Nunavut

High-quality concentrates with these specifications currently demand premium pricing. Additional exploration work is being undertaken to follow up previously discovered high-grade iron at the Tuktu Project to further determine that project’s direct-ship ore potential. Initial field work has focused on the 1,600-meter-long magnetic anomaly known as Tuktu 2 where prospecting in 2011 yielded results in excess of 62 percent iron. Preliminary reports indicated that the northern portion of the anomaly is fairly well-exposed and has been traced along strike for about 500 meters where it disappears under shallow cover. Widths up to 100 meters are noted and of particular importance is the presence of abundant specular hematite. The first assays from the channel sampling is expected within the next six weeks, but early findings have identified the size potential for a high-grade direct-ship ore mineralization. Advanced Explorations also reported that it has entered strategic partnership discussions with several of the world’s largest power generation companies who expressed interest in its proposed liquefied natural gas remote power solution program. It is anticipated that a memorandum of understanding will be concluded in the near future. The work undertaken by Advanced Explorations suggests power generation savings of up to 65 percent over Arctic diesel is possible along with significant environmental benefits. Concluding a strategic partnership in the development of LNG power generations will bring to the project the capability and capacity to deliver the power solution and allow the company to focus on the Roche Bay mine development.