommentierte:
"Die Firma, weiterhin die Machbarkeitsstudie der Roche Bayiron Projekt voranzubringen, und es ist spannend zu sehen, die Dinge Gestalt annehmen, wie toclarifying den Hafen Lage und Struktur. Wir sind auch weiterhin theexploration Programm auf unserer Tuktu Projekt und haben nun zwei Bohrgeräte coringon Tuktu mit analytischen Ergebnisse in sehr naher Zukunft erwartet. "
IM NAMEN DES BOARD
John Gingerich, President & CEO
Quelle: http://www.stockhouse.com/Bullboards/MessageDetail.aspx?p=0 & ... melden
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Advanced Explorations' Tuktu Iron Project Drill Program Meets Objective Early
TORONTO, ONTARIO--(Marketwire - June 29, 2011) - Advanced Explorations Inc. (TSX VENTURE:AXI)(FRANKFURT:AE6) (the "Company" or "AEI") is pleased to announce it is nearing completion of its Tuktu drill program. Drill fences at 400 metre intervals utilizing 2 drills are testing the 2.6 km strike of Tuktu 1. Holes 12 and 13 are currently being drilled, and previous drill holes are designed to test the banded iron formation (BIF) to depths of 250 metres on average with the deepest hole to date going 311 metres.
The Company recently completed a ground magnetometer survey over the Tuktu 1 target area, and the results have been very useful for mapping the distribution of the magnetite within the iron formation helping geologists optimize the drill plan. The steeply dipping BIF mineralization remains open at depth and drill logging results are consistent with the previous geologic mapping. AEI will also be initiating a program of additional surface mapping and sampling to better characterize the Tuktu 1 mineralization. This program will also extend onto the other 10 adjoining claims to better understand the discovery potential of the Tuktu area.
John Gingerich, President and CEO, commented:
"We anticipate we will complete sufficient drilling over the next few weeks to properly delineate the resource. The program has been highly successful, and the target objective for 2011 will be completed ahead of schedule. We believe a second phase drill program will not be required as we will have enough drilling to complete a NI 43-101 compliant resource report as planned. While we experienced a challenging start of the program, the overall project performance has allowed us to complete our target in a single campaign and we expect initial assay results from our Tuktu project soon. The accelerated program also allows us to effectively communicate the project opportunity to potential partners".
AEI continues to move forward on its Roche Bay Feasibility Study process as commenced with the engagement of Wardrop Engineering Inc, a Tetra Tech Company earlier this year. Following approval as set forth in the Management Information Circular (May 30th, 2011) at today's Annual General and Special Meeting and completion of the Company's Tuktu drill program, AEI anticipates starting its feasibility drilling program at Roche Bay.
ON BEHALF OF THE BOARD
John Gingerich, President & CEO
ABOUT Advanced Explorations Inc.
Advanced Explorations Inc., based in Toronto, Ontario, is a resource development company focused on its Roche Bay Iron Ore Project in Nunavut, one of the world's largest developing iron ore districts. The Roche Bay Project is located proximal to a natural deep water harbour on the east coast of the Melville Peninsula in Nunavut, Canada giving it many logistical advantages. The project has an indicated resource of 323 million tonnes, outlined within a small portion of the potential 140 km of banded iron formation. This iron formation incorporates the Roche Bay deposits, the Company's Tuktu deposits and other targeted deposits in areas to the north, south and west of the Company's Roche Bay Project. The preliminary economic assessment from the Roche Bay deposit alone indicates a potential net present value of US $1.1 billion, and the potential for rapid advancement into development of either iron concentrate or high value iron nugget products. The management team has extensive technical, exploration and Canadian Arctic mining expertise to effectively develop the high quality iron ore opportunities on the Melville Peninsula.
This news release also includes forward-looking statements that involve a number of risks and uncertainties. The information reflects numerous assumptions as to industry performance, general business and economic conditions, regulatory and legal requirements, taxes and other matters, many of which are beyond the control of the company. Similarly, this information assumes certain future business decisions that are subject to change. There can be no assurance that the results predicted here will be realized. Actual results may vary from those represented, and those variations may be material.
This news release does not constitute an offer to sell or a solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED WITHIN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
CONTACT INFORMATION:
Advanced Explorations Inc.
(416) 203-0057 x226
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!"#$%!&!'#!$
Advanced Explorations Inc. Obtains Shareholder Approval for
XinXing Pipes Group Joint Venture Agreement
(TSX VENTURE: AXI)
(FRANKFURT: AE6)
TORONTO, ONTARIO--(Marketwire - June 30, 2011) - Advanced Explorations Inc. (the
"Company" or "AEI") is pleased to announce positive voting results from its June 29th Annual
General and Special Meeting ("AGM") including a 99 % approval vote for the proposed Joint
Venture with XinXing Pipes Group ("XXP") as further described in the Management
Information Circular dated May 30th, 2011. The results of the AGM are being submitted to the
TSX Venture Exchange to obtain regulatory approval.
In addition, two new directors have been appointed to the AEI board: Mr. Zeng Yaogan, XXP's
nominee for the AEI board, and Mr. Robert Telewiak.
John Gingerich, President and CEO, commented:
"The strong vote of our shareholders in favour of the Company entering into a Joint
Venture with XXP demonstrated their confidence in our business strategy for our flagship
asset at Roche Bay. With Messrs. Telewiak and Zeng being welcomed to our board, we
have further strengthened our team and also provided our partner with an opportunity to
actively be involved as AEI is moving forward. We are also very appreciative of Bernie
Swarbrick's longstanding contributions to the board of directors of AEI and look forward
to benefiting from his continued involvement and executive role as Vice President,
Capital Projects & Studies to the Company".
Zeng Yaogan is the Vice President and Secretary of the Board of Directors of Shenzhen (China)
listed company XinXing Ductile Pipes Co. Ltd.("XDIP") (Ticker: 000778). Mr. Zeng joined
XDIP in 1982, and has over 30 years of operational experience within the Chinese Steel and Iron
industry. His role in XDIP has evolved from a technology focus to managing XDIP's investments
and securities related matters. Mr. Zeng has been Secretary of the Board of XDIP since 1997,
and Vice President of XDIP since 2006.
