Alderon Resource Upgrade Program Continues On Course

- November 22nd, 2011

Alderon Iron Ore Corp. (TSX:ADV,OTCQX:ALDFF) announced additional assay results from the ongoing drill program at the Kami iron ore project.

Alderon Iron Ore Corp. (TSX:ADV,OTCQX:ALDFF) announced additional assay results from the ongoing drill program at the Kami iron ore project.

As quoted in the press release:

Rose Central, together with Mills Lake and North Rose, have a currently defined NI43-101 indicated resource of 490 million tonnes at 30.0% iron and an additional inferred resource of 598 million tonnes at 30.3% iron.

Alderon’s President and CEO Tayfun Eldem said:

We are very pleased with this latest batch of assay results, as they continue to show the substantial thickness and the consistent grade that we expected. We continue to make excellent progress with the goal of upgrading our resource, as we work to complete the Feasibility Study in Q3 of 2012.

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

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