Advanced Explorations Inc announced initial drill results from its Tuktu Iron Project located in Nunavut, Canada.
Drill intercepts to date confirm that Tuktu has a drill defined strike length of over 2000 metres of Banded Iron Formation of the 2,600 metres of mapped strike on surface.
The entire bedrock intersection of hole 11TT007 was within BIF with occasional narrow dykes, with 167.1 metres grading 31.8% Fe. Mineralization within this drill hole increases to the northeast with the bottom 65.3 metres grading 32.2% Fe.
Drill hole 11TT002, drilled approximately 350 metres along strike to the west of hole 11TT007, intersected 71.74 metres of BIF averaging 32.8% Fe before encountering 22 metres of metasediments and then re-entered BIF. Drill hole 11TT001 intersected a zone of significant structural complexity with alteration and limited zones of BIF within the first 112 metres and terminated in a thick sequence of metasediments. The zone corresponds on surface with a mapped mafic dyke. Detailed geologic work will be done to assess the economic potential of the structural zone for other types of mineralization.
To date, the Company has received only partial results from holes 11TT003 and 11TT004, and these holes and others will be released once complete data is obtained and reviewed by the geologic team responsible for the drilling.
Mr John Gingerich president and CEO said that "We are very pleased with the preliminary results from our Tuktu Project as they demonstrate high BIF grades associated with Tuktu 1. The initial assays confirm our expectations of Tuktu, and we remain confident the Tuktu 1 deposit will prove to be an important addition to AEI's high quality iron ore assets."
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 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.