Prior to joining the AEI board of directors, Robert Telewiak was the senior vice president
environment, health and safety for Falconbridge from 1996-2006 and has held executive
positions with Natural Resources Canada spreading over 20 years from 1976 to 1996. With his
wealth of experience, Mr. Telewiak has contributed to the board of numerous industry
associations, such as the Mining Association of Canada.
Once AEI obtains all the required regulatory approvals, the company will work with XXP to
quickly conclude the Feasibility and Joint Venture process.
ON BEHALF OF THE BOARD
John Gingerich, President & CEO
ABOUT Advanced Explorations Inc.
Advanced Explorations Inc., based in Toronto, Ontario, is a resource development company
focused on its Roche Bay Iron Ore Project in Nunavut, one of the world's largest developing iron
ore districts. The Roche Bay Project is located proximal to a natural deep water harbour on the
east coast of the Melville Peninsula in Nunavut, Canada giving it many logistical advantages.
The project has an indicated resource of 323 million tonnes, outlined within a small portion of
the potential 140 km of banded iron formation. This iron formation incorporates the Roche Bay
deposits, the Company's Tuktu deposits and other targeted deposits in areas to the north, south
and west of the Company's Roche Bay Project. The preliminary economic assessment from the
Roche Bay deposit alone indicates a potential net present value of US $1.1 billion, and the
potential for rapid advancement into development of either iron concentrate or high value iron
nugget products. The management team has extensive technical, exploration and Canadian
Arctic mining expertise to effectively develop the high quality iron ore opportunities on the
Melville Peninsula.
This news release also includes forward-looking statements that involve a number of risks and
uncertainties. The information reflects numerous assumptions as to industry performance,
general business and economic conditions, regulatory and legal requirements, taxes and other
matters, many of which are beyond the control of the company. Similarly, this information
assumes certain future business decisions that are subject to change. There can be no assurance
that the results predicted here will be realized. Actual results may vary from those represented,
and those variations may be material.
This news release does not constitute an offer to sell or a solicitation of an offer to sell any
securities in the United States. The securities have not been and will not be registered under the
United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state
securities laws and may not be offered or sold within the United States or to U.S. Persons unless
registered under the U.S. Securities Act and applicable state securities laws or an exemption
from such registration is available.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES
PROVIDER (AS THAT TERM IS DEFINED WITHIN THE POLICIES OF THE TSX
VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR
ACCURACY OF THIS RELEASE.
For further information: (416) 203-0057 x226
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(TSX VENTURE: AXI)
(FRANKFURT: AE6)
TORONTO, ONTARIO--(Marketwire - July 14, 2011) - Advanced Explorations Inc. (the "Company" or "AEI") is pleased to announce initial drill results from its Tuktu Iron Project located in Nunavut, Canada. Drill intercepts to date confirm that Tuktu has a drill defined strike length of over 2000 metres of Banded Iron Formation ("BIF") of the 2,600 metres of mapped strike on surface. The entire bedrock intersection of hole 11TT007 was within BIF with occasional narrow dykes, with 167.1 metres grading 31.8% Fe. Mineralization within this drill hole increases to the northeast with the bottom 65.3 metres grading 32.2% Fe.
Drill hole 11TT002, drilled approximately 350 metres along strike to the west of hole 11TT007, intersected 71.74 metres of BIF averaging 32.8% Fe before encountering 22 metres of metasediments and then re-entered BIF. Drill hole 11TT001 intersected a zone of significant structural complexity with alteration and limited zones of BIF within the first 112 metres and terminated in a thick sequence of metasediments. The zone corresponds on surface with a mapped mafic dyke. Detailed geologic work will be done to assess the economic potential of the structural zone for other types of mineralization.
Summary Table
Drillhole
From (m)*
To (m)*
Interval* (m)
% Fe2O3
% Fe
11TT001
6.53
112.39
105.86
33.64
23.53
complete prelim. data
including
6.53
24.95
18.42
41.39
28.95
complete prelim. data
and
85.00
110.00
25.00
41.96
29.34
complete prelim. data
11TT002
3.61
75.35
71.74
46.85
32.77
complete prelim. data
11TT007
5.80
215.00
209.20
43.74
30.41
complete prelim. data
including
47.90
215.00
167.10
45.70
31.78
en route to lab
and
81
124.4
43.4
47.65
33.14
en route to lab
and
149.7
215
65.3
46.25
32.16
* downhole length, not true width
To date, the Company has received only partial results from holes 11TT003 and 11TT004, and these holes and others will be released once complete data is obtained and reviewed by the geologic team responsible for the drilling.
John Gingerich, President and CEO, commented:
"We are very pleased with the preliminary results from our Tuktu Project as they demonstrate high BIF grades associated with Tuktu 1. The initial assays confirm our expectations of Tuktu, and we remain confident the Tuktu 1 deposit will prove to be an important addition to AEI's high quality iron ore assets."
All holes are drilled at -45 degrees and at 40 to 45 degrees azimuth. All samples were prepared from sawn NQ-sized half-core sections on site in Nunavut. Split drill core samples are then sent to Ancaster, Ontario for analyses. Total iron analysis is performed using X-ray fluorescence (XRF) and the magnetic component is determined by Satmagan magnetic analysis. Standards, blanks, and duplicate assays are included at regular intervals in each sample batch submitted from the field as part of an ongoing Quality Assurance/Quality Control program. AEI's Tuktu program is supervised by Steve Roebuck, P.Geo., the Vice President, Exploration for AEI and a Qualified Person as defined by NI 43-101. Mr. Roebuck has reviewed and is responsible for the technical information contained in this news release.
