Oceanic Announces Updates on Expanded 2011 Drilling Program

Oceanic Iron Ore Corp. (PINK:FEOVF) announced updates to its 2011 drilling program, changes to its board of directors and its third quarter results.

The press release is quoted as saying:

This drill program will initially be focused primarily on the Hopes Advance area, and is targeted to bring approximately 1 billion tonnes of the historical resource to an inferred and / or indicated category, meeting NI 43-101 standards, by the end of Q4 of 2011.

To read the full press release, click here.