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    Alderon Confirms Iron at Mills Lake with 30% Iron

    Investing News Network
    Jan. 20, 2011 12:16PM PST
    Base Metals Investing

    Alderon Resources (CVE:ADV) announced the results from the drill program for the Kamistiatusset Iron Ore
    Project in western Labrador

    Alderon Resources (TSXV:ADV) announced the results from the drill program for the Kamistiatusset Iron Ore
    Project in western Labrador.

    The press release is quoted as saying:

    All 15 drill holes at Mills Lake intersected iron mineralization and collectively demonstrated that the Mills Lake deposit is larger and thicker than initially expected.

    Matt Simpson, COO of Alderon, said:

    It’s exciting to have our expectations exceeded in terms of thickness at Mills Lake and be able to add this zone to our upcoming resource estimate”

    To access the full release, click here.

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