ON BEHALF OF THE BOARD
John Gingerich, President & CEO
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7/21/2011 10:30:15 AM - Market Wire
TORONTO, ONTARIO, Jul 21, 2011 (Marketwire via COMTEX News Network) --
Advanced Explorations Inc. (the "Company" or "AEI") (TSX VENTURE:AXI)(FRANKFURT:AE6) is pleased to announce further drill results from its Tuktu Iron Ore Project located in Nunavut, Canada. Hole 11T003 intercepted 44.35 metres of quality banded iron formation (BIF) grading 32% Fe within a broader 148.37 metre interval of BIF grading approximately 31% Fe (see table below).
John Gingerich, President and CEO, commented:
"We are very pleased with the assay results from the first five drill holes from our Tuktu Project as they continue to demonstrate higher grade Banded Iron Formation (BIF) associated with Tuktu 1. The mineralization appears to be very consistent over the entire drilled BIF interval. Ground magnetometer surveying affirms the previous limits of the Tuktu 1 deposit being 2,600 metres in strike and up to 700 metres in width locally. The apparent consistency and thicknesses of the BIF grades reported to date bodes well for the project. Our goal is to complete a NI 43-101 compliant resource estimate for Tuktu this fall, and the program is on track to meet this objective".
Presented in the table below are the results for drill holes 11TT003 & 11TT004 which were drilled 400 metres south east of the previously announced drill holes 11TT001 and 11TT002 and 600 metres south east of 11TT007. Drill hole 11T004 intersected approximately 104 m of metasediments before entering into quality BIF.
Summary Table
--------------------------------------------------
Interval(i)
Drillhole From (m)(i) To (m)(i) (m) % Fe2O3 % Fe
--------------------------------------------------
11TT003 3.00 151.37 148.37 44.08 30.83
--------------------------------------------------
including 3.00 70.00 67.00 45.34 31.71
--------------------------------------------------
and 105.65 150.00 44.35 45.75 32.00
--------------------------------------------------
11TT004 104.95 283.84 178.89 41.50 29.03
--------------------------------------------------
including 143.00 283.84 140.84 43.80 30.61
--------------------------------------------------
including 165.00 283.84 118.84 44.59 31.19
--------------------------------------------------
(i) downhole length, not true width
To date, the Company has received only partial results from holes 11TT005A, 11TT006, 11TT008 and 11TT009. These holes and others will be released once complete data is obtained and reviewed by the geologic team responsible for the drilling.
All holes are drilled at -45 degrees and at 40 to 45 degrees azimuth. All samples were prepared from sawn NQ-sized half-core sections on site in Nunavut. Split drill core samples are then sent to Activation Laboratories Inc. of Ancaster, Ontario for analyses. Total iron analysis is performed using X-ray fluorescence (XRF) and the magnetic component is determined by Satmagan magnetic analysis. Standards, blanks, and duplicate assays are included at regular intervals in each sample batch submitted from the field as part of an ongoing Quality Assurance/Quality Control program. AEI's Tuktu program is supervised by Steve Roebuck, P.Geo., the Vice President, Exploration for AEI and a Qualified Person as defined by NI 43-101. Mr. Roebuck has reviewed and verified the technical information contained in this news release.
ON BEHALF OF THE BOARD
John Gingerich, President & CEO
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Advanced Explorations Inc.
TSX VENTURE : AXI
FRANKFURT : AE6
July 27, 2011 05:00 ET
Advanced Explorations Inc. Intercepts 264 Metres of 33% Iron at Tuktu Project-Includes 9 Metres of 50% Iron
TORONTO, ONTARIO--(Marketwire - July 27, 2011) - Advanced Explorations Inc. (the "Company" or "AEI") (TSX VENTURE:AXI)(FRANKFURT:AE6) is pleased to announce the latest drill results from its Tuktu Iron Ore Project located in Nunavut, Canada. Drill-hole 11TT008 intercepted 9.04 metres of quality banded iron formation ("BIF") grading 50.19% Fe within a broader 283.07 metre interval of BIF grading 32.36% Fe (see table below).
John Gingerich, President and CEO, commented:
"The Tuktu assay results continue to impress us. We are reporting very long intercepts of 32% to 33% iron, and now we have found a high grade lens that grades over 50% iron in drill-hole 11TT008. This is a very significant discovery and represents some of the highest grade iron we have found on the Melville Peninsula. Unfortunately, this hole terminated within high grade BIF and thus, the full extent is not known. Defining the surface exposure along with strike and width of the high grade lens is an important next step to defining the potential of direct ship ore ("DSO") at Tuktu".
Presented in the table below are the results for drill holes 11TT008 & 11TT009, both collared on the same section, which were drilled approximately 400 metres south east of the previously announced drill holes 11TT003 and 11TT004. Drill-hole 11TT008 was planned to go to a depth of 325 metres but stopped short due to technical reasons.
| Summary Table |
| Drill hole | From (m)* | To (m)* | Interval* (m) | % Fe2O3 | % Fe |
| 11TT008 | 11.97 | 295.04 | 283.07 | 46.27 | 32.36** |
| including | 30.47 | 295.04 | 264.57 | 47.16 | 32.98 |
| including | 286.0 | 295.04 | 9.04 | 71.76 | 50.19 |
| 11TT009 | 2.65 | 161.79 | 159.14 | 45.63 | 31.91 |
| * | down-hole length, not true width |
| ** | includes 5.52 m of granite from 24.95m – 30.47m |
To date, the Company has received only partial results from holes 11TT005A, 11TT006. These holes and others will be released once complete data is obtained and reviewed by the geologic team responsible for the drilling.
All holes are drilled at -45 degrees and at 40 to 45 degrees azimuth. All samples were prepared from sawn NQ-sized half-core sections on site in Nunavut. Split drill core samples are then sent to Activation Laboratories Inc. of Ancaster, Ontario for analyses. Total iron analysis is performed using X-ray fluorescence (XRF) and the magnetic component is determined by Satmagan magnetic analysis. Standards, blanks, and duplicate assays are included at regular intervals in each sample batch submitted from the field as part of an ongoing Quality Assurance/Quality Control program. AEI's Tuktu program is supervised by Steve Roebuck, P.Geo., the Vice President, Exploration for AEI and a Qualified Person as defined by NI 43-101. Mr. Roebuck has reviewed and verified the technical information contained in this news release.
