Zone Resources Inc. (CVE:ZNR) reported that the company has received analyses of grab samples from outcropping zones of iron formation on its Moore property.
The press release is quoted as saying:
On the Creek Zone, two grab samples of magnetite iron formation contained 35.48% and 41.96% Fe. Three samples of siderite/ankerite iron formation reported analyses of 23.71%, 16.83% and 24.78% Fe. Total thickness of iron formation in this zone appears to be approximately 160 metres.
A single composite grab sample from a zone of magnetite iron formation that appears to be 100 metres thick on the North Slope Zone returned an analysis of 36.38% Fe.
The Ross Mountain Zone exposes iron formation over a length of 3 kilometres, with a thickness of about 80 metres. A single grab sample of magnetite iron formation contained 36.42% Fe, and a grab sample of interbedded magnetite-siderite iron formation reported 37.45% Fe. Three samples of siderite/ankerite/dolomite iron formation gave analyses of 23.53%, 24.17% and 5.46% Fe.
Two samples of siderite iron formation from the North River Zone, that appears to be at least 95 metres thick, contained 15.24% and 27.60% Fe.