Zone Resources Inc. Labrador Trough Iron Properties Status Report and Exploration Update

Zone Resources Inc. (TSXV:ZNR) reported an update of the company’s exploration program on its iron ore properties in the Labrador Trough of northern Québec.

As quoted in the press release:

Recent claim staking has increased the size of the company’s properties to a total of 888 claims with an aggregate area of approximately 102,210 acres. The claims are divided into four separate blocks or properties: the Moore (261 claims), Girard (553 claims), Bob Lake (54 claims) and Red Knob Hill (20 claims).

A diamond drilling program on the Moore property is now on the fifth hole. The first two holes were drilled on the Moore zone, both of which were abandoned because of poor ground conditions. The hematite mineralization was, for the most part, unconsolidated and core recovery was very low. Drill testing of the Moore and Star hematite zones will resume after an appropriate mud system is installed. Drill holes ZR11-03 and ZR11-04 tested the Ross Mountain zone, a 3 kilometre long ridge that exposes magnetite and siderite (iron carbonate) mineralization.

Click here to read the Zone Resources (TSXV:ZNR) press release. 

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