Advanced Explorations Inc announced that results of its 2011 exploration program on the western portion of the Melville Peninsula, Nunavut include the important discovery of new Nickel, Copper Cobalt and Copper, Silver and Gold mineralization.

Five zones of nickel and copper mineralization were identified with better assay values of 0.86% Ni, 0.59% Cu, 0.04% Co and 0.40% Ni, 0.19% Cu, 0.04% Co, and one zone of high grade copper-silver-gold mineralization returned assays of 1.93% Cu, 33 gram per tonne Ag, 0.35 gram per tonne Au and 1.06% Cu, 18.8 gram per tonne Ag, 0.14 gram per tonne Au.

Mr John Gingerich president & CEO of Advanced Explorations said that "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 kilometers. With the Company's very large land holdings in favorable geological terrains and over 350 gossans reported by Geological Survey of Canada 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 and Au systems provides the opportunity to create additional shareholder value through possible partnerships and spin offs while AEI remains focused on the development of its core iron ore assets."