Oil and Gas

Zone Resources Inc. (CVE:ZNR) reports that it has received TSX Venture Exchange approval to acquire the Girard Iron ore project, Nunavik, northern Quebec.

Zone Resources Inc. (TSXV:ZNR) reports that it has received TSX Venture Exchange approval to acquire the Girard Iron ore project, Nunavik, northern Quebec.

The press release is quoted as saying:

The Girard Iron Ore Project is located in the Labrador Trough, a world famous iron ore belt. The property is northwest of Adriana Resources’ Lac Otelnuk Project (wherein Wuhan Iron and Steel Corp. has paid $120 million for a 60% interest), and New Millenium’s Kémag and Labmag projects (who have an option agreement with Tata Steel for a $4.9 billion development which includes the construction of a 750 km slurry pipeline). The Girard Iron Ore Project has not been subjected to modern exploration methods and only minimal drilling has been carried out in the past.

Click here to access the entire news release.

Click here to access Zone Resources’ company profile.

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