Advanced Explorations Iron Ore Project Updates
Advanced Explorations (OTC Other: ADEXF; TSX-V: AXI) is doing field work on its iron ore properties in Nunavut, Canada. At Roche Bay, the Company geotechnical program includes confirmation of water depths in its natural deep water harbour and recent metallurgical studies which indicate that high quality concentrates can be achieved and which demand premium pricing. At Tuktu, additional exploration work is underway to further determine the project's direct-ship ore (DSO) potential.
In addition, the Company has been in strategic partnership discussions with several of the world's largest power generation companies who expressed interest in AEI's proposed LNG (Liquified Natural Gas) remote power solution program. It is anticipated that a memorandum of understanding will be concluded in the near future.