Advanced Explorations Inc. (TSXV:AXI,FWB:AE6) announced the discovery of new nickel-copper-cobalt and copper-silver-gold mineralization.

As quoted in the press release:

Five zones of nickel-copper mineralization were identified, with better assay values of 0.86% Ni, 0.59% Cu, 0.04% Co and 0.40% Ni, 0.19% Cu, 0.04% Co, and one zone of high grade copper-silver-gold mineralization returned assays of 1.93% Cu, 33 g/t Ag, 0.35 g/t Au and 1.06% Cu, 18.8 g/t Ag, 0.14 g/t Au.

Advanced Explorations’ President and CEO, John Gingerich said:

With the Company’s very large land holdings in favorable geological terrains and over 350 gossans reported by Geological Survey of Canada (“GSC”) mapping visible from the air, we were only able to scratch the surface as to the area’s true potential. The prospect of discovering high grade Ni-Cu and Cu-Ag-Au systems provides the opportunity to create additional shareholder value through possible partnerships and/or spin-offs while AEI remains focused on the development of its core iron ore assets.

Click here to read the Advanced Explorations Inc. (TSXV:AXI) press release.