Advanced Explorations Inc.

Advanced Explorations Inc.

September 13, 2007 02:00 ET

Advanced Exploration Reports 243 Metres of 30.3% Fe.

TORONTO, ONTARIO--(Marketwire - Sept. 13, 2007) - Advanced Explorations Inc. (TSX VENTURE:AXI) (the "Company" or "AEI") is pleased to announce assay results from drill section 1800S on the C Zone at Roche Bay. Hole RB-07-07 (drilled to the east) intersected 242.96 metres of banded iron formation averaging 30.3% Fe, including an interval of 98.67 metres that averaged 31.0% Fe. Hole RB-07-04 which tested the width of the zone to the west intersected 168.19 metres of banded iron formation. The first 48.6 metres of banded iron formation averaged 24.8% Fe and mineralization over the entire zone averaged 21.0% Fe. Both holes were drilled in an area of shallow overburden from the same location. One hole was drilled to the east and the other to the west at -45 degrees. A summary of the drill results from the main mineralized zone are listed in the table below.

The Company reported on September 4, 2007 that the main zone has a true width of about 242 metres on line 1400S. Drilling on line 1800S indicates an approximate true width of the zone of 295 metres. The width and grades of the banded iron formation on line 1800S are very encouraging. Drilling indicates the zone grades higher toward the western flank but still has significant grades over the entire width. Work to date indicates substantial potential in the C Zone, which is a standalone target with significant size potential.

DDH Summary Line 1800S

From To Interval Total Fe
Section Hole (m) (m) (m) (%)

1800S RB-07-04 4.00 172.19 168.19 21.0
Including 4.00 52.60 48.60 24.8
1800S RB-07-07 6.00 248.96 242.96 30.3
Including 27.00 125.67 98.67 31.0

"Results to date continue to verify the size and grade potential of the Roche Bay project." Mr Gingerich, President and CEO of Advanced Explorations Inc went on to say; "Our drill program is currently focused on completing the drill sections between 1400S and 5000S. Once this drilling is completed we will test the zone along strike both to the north and south. We are currently in discussions with our drill contractor as to the possibility of adding additional drills to allow us to accelerate the current program and evaluate the other zones."

The Roche Bay, iron formation deposits are interpreted to be steeply dipping isoclinally folded iron formation flanked by calc-silicate metasediments. Geologic analysis suggested the eastern flank of the "C" Zone which has a mapped strike of over 5000 metres has been intruded by late stage gabbroic dykes. The current program is focused on the western flank of the C Zone which was one of 5 zones (A, B, C, D and E) identified in previous exploration programs undertaken in the early 1980s. Based on the field work in 1982, 1.14 billion tonnes was estimated in the 5 zones with an iron grade between 24% and 34%. The potential quantity and grade is conceptual in nature, as there has been insufficient exploration to define a mineral resource. Although these historical references of resource potential are relevant to recognizing the potential of the Roche Bay property, they should not be relied upon and accordingly no claim to resources under NI 43-101 is made. The Company has not verified the classification of the historic resource references and is not treating them as NI 43-101 defined resources as defined in Sections 1.2 and 1.3 of NI 43-101.

The geologic information within this release is in part extracted from a qualifying report filed on Sedar (Paul Palmer, et al of Golder Associates Ltd.). Gary Williams P. Geo and VP of Advanced Explorations Inc is the QP within the meaning of 43-101, and has reviewed and approve the content of this release.

Analysis: All the drill core analysis reported in this release was performed by SGS Laboratories (Lakefield) using XRF techniques to report total elemental composition. The company augments the laboratory QA/QC procedures by selectively adding additional control samples. Core sample intervals are 1 metres except where intervals cross geologic boundaries in which case the length is adjusted accordingly.


John Gingerich P. Geo, President & CEO

ABOUT Advanced Explorations Inc.

AEI, based in Toronto, Canada, has been developing a strategy to leverage its expertise and experience in identifying business opportunities within the Resource sector. The company has recently expanded its capabilities in iron ore with the acquisition of strategic management personnel. AEI has the management, technical and exploration expertise and experience to rapidly advance the Roche Bay iron ore project, as well as develop new opportunities in the area and globally. The Roche Bay magnetite project located proximal to a natural port makes it one of the world's premier iron ore opportunities. Shares of the company trade on the TSX Venture Exchange under the symbol AXI.

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.


Contact Information

  • Advanced Explorations Inc.
    John Gingerich P. Geo
    President & CEO
    (416) 203-0057