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Diamond drill hole ZR11-07 on the Zone Resources Inc. (TSXV:ZNR,FWB:7ZR) Moore-Ross Mountain property in the Labrador Trough of northern Québec intersected an average of 32.54% Fe over 167.10 metres.
As quoted in the press release:
Drill hole ZR11-07 was drilled vertically on coincident magnetic and gravity anomalies on the North Slope Zone on the Moore-Ross Mountain property. The hole was collared in magnetite-rich iron formation at the base of casing at 13.90 metres. Various phases of iron formation, mostly magnetite-dominant, continued to 181.00 metres. Total iron contents determined by X-Ray fluorescence analysis varied from 22.20% Fe to 45.92% Fe, with an average of 32.54% Fe over the entire 167.10 metre zone. Dips, as estimated from core angles, vary from 10 to 50 degrees, averaging about 30 degrees. A previous hole on the North Slope zone, ZR11-05, intersected 29.98% Fe over 85.20 metres, 1500 metres to the southeast of ZR11-07. It also was collared in iron formation.
The grade and width of this intersection are comparable with the two recently announced diamond drill holes on the company’s Girard iron property, 70 kilometres to the southeast of Moore-Ross Mountain. ZR11-08 intersected 35.77% Fe over 243.00 metres and ZR11-09 cut 35.64% Fe over 137.00 metres. Both of these holes were 50-degree inclined holes on sub-vertical magnetite iron formations, and both were collared in iron mineralization.
Click here to read the Zone Resources Inc. (TSXV:ZNR) press release
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