The Conversation (0)
Zone Resources Inc. (CVE:ZNR) reports that the exploration team has began work on the Labrador Trough iron properties.
The press release is quoted as saying:
The Company has signed contracts for an environmentally permitted camp and a helicopter. Initial work will consist of gravity geophysical surveys to finalize diamond drill hole locations.
Zone has optioned four iron properties, totaling 41,500 hectares, in the Labrador Trough in Nunavik in Northern Quebec. Drilling in the 1950s had outlined a number of zones of iron mineralization. The properties are northwest of Adriana Resources’ Lac Otelnuk project (wherein Wuhan Iron and Steel Corp. has paid $120-million for a 60-per-cent interest), and New Millennium’s Kemag and Labmag projects (which have an option agreement with Tata Steel for a $4.9-billion development which includes the construction of a 750-kilometre slurry pipeline).
Click here to access the entire news release.
Click here to access Zone Resources’ company profile.(TSXV:ZNR)