Alderon Resource Corp. (TSX.V: ADV) (OTCQX: ALDFF) (“Alderon”) is pleased to announce assay results from the ongoing drill program on the Kamistiatusset (“Kami”) Iron Ore Project in western Labrador. Highlights include:
|Length (meters)||Total Iron %|
“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.
Alderon is a leading iron ore exploration and development company in Canada. The Kami Project is located within an existing iron ore district and is surrounded by producing iron ore mines. The Alderon team is comprised of skilled professionals with significant iron ore expertise to advance Kami towards production.
Alderon’s exploration work on the Kami Property is supervised by Edward Lyons, P.Geo., the Chief Geologist for Alderon and a Qualified Person as defined by NI 43-101. Mr. Lyons has verified that the assay results presented above have been accurately summarized from the official assay certificates provided to Alderon.
For more information on Alderon, please visit our website at www.alderonmining.com
ALDERON RESOURCE CORP.
On behalf of the Board
"Mark J Morabito"
President & CEO
Vancouver Office Toronto Office
T: 604-681-8030 T: 416--309-2135
F: 604-681-8039 F: 416-861-5887
This news release may contain forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.