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Alderon Resources (CVE:ADV) announced that it has begun its’ winter drilling at the Kami Iron Ore project in Labrador
Alderon Resources (TSXV:ADV) announced that it has begun its’ winter drilling at the Kami Iron Ore project in Labrador.
The press release is quoted as saying:
The CDN $2.5 million program will consist of approximately 5,000 metres (m) diamond drilling with the use of three drills and is expected to take 8 weeks to complete. The drill program is designed to outline a potential of 200 to 300 million tonnes at a grade between 28-32% iron ore at the North Rose Zone.
Matt Simpson, COO of Alderon, said:
“This new zone should add significant tonnes to our projected resource and will be included in the updated resource estimate expected in June 2011.”
To access the full release, click here.