ON BEHALF OF THE BOARD
John Gingerich, President & CEO
ABOUT Advanced Explorations Inc.
Advanced Explorations Inc., based in Toronto, Ontario, is a resource development company focused on its Roche Bay Iron Ore Project in Nunavut, one of the world's largest developing iron ore districts. The Roche Bay Project is located proximal to a natural deep water harbour on the east coast of the Melville Peninsula in Nunavut, Canada giving it many logistical advantages. The project has an indicated resource of 323 million tonnes, outlined within a small portion of the potential 140 km of banded iron formation. This iron formation incorporates the Roche Bay deposits, the Company's Tuktu deposits and other targeted deposits in areas to the north, south and west of the Company's Roche Bay Project. The preliminary economic assessment from the Roche Bay deposit alone indicates a potential net present value of US $1.1 billion, and the potential for rapid advancement into development of either iron concentrate or high value iron nugget products. The management team has extensive technical, exploration and Canadian Arctic mining expertise to effectively develop the high quality iron ore opportunities on the Melville Peninsula.
This news release also includes forward-looking statements that involve a number of risks and uncertainties. The information reflects numerous assumptions as to industry performance, general business and economic conditions, regulatory and legal requirements, taxes and other matters, many of which are beyond the control of the company. Similarly, this information assumes certain future business decisions that are subject to change. There can be no assurance that the results predicted here will be realized. Actual results may vary from those represented, and those variations may be material.
This news release does not constitute an offer to sell or a solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED WITHIN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Contact Information
- Advanced Explorations Inc.
(416) 203-0057 begin_of_the_skype_highlighting (416) 203-0057 end_of_the_skype_highlighting x226
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(TSX VENTURE: AXI)
(FRANKFURT: AE6)
TORONTO, ONTARIO--(Marketwire - Aug. 10, 2011) - Advanced Explorations Inc. (the "Company" or "AEI") is pleased to provide an update on recent field activities relating to its iron and other mineral prospects on the Melville Peninsula in Nunavut, Canada. As part of the feasibility study at its flagship Roche Bay Iron Project, the Company has commenced a resource expansion drill program on the project's C-Zone. Drill hole RBC-11-93 has been completed to its planned depth of 175 metres and the drill has now collared on its second hole. Additionally, geotechnical engineers from Wardrop Engineering Inc. and EBA Engineering Consultants Inc., two Tetra Tech Companies have just completed a site visit to the Roche Bay Project in order to evaluate potential sites for infrastructure and port development.
Advanced Explorations has further increased its efforts to secure lands relevant to mineral showings on the West Melville Peninsula and has completed additional staking and prospecting within an underexplored, three billion year old greenstone belt. The Company targeted prospective formations that it believed to be similar to the nearby Adamson River nickel showing as described by the Geological Survey of Canada (Open File 6729 with assayed grades up to 8% nickel).
John Gingerich, President and CEO, commented:
"To date, this has been an extremely successful and active exploration season for the Company. With the ongoing work on the feasibility study, high quality results from our Tuktu project and an increased interest in the mineral showings on the West Melville, we are very confident in creating further value in all of our assets".
As part of its on-going environmental program, the Company has also continued to undertake environmental surveys at both Tuktu and Roche Bay projects. Surveys include baseline water sampling, marine and terrestrial mammal surveys (including caribou), raptor and breeding bird surveys, as well as archaeological work. This program constitutes the sixth year of baseline environmental studies for the Roche Bay area, and the initial year of study at the Company's Tuktu Project.
AEI also remains committed to its Alaska Iron Sands Project option (press released May 26th, 2011). Work has been delayed to focus on the Roche Bay Feasibility Study and the increased West Melville activities. The Company anticipates initiating the work program in early Q4 of this year.
Steve Roebuck, P.Geo., the Vice President, Exploration for AEI is a Qualified Person as defined by NI 43-101 and has reviewed and verified the technical information contained in this news release.
ON BEHALF OF THE BOARD
John Gingerich, President & CEO
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"Bis heute hat dies eine äußerst erfolgreiche und aktive Exploration Saison für das Unternehmen gewesen. Mit den laufenden Arbeiten an der Machbarkeitsstudie, qualitativ hochwertige Ergebnisse aus unseren Tuktu Projekt und ein erhöhtes Interesse an der Mineral-Vorführungen auf der West Melville, sind wir sehr zuversichtlich in die Schaffung weiterer Wert in all unseren Vermögenswerten ".
Als Teil seiner laufenden Umweltprogramm, hat das Unternehmen auch weiterhin Umweltuntersuchungen an beiden Tuktu und Roche Bay Projekte zu übernehmen. Umfragen gehören Baseline Wasserproben, marinen und terrestrischen Säugetier Erhebungen (einschließlich Karibus), Raptor und Brutvogel Umfragen sowie archäologischen Arbeiten. Dieses Programm stellt das sechste Jahr der Grundlinie Umweltstudien für die Roche Bay Area, und das erste Jahr des Studiums an der Gesellschaft Tuktu Project.
AEI auch hält an seiner Alaska Eisen Sands Project Option (Presse freigegeben 26. Mai 2011). Die Arbeit hat sich verzögert auf dem Roche Bay Feasibility Study und die erhöhte Westen Melville zu konzentrieren. Das Unternehmen erwartet, die Eröffnung des Arbeitsprogramms im frühen 4. Quartal dieses Jahres.
Steve Roebuck, P. Geo., Vice President für Exploration bei AEI ist eine qualifizierte Person gemäß NI 43-101 und hat überprüft und die technischen Informationen in verified dieser Pressemitteilung. IM NAMEN DES BOARD John Gingerich, President & CEO
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Advanced Explorations Inc. Intersects 237 Metres of 33% Iron at Tuktu Project-Includes 6 Metres of 50% Iron
TORONTO, ONTARIO--(Marketwire - Aug. 17, 2011) - Advanced Explorations Inc. (the "Company" or "AEI") (TSX VENTURE:AXI)(FRANKFURT:AE6) is pleased to announce further drill results from its Tuktu Iron Ore Project located in Nunavut, Canada. Drill-hole 11TT010 intercepted 6 metres of high quality banded iron formation (BIF) grading 50.27% Fe within a broader 236.58 metre interval of BIF grading 32.69% Fe (see table below). This same broad interval also included 16 metres of 40.75% iron.
