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Bullboard - Stock Discussion Forum Zone Resources Inc. V.ZNR

TSXV:ZNR - Post Discussion

Zone Resources Inc. > News on #7
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Post by SUCYN on Jan 25, 2012 11:25am

News on #7

ZONE RESOURCES INC. INTERSECTS 32.54% IRON OVER 167.10 METRES ON LABRADOR TROUGH PROPERTY

Zone Resources Inc. has released the results of diamond drill hole ZR11-07 on the company's Moore-Ross Mountain property in the Labrador Trough of Northern Quebec. The hole intersected an average of 32.54 per cent iron over 167.10 metres.

Drill hole ZR11-07 was drilled vertically on coincident magnetic and gravity anomalies on the North Slope zone on the Moore-Ross Mountain property. The hole was collared in magnetite-rich iron formation at the base of casing at 13.90 metres. Various phases of iron formation, mostly magnetite-dominant, continued to 181.00 metres. Total iron contents determined by X-ray fluorescence analysis varied from 22.20 per cent Fe to 45.92 per cent Fe, with an average of 32.54 per cent Fe over the entire 167.10 m zone. Dips, as estimated from core angles, vary from 10 to 50 degrees, averaging about 30 degrees. A previous hole on the North Slope zone, ZR11-05, intersected 29.98 per cent Fe over 85.20 metres, 1,500 metres to the southeast of ZR11-07. It also was collared in iron formation.

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