Zone Resources Inc. (TSXV:ZNR,FWB:7ZR) is evaluating a range of possible strategic options for its Labrador Trough Iron Properties located in Northern Quebec, aimed at accelerating its exploration and development.
As quoted in the press release:
In 2011 the company reported initial drill results which have been encouraging. These initial results together with an extensive land package provide an opportunity to seek potential strategic alliances with interested major companies. Such companies could provide the capacity to expedite the exploration and development of the assembled Labrador Trough Iron Properties, maximizing shareholder value.
This strategic initiative is ongoing and the Company will inform its shareholders if there are material developments to report.
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