Oceanic Iron Ore Releases Assay Results

Oceanic Iron Ore Corp. (TSXV:FEO,OTCQX:FEOVF) announced iron ore assay results from 32 holes at its Hope Advance project area.

As quoted in the press release:

At Iron Valley, drill holes IV-11-003 and IV-11-005 demonstrate a thick iron formation grading 32.6% total Fe over a true width of 50.8 m and 45.8 m respectively.

Oceanic’s Chairman and CEO, Steven Dean said:

The extension of mineralized zones in various deposits across the Hopes Advance project area demonstrate the strength of mineralization and upside potential for extension to at surface low strip resources at Hopes Advance. We look forward to updating the market with a revised NI 43-101 resource estimate for the Hopes Advance project area which takes account of these assays before the end of the first quarter.

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