Alderon Announces Final Results From Kami Iron Ore Project

Alderon Iron Ore Corp. (TSX:ADV,OTCQX:ALDFF) announced the final assay results from its Kami iron ore project in Labrador, Canada.

As quoted in the press release:

The 2011 drilling campaign consisted of 86 holes, totaling 22,250 metres, and was executed with the goal of upgrading the currently defined mineral resource estimate from the Indicated and Inferred categories to the Measured and Indicated categories in preparation for the Feasibility Study. The majority of these results are from the Rose Central Zone and are all within the area of the currently defined National Instrument (“NI”) 43-101 mineral resource estimate.

Alderon’s President and CEO, Tayfun Eldem said:

We are very pleased with the results from our entire 2011 drilling program, as they show the consistent grades and thicknesses that we expected. These results, along with those from our current drilling campaign, which is our final drill campaign before the Feasibility Study, will enable us to continue working towards our goal of upgrading the mineral resource in advance of the Feasibility Study expected in Q3 of 2012.

Click here to read the Alderon Iron Ore Corp. (TSX:ADV) press release.