Welcome To The Zone Resources HUB On AGORACOM

Evaluating and Acquiring Oil, Natural gas, and Mineral Properties for Exploration and Development, including several Iron Ore Properties in the Labrador Trough

Hub Home

> Log In

Demo Video
Private Messages
Edit My Profile
View/Edit Portfolio

AGORACOM News Flash

AGORACOM WIRE - FRIDAY MAY 25TH, 2012

FOCUS METALS (TSXV:FMS) Changes Its Name to Focus Graphite Inc.

Aim to develop and manufacture the best technology graphite in the world
Additional shareholder value will come from investment in commercialized graphene through joint venture partner, Grafoid Inc.

Read More | *SPONSOR

INTERNATIONAL PBX VENTURES (TSX:PBX) Signs Copaquire Joint Venture Option Agreement - $90M Potential Payment Read More

AGORACOM Maintenance Alert: Friday Evening Downtime for About an Hour Read More

LOMIKO METALS (TSXV:LMR) Graphite and Zinc Price Outlook is Favourable Through 2013 Read More | *SPONSOR

Message: Zone Resources Inc. Signs Drilling Contract for Quebec Iron Project

Reply New Message

« Prev Message Back To Forum Go to Threaded View Next Message »

Boot

Rank: [?]

President

Points: [?]

17034

Rating: [?]

Votes: 104 Score: 4.0

Currently 4.0/5 Stars.

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.

Zone Resources Inc. Signs Drilling Contract for Quebec Iron Project

posted on Jul 11, 11 09:11AM (Log in to use the IP Check tool) ^[?]

Press Release Source: Zone Resources Inc. On Monday July 11, 2011, 9:00 am

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 11, 2011) - Zone Resources Inc. (Zone) (TSX VENTURE:ZNR - News; FRANKFURT:7ZR - News) reports announce that it has signed a contract to carry out diamond drilling on its Labrador Trough iron properties, in the Nunavik district of Northern Quebec. The property is northwest of Adriana Resources' Lac Otelnuk project (wherein Wuhan Iron and Steel Corp. has paid $120-million for a 60-per-cent interest), and New Millennium's Kemag and Labmag projects (which has an option agreement with Tata Steel for a $4.9-billion development which includes the construction of a 750-kilometre slurry pipeline).

The recent granting of a drill permit by the Quebec government has allowed the company to enter into a drilling contract with Discovery Diamond Drilling Limited, a company with extensive experience in drilling under Arctic conditions. Winter drilling during the 1950's, on the current Zone properties, shows that drilling can be carried out year round. It is anticipated that drilling will commence in August of 2011.

Zone is planning an aggressive exploration program this summer to evaluate historic iron-ore zones on the properties, and to further explore new target being generated by geophysical surveys.

Technical information in this news release has been reviewed by Mike Magrum, P.Eng., a Qualified Person as defined in NI 43-101.

Reply New Message

« Prev Message Back To Forum Go to Threaded View Next Message »