NUNAVUT - Advanced Explorations of Toronto says the latest 43-101 report on its Roche Bay iron project on the east coast of the Melville Peninsula includes over half a billion tonnes of mineralized material. The indicated portion is 501 million tonnes averaging 26.35% Fe at a 20% Fe cut-off grade. The indicated total is 55% more than the previous resource estimate released in April 2011.
Moreover, there are another 66 million tonnes averaging 26.37% Fe in the inferred category.
Advanced Explorations prepared the 43-101 report as part of the feasibility study being done for the Roche Bay project. The feasibility study is due in early 2012.
More information is posted at Advanced-Exploration.com.