John Gingerich, President and CEO, commented:
"Drill-hole 11TT010 is another great hole with a plus 235 metre intercept of
high quality iron. Along with hole 11TT008 we have now intersected a 50%
iron horizon in two parallel drill-holes over 200 metres apart along strike
length. It is very encouraging to see consistency in grade, width and higher
grade intercepts over a broad scale. The Tuktu drill results demonstrate the
outstanding potential of the district's iron formations and the prospect for
high grade BIF deposits".
Presented in the table below are the results for drill holes 11TT006, 11TT010 & 11TT013; drill-holes 11TT006 and 11TT013 terminated in BIF.
Summary Table
--------------------------------------------------
Interval(i)
Drill-hole From (m)(i) To (m)(i) (m) % Fe2O3 % Fe
--------------------------------------------------
11TT010 40.69 277.27 236.58 46.74 32.69
--------------------------------------------------
including 244.00 260.00 16.00 58.26 40.75
--------------------------------------------------
including 244.00 250.00 6.00 71.87 50.27
--------------------------------------------------
11TT006 11.38 24.00 12.62 42.11 29.45
--------------------------------------------------
and 72.50 162.00 89.50 47.13 32.96
--------------------------------------------------
11TT013 10.40 67.13 56.73 45.89 32.10
--------------------------------------------------
and 111.66 172.72 61.06 43.73 30.58
--------------------------------------------------
(i) down-hole length, not true width
All holes are drilled at -45 degrees and at 40 to 45 degrees azimuth. All samples were prepared from sawn NQ-sized half-core sections on site in Nunavut. Split drill core samples are then sent to Activation Laboratories Inc. of Ancaster, Ontario for preparation and analyses. Total iron analysis is performed using X-ray fluorescence (XRF) and the magnetic component is determined by Satmagan magnetic analysis. Standards, blanks, and duplicate assays are included at regular intervals in each sample batch submitted from the field as part of an ongoing Quality Assurance/Quality Control program. AEI's Tuktu program is supervised by Steve Roebuck, P.Geo., the Vice President, Exploration for AEI and a Qualified Person as defined by NI 43-101. Mr. Roebuck has reviewed and verified the technical information contained in this news release.
ON BEHALF OF THE BOARD
John Gingerich, President & CEO
ABOUT Advanced Explorations Inc.
Advanced Explorations Inc., based in Toronto, Ontario, is a resource development company focused on its Roche Bay Iron Ore Project in Nunavut, one of the world's largest developing iron ore districts. The Roche Bay Project is located proximal to a natural deep water harbour on the east coast of the Melville Peninsula in Nunavut, Canada giving it many logistical advantages. The project has an indicated resource of 323 million tonnes, outlined within a small portion of the potential 140 km of banded iron formation. This iron formation incorporates the Roche Bay deposits, the Company's Tuktu deposits and other targeted deposits in areas to the north, south and west of the Company's Roche Bay Project. The preliminary economic assessment from the Roche Bay deposit alone indicates a potential net present value of US $1.1 billion, and the potential for rapid advancement into development of either iron concentrate or high value iron nugget products. The management team has extensive technical, exploration and Canadian Arctic mining expertise to effectively develop the high quality iron ore opportunities on the Melville Peninsula.
This news release also includes forward-looking statements that involve a number of risks and uncertainties. The information reflects numerous assumptions as to industry performance, general business and economic conditions, regulatory and legal requirements, taxes and other matters, many of which are beyond the control of the company. Similarly, this information assumes certain future business decisions that are subject to change. There can be no assurance that the results predicted here will be realized. Actual results may vary from those represented, and those variations may be material.
This news release does not constitute an offer to sell or a solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED WITHIN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE
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Advanced Explorations Inc. durchteuft 237 Meter mit 33% Eisen bei Tuktu Projekt-Inklusive 6 Meter mit 50% Eisen
TORONTO, ONTARIO - (Marketwire - 17. August 2011) - Advanced Explorations Inc. (das "Unternehmen" oder "AEI") (TSX VENTURE: AXI) (FRANKFURT: AE6) freut sich, weitere Bohrergebnisse aus seinem Tuktu Iron Ore Project in Nunavut, Kanada bekannt zu geben. Drill-Loch 11TT010 abgefangen 6 Meter hohe Qualität banded Eisenformation (BIF) mit einem Gehalt 50.27% Fe in einem breiteren 236,58 Meter Abstand von BIF Gehalt 32,69% Fe (siehe Tabelle unten). Das gleiche breite Intervall ebenfalls enthalten 16 Meter von 40,75% Eisen. John Gingerich, Präsident und CEO, kommentierte: "Drill-Loch 11TT010 ist ein weiteres großes Loch mit einem Plus 235 Meter abzufangen hochwertigen Eisen Zusammen mit Loch 11TT008 wir nun durchschnitten haben. eine 50% ige Eisen Horizont in zwei parallele Bohrungen über 200 Meter voneinander entfernt entlang des Streichens Länge. Es ist sehr ermutigend, um die Konsistenz in Qualität, Breite und höher siehe Goldgehalt über einen breiten Skala. Die Tuktu Bohrergebnisse zeigen die herausragende Potenzial des Bezirks Eisen-Formationen und die Aussicht auf . hochgradigen BIF Einlagen " in der folgenden Tabelle dargestellt sind die Ergebnisse für die Bohrlöcher 11TT006, 11TT010 & 11TT013; Bohrungen 11TT006 und 11TT013 in BIF beendet. Übersichtstabelle --------- ----------------------------------------- Intervall (i) Drill-Bohrung Von ( m) (i) bis (m) (i) (m)% Fe2O3% Fe ------------------------------- ------------------- 11TT010 40,69 277,27 236,58 46,74 32,69 ------------------------- ------------------------- einschließlich 244,00 260,00 16,00 58,26 40,75 ------------------- ------------------------------- einschließlich 244,00 250,00 6,00 71,87 50,27
