Advanced Explorations Inc announces the first set of assay results from the 2011 geophysical prospecting program at the Tuktu Iron Project located within 60 kilometers north of the Company Roche Bay Iron Project on the east coast of the Melville Peninsula, Nunavut. High grade samples of 63.85% and 62.26% iron respectively were taken from banded iron formation on the HABS 2 claim located approximately 6 km from the south-east portion of the Tuktu deposit where a 2011 drill program is about to deliver an initial NI 43-101 compliant resource estimate.
The Tuktu program included mapping and sampling in addition to a ground magnetometer survey that traversed a large cluster of known magnetic anomalies on 100 metre line spacing. The magnetic trend that yielded the two high grade results on the HABS 2 claim is approximately 3,300 metres long with a distance of approximately 1,600 metres between the high grade samples. There is increased glacial cover in this portion of the claim group and limits of the BIF are more reliably defined by the ground magnetometer survey. Zonation of grades is expected across the BIF sequence, and the true width of the high grade zone will require further trenching and drill testing.
Preliminary results from other zones within the Tuktu claim group are consistent with assays obtained on the Tuktu 1 deposit. Drilling at Tuktu 1 revealed high grade intersections of over 50% iron, and the new sample results greater than 60% iron further validate the potential for Tuktu to produce a direct ship ore product.
The Tuktu program included mapping and sampling in addition to a ground magnetometer survey that traversed a large cluster of known magnetic anomalies on 100 metre line spacing. The magnetic trend that yielded the two high grade results on the HABS 2 claim is approximately 3,300 metres long with a distance of approximately 1,600 metres between the high grade samples. There is increased glacial cover in this portion of the claim group and limits of the BIF are more reliably defined by the ground magnetometer survey. Zonation of grades is expected across the BIF sequence, and the true width of the high grade zone will require further trenching and drill testing.
Preliminary results from other zones within the Tuktu claim group are consistent with assays obtained on the Tuktu 1 deposit. Drilling at Tuktu 1 revealed high grade intersections of over 50% iron, and the new sample results greater than 60% iron further validate the potential for Tuktu to produce a direct ship ore product.
Advanced Explorations Inc announces the first set of assay results from the 2011 geophysical prospecting program at the Tuktu Iron Project located within 60 kilometers north of the Company Roche Bay Iron Project on the east coast of the Melville Peninsula, Nunavut. High grade samples of 63.85% and 62.26% iron respectively were taken from banded iron formation on the HABS 2 claim located approximately 6 km from the south-east portion of the Tuktu deposit where a 2011 drill program is about to deliver an initial NI 43-101 compliant resource estimate.
The Tuktu program included mapping and sampling in addition to a ground magnetometer survey that traversed a large cluster of known magnetic anomalies on 100 metre line spacing. The magnetic trend that yielded the two high grade results on the HABS 2 claim is approximately 3,300 metres long with a distance of approximately 1,600 metres between the high grade samples. There is increased glacial cover in this portion of the claim group and limits of the BIF are more reliably defined by the ground magnetometer survey. Zonation of grades is expected across the BIF sequence, and the true width of the high grade zone will require further trenching and drill testing.
Preliminary results from other zones within the Tuktu claim group are consistent with assays obtained on the Tuktu 1 deposit. Drilling at Tuktu 1 revealed high grade intersections of over 50% iron, and the new sample results greater than 60% iron further validate the potential for Tuktu to produce a direct ship ore product.
Table of sample assay results
| Sample ID | Claim Name | Fe2O3 (%) | Fe (%) |
| 11VSP047 | HABS 2 | 91.29 | 63.85 |
| 11ADP082 | HABS 2 | 89.02 | 62.26 |
| 11VSP045 | HABS 10 | 56.85 | 39.76 |
| 11VSP042 | HABS 10 | 56.15 | 39.27 |
| 11IOP051 | HABS 11 | 52.11 | 36.45 |
| 11VSP130 | HABS 9 | 51.61 | 36.1 |
| 11IOP049 | HABS 2 | 51.18 | 35.8 |
| 11VSP043 | HABS 10 | 50.97 | 35.65 |
| 11ADP169 | HABS 11 | 50.95 | 35.63 |
| 11VSP044 | HABS 10 | 50.05 | 35 |
Mr John Gingerich President and CEO said "We are very encouraged by this recent high grade discovery at our Tuktu Project as we believed to see similar grades as Baffin Island's Mary River deposit within our property, based on the steadily increasing iron values found during this summer's drill program. The sample results clearly indicate a potential for direct ship ore from Tuktu and with the feasibility study for the Roche Bay Project's C Zone near completion, these impressive results for Tuktu add further production dimensions to the Roche Bay Project. Considering its close proximity, high grade ore mined at Tuktu could be direct shipped using Roche Bay infrastructure. As Roche Bay is at a very advanced stage, this discovery also adds significant flexibility to the development scenarios within the Melville Peninsula iron district."
sourced Steel Guru.com
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