Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
TORONTO, ONTARIO–(Marketwire – Oct. 26, 2011) – Advanced Explorations Inc. (the “Company” or “AEI”) (TSX VENTURE:AXI)(FRANKFURT:AE6) today announces the first set of assay results from the 2011 geophysical prospecting program at the Tuktu Iron Project located within 60 km north of the Company’s Roche Bay Iron Project on the east coast of the Melville Peninsula, Nunavut. High grade samples of 63.85% and 62.26% iron respectively were taken from banded iron formation (“BIF”) on the HABS 2 claim located approximately 6 km from the south-east portion of the Tuktu deposit where a 2011 drill program is about to deliver an initial NI 43-101 compliant resource estimate.
