Alderon Intersects 28% Iron Over 691 Meters
28 October 2010 - 12:00AM
Marketwired
Alderon Resource Corp. (TSX VENTURE: ADV)(OTCQX: ALDFF) ("Alderon")
is pleased to announce assay results from the ongoing drill program
on the Kamistiatusset ("Kami") Iron Ore Project in western
Labrador. A total of 20,520 meters (m), representing sixty drill
holes completed or in progress, have been drilled on the Kami
Project to date, with results received for the first 21 holes.
Highlights from recently received holes include:
----------------------------------------------------------------------------
Drill Hole From (meters) To (meters) Length (meters) Total Iron %
----------------------------------------------------------------------------
K-10-42 86.9 370.0 283.1 31.4
----------------------------------------------------------------------------
including 166.0 292.0 126.0 33.9
----------------------------------------------------------------------------
----------------------------------------------------------------------------
K-10-43 10.5 173.0 162.5 32.7
----------------------------------------------------------------------------
including 86.7 173.0 86.3 35.4
----------------------------------------------------------------------------
----------------------------------------------------------------------------
K-10-44 87.0 140.6 53.6 30.4
----------------------------------------------------------------------------
----------------------------------------------------------------------------
K-10-46 13.5 704.0 690.5 28.2
----------------------------------------------------------------------------
including 13.5 189.4 175.9 29.7
----------------------------------------------------------------------------
and 281.0 490.6 209.6 29.9
----------------------------------------------------------------------------
----------------------------------------------------------------------------
K-10-47 57.6 112.7 55.1 28.0
----------------------------------------------------------------------------
253.8 603.0 349.2 27.2
----------------------------------------------------------------------------
including 253.8 318.9 65.1 30.4
----------------------------------------------------------------------------
"These results continue to demonstrate the consistency of the
depth and width of the Rose Lake Zone as we progress southwest,"
says Matt Simpson, Chief Operating Officer of Alderon.
All drill holes to date have tested the north eastern half of
the Rose Lake Zone. Complete assay highlights with drill plan maps
and sections are posted on the Alderon website at:
http://www.alderonmining.com/projects/kami/
True widths of the reported intercepts vary depending on the
angle of the individual drill holes and are estimated to be between
15% and 53% of the core interval as reported. Samples were prepared
from sawn NQ-sized half-core sections on site in Labrador. Split
drill core samples are then sent to SGS Mineral Services in
Lakefield, Ontario for analyses. Total iron analysis is performed
using X-ray fluorescence (XRF) and the magnetic component is
determined by Satmagan magnetic analysis. Standards, blanks, and
duplicate assays are included at regular intervals in each sample
batch submitted from the field as part of an ongoing Quality
Assurance/Quality Control program.
About Alderon
Alderon is a leading iron ore exploration and development
company in Canada. The Kami Project is located within an existing
iron ore district and is surrounded by producing iron ore mines.
The Alderon team is comprised of skilled professionals with
significant iron ore expertise to advance Kami towards
production.
Alderon's exploration work on the Kami Property is supervised by
Edward Lyons, P.Geo., the Chief Geologist for Alderon and a
Qualified Person as defined by NI 43-101. Mr. Lyons has verified
that the assay results presented above have been accurately
summarized from the official assay certificates provided to
Alderon.
For more information on Alderon, please visit our website at
www.alderonmining.com.
ALDERON RESOURCE CORP.
On behalf of the Board
Mark J Morabito, President & CEO
This news release may contain forward-looking statements. These
statements are based on current expectations and assumptions that
are subject to risks and uncertainties. Actual results could differ
materially because of factors discussed in the management
discussion and analysis section of our interim and most recent
annual financial statement or other reports and filings with the
TSX Venture Exchange and applicable Canadian securities
regulations. We do not assume any obligation to update any
forward-looking statements.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Alderon Resource Corp. - Vancouver Office Mark
Morabito 604-681-8030 604-681-8039 (FAX)
mmorabito@explorationgroup.com Alderon Resource Corp. - Toronto
Office 416-309-2135 416-861-5887 (FAX) info@alderonmining.com
www.alderonmining.com
Alderon Iron Ore Corp (TSXV:ADV)
Historical Stock Chart
From Jun 2024 to Jul 2024
Alderon Iron Ore Corp (TSXV:ADV)
Historical Stock Chart
From Jul 2023 to Jul 2024