Advanced Explorations (OTC Other: ADEXF; TSX-V: AXI) 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.