Advanced Explorations Inc has announced the latest drill results from its Tuktu Iron Ore Project located in Nunavut in Canada. Drill hole 11TT008 intercepted 9.04 metres of quality banded iron formation grading 50.19% Fe within a broader 283.07 meter interval of BIF grading 32.36% Fe.

Mr John Gingerich president & CEO of Advanced Explorations Inc said that "The Tuktu assay results continue to impress us. We are reporting very long intercepts of 32% to 33% iron, and now we have found a high grade lens that grades over 50% iron in drill hole 11TT008. This is a very significant discovery and represents some of the highest grade iron we have found on the Melville Peninsula. Unfortunately, this hole terminated within high grade BIF and thus, the full extent is not known. Defining the surface exposure along with strike and width of the high grade lens is an important next step to defining the potential of direct ship ore at Tuktu."

To date, the company has received only partial results from holes 11TT005A, 11TT006. These holes and others will be released once complete data is obtained and reviewed by the geologic team responsible for the drilling.

All holes are drilled at -45 degrees and at 40 to 45 degrees azimuth. All samples were prepared from sawn NQ sized half core sections on site in Nunavut. Split drill core samples are then sent to Activation Laboratories Inc of Ancaster, Ontario for analyses. Total iron analysis is performed using X ray fluorescence and the magnetic component is determined by Satmagan magnetic analysis. Standards, blanks, and duplicate assays are included at regular intervals in each sample batch submitted from the field as part of an ongoing Quality Assurance Quality Control program.