Advanced Explorations Discovers Nickel-Copper-Cobalt & Copper-Silver-Gold Mineralization

Advanced Explorations (OTC Other: ADEXF; TSX-V: AXI) has completed its 2011 exploration program on the western portion of the Melville Peninsula, Nunavut, where it discovered a new Nickel-Copper-Cobalt and Copper-Silver-Gold mineralization. 

According to John Gingerich, President and CEO of Advanced Explorations, “We are very pleased with the quality of the prospects that have been defined to date and encouraged by the strike extent of the mineralized trends which in some cases extend up to 10 km. With the Company’s very large land holdings in favorable geological terrains and over 350 gossans reported by Geological Survey of Canada (“GSC”) mapping visible from the air, we were only able to scratch the surface as to the area’s true potential. The prospect of discovering high grade Ni-Cu and Cu-Ag-Au systems provides the opportunity to create additional shareholder value through possible partnerships and/or spin-offs while AEI remains focused on the development of its core iron ore assets.”

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