Alderon Resource Corp. (TSX VENTURE:ADV)(OTCQX:ALDFF) has announced assay results from the ongoing drill program on the Kamistiatusset Iron Ore Project in western Labrador.
"The grade and width consistency at Kami is great to see," says Matt Simpson, Chief Operating Officer of Alderon. "Not only are we drilling within the mineralized zone that was previously outlined, but we continue to step outside the boundary and still see great mineralization."
All drill holes to date have tested the north eastern half of the Rose Lake Central Zone. Holes K-10-39A and K-10-40 were drilled within the known mineralized envelope, whereas K-10-37A was collared 210 meters to the southwest and confirms the extension of the mineralized 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 36% and 60% 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.
Source: Alderon Resource Corp.