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ZONE RESOURCES INC. (TSX:ZNR)

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Last Post: 10/6/2011 6:15:40 PM - Followers: 0 - Board type: Free - Posts Today: 0

Zone Resources Inc. has assembled an extensive property portfolio in the Labrador Trough, a world-class iron ore district. The properties, located in Nunavik (Northern Quebec) are in proximity to major iron projects.

*41,500 hectares of property: The four major properties are Girard, Red Knob Hill, Bob Lake and Moore-Ross.

*Major players: The properties are adjacent to Adriana Resources' Lac Otelnuk Project and New Millennium's Kemag and Labmag projects. Tata Steel recently signed an option agreement with New Millennium for a $4.9 Billion development which includes the production of a 750km slurry pipeline.

*Strong historic results:
Highlight of the Historical drilling on Moore-Ross shows a significant hole bearing *42.9% iron over 197 feet. Over 37 drill holes, the primary iron mineral is hematite and iron grades ranged from 17.25% to 44.8%.

*Quebec: One of the most mining friendly provinces in the world. Furthermore, the provincial Quebec government recently announced an $80 Billion infrastructure and investment plan for the northern part of the province (Plan Nord).

With properties not subjected to modern exploration techniques, Zone Resources is aiming to design a program that will corroborate the historical results and determine future drill targets
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