Advanced Explorations Inc.
TSX VENTURE : AXI

Advanced Explorations Inc.

September 18, 2007 10:51 ET

Advanced Explorations Inc. Expands Definition of the C Zone at Roche Bay

TORONTO, ONTARIO--(Marketwire - Sept. 18, 2007) - Advanced Explorations Inc. (the "Company" or "AEI") (TSX VENTURE:AXI) is pleased to announce additional results from the C Zone mapping and drilling program on the Roche Bay magnetite project located on the East Melville Peninsula, Nunavut. The drill program is currently focused on systematically defining the mineralization of the main part of the "C" Zone over a strike length of 4000 metres. Results from mapping, drilling and geophysics indicate an average width of over 200 metres for zone 1, with widths up to 300m wide in the northern part of the zone.

Holes drilled on sections 4200S, 4600S and 5000S intersected banded iron formation over true thicknesses of approximately 230m, 160m and 210m respectively. These results compare well to the previously reported thicknesses of 240m on Section 1400S and 295m on Section 1800S. Zone 1 on line 2200S has a thickness of about 155 meters but is cut by a 50 metre thick gabbroic dyke that significantly disrupts the zone on this line. The drilling continues to refine the definition of Zone 1. Assays are pending.

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 that locally transect the entire zone. 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 Although these historical references of resource potential are relevant to recognizing the potential of the Roche Bay property, they should not be relied upon and accordingly no claim to resources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.

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

ON BEHALF OF THE BOARD

John Gingerich, 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.

THE TSX VENTURE EXCHANGE HAS NEITHER APPROVED OR DISAPPROVED OF THE CONTENTS HEREIN.

Contact Information

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