--------------------------------------------------
11TT006 11,38 24,00 12,62 42,11 29,45
-------------------------------------------- ------
und 72,50 162,00 89,50 47,13 32,96
-------------------------------------- ------------
11TT013 10,40 67,13 56,73 45,89 32,10
-------------------------------- ------------------
und 111,66 172,72 61,06 43,73 30,58
-------------------------- ------------------------
(i) sich im Bohrloch Länge, nicht wahr Breite Alle Löcher bei -45 Grad und bei 40 bis 45 Grad Azimut gebohrt werden . Alle Proben wurden aus gesägten NQ-Halb-Kernabschnitten vor Ort in Nunavut vorbereitet. Split Bohrkernproben werden dann an Activation Laboratories Inc. aus Ancaster, Ontario für Vorbereitung und Untersuchung geschickt. Insgesamt Eisen-Analyse erfolgt mittels Röntgenfluoreszenz (XRF) und die magnetische Komponente wird durch Satmagan magnetischen Analyse bestimmt. Standards, Blindproben und Duplikate Assays sind in regelmäßigen Abständen in jeder Probe Charge aus dem Feld als Teil eines fortlaufenden Qualitätssicherung / Qualitätskontrolle Programm vorgelegt werden sollen. AEI ist Tuktu Programm wird von Steve Roebuck, P. Geo., Vice President, Exploration für AEI und eine qualifizierte Person gemäß NI 43-101, überwacht. Herr Roebuck hat überprüft und verifiziert die technischen Informationen in dieser Pressemitteilung enthalten sind. IM NAMEN DES BOARD John Gingerich, President & CEO ÜBER Advanced Explorations Inc. ist Advanced Explorations Inc., in Toronto, Ontario, eine Ressource Unternehmen, das sich auf seinen Roche Bay Eisenerz-Projekt in Nunavut, einer der weltweit größten entwickeln Eisenerz Bezirken. Die Roche Bay Projekt ist proximal gelegen, um einen natürlichen Tiefwasserhafen an der Ostküste der Halbinsel Melville in Nunavut, Kanada gibt es viele logistische Vorteile. Das Projekt hat eine angezeigte Ressource von 323 Millionen Tonnen, in einem kleinen Teil der möglichen 140 km von gebänderten Eisenformation skizziert. Das Eisen-Formation umfasst die Roche Bay Einlagen, die Firma Tuktu Einlagen und andere gezielte Ablagerungen in Gebiete nördlich, südlich und westlich des Unternehmens Roche Bay Projekt. Die vorläufige wirtschaftliche Bewertung von Roche Bay Kaution allein zeigt eine mögliche Netto-Barwert von US $ 1100000000, und das Potenzial für eine rasche Aufstieg in die Entwicklung der beiden Eisen-Konzentrat oder hohen Wert Eisen Nugget Produkte. Das Management-Team verfügt über umfangreiche technische, Exploration und kanadischen Arktis Minenwerte effektiv entwickeln die hohe Qualität Eisenerz Chancen auf dem Melville-Halbinsel. Diese Pressemitteilung enthält auch zukunftsbezogene Aussagen, dass eine Reihe von Risiken und Unsicherheiten beinhalten. Die Informationen spiegeln zahlreiche Annahmen, wie die Industrie Leistung, allgemeine Geschäfts-und Wirtschaftsbedingungen, regulatorischen und rechtlichen Anforderungen, Steuern und sonstige Angelegenheiten, von denen viele außerhalb der Kontrolle des Unternehmens liegen. Ebenso übernimmt diese Informationen bestimmte zukünftige Geschäftsentscheidungen, die Änderungen unterliegen können. Es kann keine Zusicherung, dass die Ergebnisse hier vorausgesagt wird realisiert werden kann. Die tatsächlichen Ergebnisse können von den dargestellten abweichen und diese Veränderungen können wesentlich sein. Diese Pressemitteilung stellt weder ein Angebot zum Verkauf noch eine Aufforderung zur Abgabe eines Angebots zum Kauf von Wertpapieren in den Vereinigten Staaten zu verkaufen. Die Wertpapiere sind nicht und werden nicht gemäß dem United States Securities Act of 1933 registriert werden, in der geänderten Fassung ("US Securities Act") oder den jeweiligen bundesstaatlichen Wertpapiergesetzen und dürfen nicht angeboten oder innerhalb der Vereinigten Staaten oder an US Personen verkauft werden, es sei denn, unter dem US Securities Act und anwendbarer Wertpapiergesetze oder eine Ausnahme von dieser Registrierung zur Verfügung. WEDER DIE TSX VENTURE EXCHANGE NOCH DEREN REGULIERUNGSDIENSTLEISTER (wie dieser Begriff im Rahmen der Maßnahmen DER TSX VENTURE EXCHANGE) ÜBERNEHMEN DIE VERANTWORTUNG FÜR DIE ANGEMESSENHEIT ODER GENAUIGKEIT DIESER MELDUNG
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Advanced Explorations Inc. Reports 165 metre section of 34% Iron at Tuktu Project – Includes 8 metres of 50% Iron
(TSX VENTURE: AXI)
(FRANKFURT: AE6)
TORONTO, ONTARIO- August 30, 2011 - Advanced Explorations Inc. (the "Company" or "AEI") is pleased to announce further drill results from its Tuktu Iron Ore Project located in Nunavut, Canada. Drill-hole 11TT011 intercepted 8 metres of high quality banded iron formation (BIF) grading 50.27% Fe within a broader 165.25 metre interval of BIF grading 33.61% Fe (see table below). The same broad interval also included 14 metres of 46.34% iron.
Drill-hole 11TT011 was collared approximately 125 metres ahead of drill-hole 11TT010 (reported August 17, 2011 – 237m @ 33% Fe) and drilled on the same section at the same azimuth and dip. Together the holes have intersected the footwall and hanging wall contacts of the BIF and results indicate that the width of the section is just over 300 metres wide carrying a grade of over 33% iron. The depth of the section has not been established.
