Zone Resources Inc announced the results of diamond drill hole ZR11-05 on the company's iron ore property in the Labrador trough of northern Quebec. The hole intersected iron formation with an average of 29.98% Fe over 85.20 metres.

Drill hole ZR11-05 was drilled vertically on a combined magnetic and gravity anomaly on the North Slope Zone, in the Moore claim group. It was collared in magnetite-rich iron formation at the base of casing at 3.00 metres. The magnetite zone continued for 85.20 metres. Iron contents of individual samples over core lengths of between 1.50 and 2.00 metres ranged up to a maximum 42.38% Fe, with an average of 29.98% Fe over 85.20 metres.

The dip of the iron zone, based on core angles, averages about 30 degrees. The hole was collared in iron formation, and so did not intersect the full width of the zone.