Oceanic Iron Ore Corp.: Drill Results Continue to Confirm Historical Data

Oceanic Iron Ore Corp. (TSXV:FEO,OTC:FEOVF) reports the second set of assay results from its 2011 drill program.

The press release is quoted as saying,

Hole HA-11-004 on section 30+00 returned an assay of 32.3% total Fe over a width of 64.1 m, which compares to the adjacent historic drill hole P49 which delivered 34.9% total Fe over a width of 67.0 m. Hole HA-11-05, drilled on section 20+00 returned an assay of 34.6% total Fe over a width of 57.9 m. The adjacent historic drill hole P35 graded 34.9% total Fe over a width of 60.1 m. HA-11-06, drilled on section 10+00, also returned an average assay of 31.3% total Fe over a width of 44.7 m compared to the adjacent historic drill hole P28, which had an assay of 30.8% total Fe over a width of 54.9 m.

For the complete press release, click here.