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