VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 31, 2011) - Zone Resources Inc. (Zone) (TSX VENTURE:ZNR - News; FRANKFURT:7ZR - News) is pleased to announce that field work has commenced on Zone's iron properties in the Nunavik Region of Northern Quebec. Preliminary reconnaissance on the Moore property, assisted by the recently completed airborne magnetic survey, has identified four new zones of iron formation that were not described in historical reports.
The Ross Mountain Zone of iron formation is exposed for a strike length of 3 kilometres and a thickness of at least 80 metres. It has a dip that varies from 10 degrees to 45 degrees. The Creek Zone exposes iron formation that is at least 160 metres thick and corresponds to an airborne magnetic anomaly that is over 2 kilometres long. The North Slope Zone is exposed in one location where it is about 100 metres thick; the corresponding magnetic anomaly is 2 kilometres long with possible offset extensions that might add another 2 kilometres. The North River Zone is at least 95 metres thick and has a probable strike length of 1 kilometre, with an additional magnetic anomaly that appears to be a slightly offset extension, and is at least 3 kilometres long. There are also several airborne magnetic anomalies that have no outcrop, but are believed to be caused by other zones of iron formation.
Grab samples of the new zones have been collected and sent for assay.
These "new" zones are in addition to the historic zones - the Moore, Partington and Star zones that were partially delineated by drilling in 1951 to 1952, and have been referred to in previous news releases.
On the Girard property, only one magnetic anomaly was looked at; it is caused by an iron formation that appears to be 220 metres thick. The anomaly is 9 kilometres long, and is one of many as yet untested anomalies on the Girard property.
The Bob Lake and Red Knob Hill properties have not yet been visited on the ground.
Technical information in this news release has been reviewed by Mike Magrum, PEng, a qualified person as defined in National Instrument 43-101.
About Zone Resources Inc.
Zone Resources Inc. is in the business of evaluating and acquiring oil and natural gas properties for exploration and development. The Company's shares trade on the TSX Venture Exchange under the symbol ZNR.
Cautionary note:
This report contains forward looking statements. Resource estimates, unless specifically noted, are considered speculative. Any and all other resource or reserve estimates are historical in nature, and should not be relied upon. By their nature, forward looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future. Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Cautionary Note to US investors: The U.S. Securities and Exchange Commission specifically prohibits the use of certain terms, such as "reserves" unless such figures are based upon actual production or formation tests and can be shown to be economically and legally producible under existing economic and operating conditions.
Neither the 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.
Contact:
Archie BoyceZone Resources Inc. - Vancouver OfficeDirector(604) 683 5445 ext 227archie@zone-resources.comwww.zone-resources.com
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