Advanced Explorations (OTC Other: ADEXF; TSX-V: AXI) has filed its updated NI 43-101 resource estimate on Roche Bay on Sedar (www.sedar.com). Per the Company’s January 17th press release, below are highlights from the update:
- 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.
- In comparison to the previous resource estimate (as press released April 06, 2011) the Indicated resource has increased by approximately 55%.