Alderon Announces Initial Iron Ore Resource at Kami

Alderon Resource Corp. (TSXV:ALD,PINK:ALDFF) reports the results of the initial independent National Instrument 43-101 Mineral Resource estimate  Kamistiatusset Iron Ore Project in western Labrador.

The press release is quoted as saying,

“We are extremely excited about this initial resource since we have exceeded our own publically stated objectives for the first resource and clearly demonstrated the viability of the project,” says Mark Morabito, President and CEO of Alderon. “As I stated on February 3, our goal for this resource was 400 to 500 million tonnes. We were targeting 600 to 800 million tonnes following the completion of the current winter program, which will now have to be revised and increased, once our current drilling is complete.”