Apella Resources: Iron-T Survey Increases Potential
Apella Resources Inc. (CVE:APA) reports that it has received and interpreted the results of a GPS integrated ground magnetic field survey for its Iron-T Vanadium-Iron-Titanium project near Matagami, Quebec.
Apella Resources Inc. (TSXV:APA) reports that it has received and interpreted the results of a GPS integrated ground magnetic field survey for its Iron-T Vanadium-Iron-Titanium project near Matagami, Quebec.
The press release is quoted as saying:
The magnetic survey was completed in November 2010. It covered the western part of the 3,995.57 ha Iron-T Project from Shallow Lake to the Bell River. The survey totaled 212 km of transversal lines, base lines and tie lines. This new survey covered about 50% of the total area of the Iron-T Vanadium-Iron-Titanium Project. The east-central and eastern parts of the Iron-T Project, which were the subject of Apella’s 2009-2010 exploration drilling, had already been surveyed between 2007 and March 2010.
Apella’s President and CEO, Patrick D O’Brien, says:
“We are further delighted by these new results as they relate to the potential the Iron-T provides. The Iron-T is ideally situated in the ore-rich Bell River complex where the close proximity to rail and power will prove important. The identification of drillable anomalies spanning the NW-SE strike of the project is very compelling.”