John Gingerich, President and CEO, commented:
"We are excited by the consistent high grade, plus 50% Fe, banded iron formation being intersected at Tuktu 1. The broad intervals of greater than 33% Fe define an exceptional magnetite rich BIF deposit. Tuktu is emerging as an important asset adding value to the business development scenarios of the region.”
AEI expects the remaining Tuktu 1 drilling assays to be received in the near future which will allow us to initiate the NI 43-101 compliant resource estimate. The Company also plans to initiate metallurgical studies to better understand the Project’s development options.
Also reported today are the results of drill-holes 11TT012 and 11TT014. These holes were drilled approximately 2100 metres apart along strike and represent the two collars that are furthest apart on the drill grid and demonstrate the consistency in terms of size and grade of the Tuktu project.
Presented in the table below are the results for drill holes 11TT011, 11TT012 & 11TT014.
Summary Table
Drill-hole From (m)* To (m)* Interval* (m) % Fe2O3 % Fe
11TT011 3.75 169.00 165.25 48.05 33.61
including 126.00 140.00 14.00 66.26 46.34
including 130.00 138.00 8.00 71.88 50.27
11TT012 58.00 225.08 167.08 44.34 31.01
within 43.00 225.08 182.08 42.35 29.62
11TT014 33.10 166.30 133.20 44.14 30.87
and 51.00 93.00 42.00 48.10 33.64
* down-hole length, not true width
All holes are drilled at -45 degrees and at 40 to 45 degrees azimuth. All samples were prepared from sawn NQ-sized half-core sections on site in Nunavut. Split drill core samples are then sent to Activation Laboratories Inc. of Ancaster, Ontario for preparation and analyses. Total iron analysis is performed using X-ray fluorescence (XRF) and the magnetic component is determined by Satmagan magnetic analysis. Standards, blanks, and duplicate assays are included at regular intervals in each sample batch submitted from the field as part of an ongoing Quality Assurance/Quality Control program. AEI’s Tuktu program is supervised by Steve Roebuck, P.Geo., the Vice President, Exploration for AEI and a Qualified Person as defined by NI 43-101. Mr. Roebuck has reviewed and verified the technical information contained in this news release.
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TORONTO, ONTARIO-30 August 2011 - Advanced Explorations Inc. (das "Unternehmen" oder "AEI") freut sich, weitere Bohrergebnisse aus seinem Tuktu Iron Ore Project in Nunavut, Kanada bekannt zu geben. Drill-Loch 11TT011 abgefangen 8 Meter hohe Qualität banded Eisenformation (BIF) mit einem Gehalt 50.27% Fe in einem breiteren 165,25 Meter Abstand von BIF Gehalt 33,61% Fe (siehe Tabelle unten). Das gleiche breite Intervall ebenfalls enthalten 14 Meter von 46.34% Eisen.
Drill-Loch 11TT011 war collared ca. 125 Meter vor Bohrung 11TT010 (reported 17. August 2011 - 237m @ 33% Fe) und gebohrt auf dem gleichen Abschnitt auf der gleichen Azimut und Dip. Gemeinsam werden die Löcher der Verwerfung durchschnitten und Hangenden Kontakte der BIF und Ergebnisse zeigen, dass die Breite der Abschnitt etwas mehr als 300 Meter breit Durchführung einer Note von über 33% Eisen. . Die Tiefe des Schnittes ist nicht nachgewiesen John Gingerich, Präsident und CEO, kommentierte: "Wir sind durch die gleichbleibend hohe Qualität freuen, plus 50% Fe, gebänderte Eisenformation wird bei Tuktu 1 geschnitten Der breite Intervalle von mehr als 33. % Fe definieren eine außergewöhnliche Magnetit reichen BIF hinterlegen. Tuktu als wichtiges Asset Mehrwert für das Geschäft Entwicklungsszenarien der Region abzeichnet. " AEI erwartet, dass die verbleibenden Tuktu 1 Bohr-Assays, die in naher Zukunft empfangen werden, die es uns ermöglichen, zu initiieren, wird die NI 43-101 konforme Ressourcenschätzung. Das Unternehmen plant auch, metallurgische Studien zu initiieren, um besser zu verstehen, die Entwicklung des Projekts Optionen. Auch heute berichtet werden die Ergebnisse der Bohrungen 11TT012 und 11TT014. Diese Löcher etwa 2100 Meter voneinander entfernt waren entlang des Streichens gebohrt und stellen die beiden Kragen, die am weitesten auseinander liegen auf der Bohrrasterfeldes und zeigen die Konsistenz in Bezug auf Größe und Qualität der Tuktu Projekt. in der folgenden Tabelle dargestellt sind die Ergebnisse für die Bohrlöcher 11TT011, 11TT012 & 11TT014. Übersichtstabelle Drill-Bohrung Von (m) * Bis (m) * Intervall * (m)% Fe2O3% Fe 11TT011 3,75 169,00 165,25 48,05 33,61 einschließlich 126,00 140,00 14,00 66,26 46,34 einschließlich 130,00 138,00 8,00 71,88 50,27 11TT012 58,00 225,08 167,08 44,34 31,01 in 43,00 225,08 182,08 42,35 29,62 33,10 11TT014 166,30 133,20 44,14 30,87 51,00 93,00 42,00 und 48,10 33,64 * down-hole Länge, nicht wahr Breite Alle Löcher werden bei -45 Grad gebohrt und bei 40 bis 45 Grad Azimut. Alle Proben wurden aus gesägten NQ-Halb-Kernabschnitten vor Ort zubereitet in Nunavut. Split Bohrkernproben werden dann an Activation Laboratories Inc. aus Ancaster, Ontario für Vorbereitung und Untersuchung geschickt. Gesamt Eisen-Analyse erfolgt mittels Röntgenfluoreszenz (XRF) und die magnetische Komponente wird durch Satmagan magnetischen Analyse bestimmt. Standards, Blindproben und Duplikate Assays sind in regelmäßigen Abständen in jeder Probe Charge aus dem Feld als Teil eines fortlaufenden Qualitätssicherung / Qualitätskontrolle Programm vorgelegt werden sollen. AEI Tuktu Programm wird von Steve Roebuck, P. Geo., Vice President, Exploration für überwachte AEI und eine qualifizierte Person gemäß NI 43-101. Herr Roebuck hat überprüft und die technischen Informationen in dieser Pressemitteilung geprüft.
