Advanced Explorations Announces Two New Iron Ore Discoveries

Advanced Explorations Inc. (TSXV:AXI) announced encouraging iron results on two of its recent property acquisitions as press released on August 23rd, 2010.

The press release is quoted as saying:

Banded iron formation (“BIF”) exposed approximately 25 km southwest of the Roche Bay C-Zone returned a spot analysis of 61.3% Fe2O3 (42.9% Fe) with no significant deleterious elements present (S < 0.01%). On claims located 40 km to the west of Tuktu (last year’s discovery) spot sampling of a massive magnetite rich zone averaged 52.6% Fe2O3 (36.8% Fe). The Company has now delineated BIF extending over 100 kilometres of strike on the eastern coast of the Melville Peninsula in Nunavut, Canada.

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