TORONTO, ONTARIO, Feb 25, 2011 (MARKETWIRE via COMTEX News Network) —
Advanced Explorations Inc. (the “Company” or “AEI”) (TSX VENTURE: AXI)(FRANKFURT: AE6) is pleased to announce preliminary analyses from its recently acquired nickel and copper property located on the Melville Peninsula (as press released September 21, 2010). The property is located approximately 10 kilometres south of the Tuktu and 50 kilometres north of the Roche Bay iron ore projects, within the mutual area of Interest with Roche Bay plc. located on the Melville Peninsula, Nunavut, Canada.
The property, known as the BIL showing, returned nickel values to 0.80% nickel and copper values over 10,000 ppm (greater than 1% Cu) from sulphide samples associated with a gabbroic intrusion. The Geological Survey of Canada (“GSC”) examined the BIL showing in 2009 and reported 0.58% Ni, 0.15% Cu. The nickel and copper prospect was worked by Aquitaine Company of Canada Limited in the early 1970’s. In 1973, approximately 2000 feet of core was drilled but no results were released a common practice then to prevent competition.