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9/7/2011 9:25:11 AM - Market Wire
TORONTO, ONTARIO, Sep 07, 2011 (MARKETWIRE via COMTEX News Network) --
Advanced Explorations Inc. (the "Company" or "AEI") (TSX VENTURE: AXI)(FRANKFURT: AE6) is pleased to announce that work continues in support of the Roche Bay Feasibility Study ("FS"). In addition to this summer's resource and geotechnical drill programs the Company has initiated a number of metallurgical studies looking to optimize concentrate process and quality while reducing the associated operating and capital cost. To date there have been five independent metallurgical studies undertaken (two in Canada, two in Germany and one in China) which support the previously reported results that a high quality concentrate can be produced. The Company does expect to provide a further update on the C- Zone resource as part of this ongoing work with the intention of expanding the FS resource base.
A delegation of 9 from XinXing Pipes Group ("XXP") that includes their technical team from Han-Xing Institute Mining Institute and China Communications Construction Corporation arrived in Canada on September 5th, 2011, to review the technical and financial aspects of the Roche Bay C-Zone project with Wardrop Engineering (A Tetra Tech Company) and AEI. The technical sessions with Wardrop, Golder Associates and AEI teams will include over 20 professionals. Part of the group will also travel to Nunavut to visit the Project and to meet with local and territorial government officials.
With the shareholder and TSX approvals complete (July 28, 2011 press release), the Company is also using this opportunity to collaborate on finalizing the formal Joint Venture Agreement and any terms and conditions associated with implementation of the Joint Venture. Once in place AEI and XXP will be in a position to move forward with the Roche Bay partnership and development.
John Gingerich, President and CEO, commented:
"The Company is pleased to host such a distinguished Chinese delegation whose visit demonstrates a sincere commitment to fully understanding the technical, financial and social aspects associated with the Roche Bay Project. The XXP-AEI Joint Venture represents one of the largest potential Chinese mining investments in Canada. Given the Federal Government recent announcements in respect to supporting responsible mine development in Nunavut, the Company's development plans align well with the social and economic development needs of the north."
ON BEHALF OF THE BOARD
John Gingerich, President & CEO
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2011.09.07 09.25.11 - Market Wire Toronto, Ontario, 7. September 2011 (Marketwire PRNewswire) - Advanced Explorations Inc. (das "Unternehmen" oder " AEI ") (TSX VENTURE: AXI) (FRANKFURT: AE6) freut sich bekanntzugeben, dass die Arbeit weiterhin zur Unterstützung der Roche Bay Feasibility Study (" FS "). Neben diesem Sommer Ressource und geotechnische Bohrprogramme hat das Unternehmen eine Reihe von metallurgischen Studien suchen, sich zu konzentrieren Prozess und Qualität zu optimieren und gleichzeitig die damit verbundenen Betriebs-und Kapitalkosten eingeleitet. Bisher gibt es fünf unabhängigen metallurgischen Studien durchgeführt (zwei in Kanada, zwei in Deutschland und einer in China), die den zuvor berichteten Ergebnissen, dass eine qualitativ hochwertige Konzentrat hergestellt werden können Unterstützung worden. Das Unternehmen ist zu erwarten, um ein weiteres Update auf der C-Zone Ressource als Teil dieser laufenden Arbeiten mit der Absicht, den Ausbau der FS Ressourcenbasis liefern. Eine Delegation von 9 aus dem Xinxing Pipes Group ("XXP"), dass ihre technischen Team gehören aus Han-Xing-Institut für Bergbau und China Communications Construction Corporation kam in Kanada am 5. September 2011, um die technischen und finanziellen Aspekte des Roche Bay C-Zone-Projekt mit Wardrop Engineering (A Tetra Tech Company) und AEI überprüfen. Die technischen Sessions mit Wardrop, Golder Associates und AEI Teams werden mehr als 20 Profis gehören. Ein Teil der Gruppe wird auch nach Nunavut reisen, um das Projekt zu besuchen und mit den lokalen und territorialen Regierungsvertretern zusammentreffen.
Mit dem Aktionär und TSX Genehmigungen abgeschlossen (28. Juli 2011 Pressemitteilung), ist das Unternehmen auch über diese Gelegenheit, um auf den Abschluss der formalen Joint Venture Vertrag und alle Bedingungen und Konditionen mit der Umsetzung des Joint Venture verbunden zusammenarbeiten. Einmal im Ort AEI und XXP wird in der Lage, vorwärts mit der Roche Bay Partnerschaft und Entwicklung sein. John Gingerich, Präsident und CEO, kommentierte: "Das Unternehmen freut sich, einen so profilierten chinesische Delegation, deren Besuch zeigt, eine aufrichtige Verpflichtung zur Host- voll das Verständnis der technischen, finanziellen und sozialen Aspekte mit dem Roche Bay Projekt verbunden sind. Die XXP-AEI Joint Venture stellt eine der größten potentiellen chinesischen Bergbau Investitionen in Kanada. Angesichts der Bundesregierung jüngsten Ankündigungen in Bezug auf die Unterstützung verantwortlich Minenentwicklung in Nunavut, die Entwicklung des Unternehmens Pläne passen gut zu den sozialen und wirtschaftlichen Entwicklung Bedürfnisse des Nordens. " IM NAMEN DES BOARD John Gingerich, President & CEO
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Und nach dem Absturz der letzten Monate, den ich leider auch mitgenommen habe, dürfte diese News bereits im Kurs stecken. Interessant wäre eine solche Warnung gewesen, als noch alle von dieser Aktie geschwärmt haben.