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Zone Resources Inc. Adds a Fifth Property to its Labrador Trough Iron Project, Quebec
May. 03, 2011 09:40AM PST
Base Metals Investing Zone Resources Inc. (CVE:ZNR) reports it has acquired an option to earn a 100% interest in the Knob Hill iron property, consisting of approximately 2,000 hectares, located in Canada.
Zone Resources Inc. (TSXV:ZNR) reports it has acquired an option to earn a 100% interest in the Knob Hill iron property, consisting of approximately 2,000 hectares, located in Canada.
The press release is quoted as saying,
The terms of the agreement are subject to regulatory approval of the TSX Venture Exchange. The property, located in the Labrador Trough is the fifth property that Zone has added to its “Labrador Trough Iron Project” bringing the project size to 13,200 hectares. This new acquisition is approximately 12 kilometers north of the recently announced Moore-Ross Iron property.
For the complete press release, click here.