Advanced Explorations’ (OTC Other: ADEXF; TSX-V: AXI) initial drill results from its Tuktu Iron Ore Project in Nunavut have defined a strike length of more than 2,000 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.
According to John Gingerich, President and CEO of Advanced Explorations, “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.”