Advanced Explorations Inc has announced results up to 69.30% Fe from the Tuktu Iron Ore Project located on the Melville Peninsula in Nunavut in Canada. The recently completed channel sampling and prospecting program along the northern limits of the Tuktu 2 magnetic anomaly confirms the direct ship ore potential of the target. Equally important to the high iron grades is the consistent low Sulphur content.

This recent field work represents a follow up examination of the 2,100 meter, Tuktu 2 magnetic anomaly that in 2011 yielded 63.85% Fe and 62.26% Fe separated by 1,600 meters. The southernmost limits have not yet been examined. The July 2012 results, summarized below and taken within 100 meters of 2011's 63.85% Fe sample confirm the presence of very high grade iron at Tuktu over a substantial area.

Of special note is the presence of abundant specular hematite, a form of iron oxide not seen before at the Tuktu Iron Ore Project. Grab sample 12ATP071 (69.3% Fe) was taken from a 50 square meter outcropping of specular hematite located 100 meters to the east of the channel samples, approximately in the centre of what is interpreted as the nose of the folded iron formation. The geology noted in the field agrees well with the results of the ground magnetometer survey completed in 2011.

Mr John Gingerich president & CEO of Advanced Explorations Inc said that "Our field work confirms the direct ship ore potential at Tuktu. Internal analysis suggests that the target dimensions exceed minimum thresholds for a satellite DSO trucking operation that could be integrated with the Roche Bay Project infrastructure. This unique target exhibits grades of both hematite and magnetite in excess of 65% Fe adding to the potential product development scenarios. Tuktu DSO is providing a new paradigm of opportunities for AEI."

Source - Advanced Explorations Inc

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