Drilling Underway on Advanced Explorations Inc.’s Tuktu Iron Ore Project

Advanced Explorations Inc. (TSXV:AXI,FRA:AE6) reports drilling is underway at the Tuktu Iron Ore project on the east coast of the Melville Peninsula in Nunavut, Canada.

The press release is quoted as saying,

The first fence of 250 metre deep diamond drill holes will test the heart of Tuktu 1, a 2600 metre banded iron formation (BIF) where its width has been mapped to approximately 700 metres. The drilling program is designed to establish a NI 43-101 compliant resource. Detailed mapping and systematic sampling done in 2009 indicates a BIF with an average surface grade of approximately 34% total iron and low deleterious elements.

For the complete press release, click here.