Advanced Explorations (OTC Other: ADEXF; TSX-V: AXI) continues to have successful drilling at its Tuktu Iron Ore Project in Nunavut, Canada. To this end, drill hole 11TT010 intercepted 6 metres of high quality banded iron formation (BIF) grading 50.27% Fe within a broader 236.58 metre interval of BIF grading 32.69% Fe (see table below). This same broad interval also included 16 metres of 40.75% iron.
According to John Gingerich, President and CEO of the Company, “Drill-hole 11TT010 is another great hole with a plus 235 metre intercept of high quality iron. Along with hole 11TT008 we have now intersected a 50% iron horizon in two parallel drill-holes over 200 metres apart along strike length. It is very encouraging to see consistency in grade, width and higher grade intercepts over a broad scale. The Tuktu drill results demonstrate the outstanding potential of the district’s iron formations and the prospect for high grade BIF deposits.”