Advanced Explorations Reports 500 Million Tonnes in Indicated Category at Roche Bay

Advanced Explorations (OTC Other: ADEXF; TSX-V: AXI) has two 43-101 compliant mineral resource estimates for its Roche Bay Iron Ore Property, including on the C-Zone and the A/B Zone.  As part of the ongoing feasibility study on the C-Zone:

  • The resource estimate now includes 501 million tonnes in the Indicated category averaging 26.35% total iron (25.67 % magnetic iron) at a 20% iron cut-off grade;
  • A further 66 million tonnes averaging 26.37% total iron (25.72 % magnetic iron) at a 20% iron cut-off remains in the Inferred category; and 
  • In comparison to the previous resource estimate (as press released April 06, 2011) the Indicated resource has increased by approximately 55%.

Highlights from the Company’s initial mineral resource estimate on the A/B Zone include the following:

  • The initial resource estimate for the A/B Zone is 92 million tonnes in the Inferred category averaging 24.64% total iron at a 20% iron cut-off grade; 
  • The A/B Zone is located approximately 5 kilometres to the north east of C-Zone and is part of the same Banded Iron Formation; 
  • The area included in the Inferred resource represents only a small portion of the actual A/B Zone magnetic footprint; and
  • Drill holes used in this Inferred estimate were part of the 2008 drill campaign and historical holes drilled in 1982 by Borealis Exploration.

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