Oceanic Iron Files Technical Report

Oceanic Iron Ore Corp. (TSXV:FEO,OTCQX:FEOVF) announced it has filed a National Instrument 43-101 Technical Report on the Hopes Advance project in Canada.

As qoted in the press release:

The mineral resources presented here were estimated using a block model with parent blocks of 50 m by 50 m by 15 m sub-blocked to a minimum size of 25 m by 25 m by 1 m and using ID3 methods for grade estimation. A total of 10 individual mineralized areas were identified and each estimated into a separate block model. Given the continuity of the iron assay values, no top cuts were applied. All resources are reported using an iron cut-off of 25% within Whittle optimization pit shells and a mining recovery of 100%.

Click here to read the Oceanic Iron Ore Corp. (TSXV:FEO) press release.