Advanced Explorations Inc.

Advanced Explorations Inc.

July 15, 2008 08:30 ET

Advanced Explorations Inc. Extends C Zone Mineralization to a Depth of 500 metres

TORONTO, ONTARIO--(Marketwire – July 15, 2008) - Advanced Explorations Inc. (TSX VENTURE:AXI.H)(NEX BOARD:AXI.H)(TSX VENTURE:AXI) (the "Company or AEI") is pleased to announce results from Zone C1 drilling on its Roche Bay iron project in Nunavut. Drill-hole RBC-08-62, drilling with NQ-sized core and angled at -75 degrees on grid west 305 degrees azimuth, was designed to test the downdip extent of the steeply east dipping banded iron formation (BIF). The hole intersected 326 metres of BIF in the hole and exited the zone at a distance of 590 metres down-hole. At 617 metres, this is now the deepest hole drilled on the property and indicates that the mineralization continues to depths greater than 500 metres below surface. Samples are now being sent to SGS Laboratories in Lakefield, Ontario for assaying.

The Company currently has 4 drill rigs turning and a fifth set up ready to go. To date over 8600 metres have been drilled in 2008 and the program has now eclipsed its targeted 1500 metres of drilling per week. Drilling is directed at supporting the resource and economic study currently underway. Establishing the potential depth extent of the mineralization is one of the key objectives.

John Gingerich, President and CEO of AEI, commented;

"Hole RBC-08-62 is an important hole as it verifies that the iron
formation extends to depths well beyond typical open pit design depths.
The over five kilometre long C-Zone is currently being tested with 4
drill rigs. With widths locally in excess of 250 metres the recent hole
confirms the potential to develop a large tonnage deposit."


John Gingerich, President & CEO

Gary Williams P. Geo and VP of Advanced Explorations Inc is the QP within the meaning of 43-101, and has reviewed and approved the content of this release.

ABOUT Advanced Explorations Inc.

AEI, based in Toronto, Canada, is exclusively focused on developing high quality iron ore opportunities. In early 2007 the Company expanded its capabilities in iron ore exploration and development with the acquisition of strategic management personnel. AEI has the management, technical and exploration expertise and experience to rapidly advance the Roche Bay magnetite project, which was acquired in June 2007, as well as, to develop new opportunities in the area and globally. The Roche Bay magnetite project is located proximal to a natural harbour which makes it potentially one of the world's premier iron ore opportunities. Shares of the company trade on the TSX Venture Exchange under the symbol AXI. For more information please visit

This news release also includes forward-looking statements that involve a number of risks and uncertainties. The information reflects numerous assumptions as to industry performance, general business and economic conditions, regulatory and legal requirements, taxes and other matters, many of which are beyond the control of the company. Similarly, this information assumes certain future business decisions that are subject to change. There can be no assurance that the results predicted here will be realized. Actual results may vary from those represented, and those variations may be material.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.


Contact Information

  • (416) 203-0057 x226