Advanced Explorations Inc. Progressing With Feasibility Study <AXI.V>
Marketwire
Advanced Explorations Inc.
September 7, 2011 - 09:24:18 AM
Advanced Explorations Inc. Progressing With Feasibility Study
TORONTO, ONTARIO--(Marketwire - Sept. 7, 2011) - Advanced Explorations Inc.
(the "Company" or "AEI") (TSX VENTURE:AXI)(FRANKFURT:AE6) is pleased to
announce that work continues in support of the Roche Bay Feasibility Study
("FS"). In addition to this summer's resource and geotechnical drill programs
the Company has initiated a number of metallurgical studies looking to
optimize concentrate process and quality while reducing the associated
operating and capital cost. To date there have been five independent
metallurgical studies undertaken (two in Canada, two in Germany and one in
China) which support the previously reported results that a high quality
concentrate can be produced. The Company does expect to provide a further
update on the C- Zone resource as part of this ongoing work with the intention
of expanding the FS resource base.
A delegation of 9 from XinXing Pipes Group ("XXP") that includes their
technical team from Han-Xing Institute Mining Institute and China
Communications Construction Corporation arrived in Canada on September 5th,
2011, to review the technical and financial aspects of the Roche Bay C-Zone
project with Wardrop Engineering (A Tetra Tech Company) and AEI. The technical
sessions with Wardrop, Golder Associates and AEI teams will include over 20
professionals. Part of the group will also travel to Nunavut to visit the
Project and to meet with local and territorial government officials.
With the shareholder and TSX approvals complete (July 28, 2011 press release),
the Company is also using this opportunity to collaborate on finalizing the
formal Joint Venture Agreement and any terms and conditions associated with
implementation of the Joint Venture. Once in place AEI and XXP will be in a
position to move forward with the Roche Bay partnership and development.
John Gingerich, President and CEO, commented:
"The Company is pleased to host such a distinguished Chinese delegation whose
visit demonstrates a sincere commitment to fully understanding the technical,
financial and social aspects associated with the Roche Bay Project. The
XXP-AEI Joint Venture represents one of the largest potential Chinese mining
investments in Canada. Given the Federal Government recent announcements in
respect to supporting responsible mine development in Nunavut, the Company's
development plans align well with the social and economic development needs of
the north."
ON BEHALF OF THE BOARD
John Gingerich, President & CEO
Marketwire
Advanced Explorations Inc.
September 7, 2011 - 09:24:18 AM
Advanced Explorations Inc. Progressing With Feasibility Study
TORONTO, ONTARIO--(Marketwire - Sept. 7, 2011) - Advanced Explorations Inc.
(the "Company" or "AEI") (TSX VENTURE:AXI)(FRANKFURT:AE6) is pleased to
announce that work continues in support of the Roche Bay Feasibility Study
("FS"). In addition to this summer's resource and geotechnical drill programs
the Company has initiated a number of metallurgical studies looking to
optimize concentrate process and quality while reducing the associated
operating and capital cost. To date there have been five independent
metallurgical studies undertaken (two in Canada, two in Germany and one in
China) which support the previously reported results that a high quality
concentrate can be produced. The Company does expect to provide a further
update on the C- Zone resource as part of this ongoing work with the intention
of expanding the FS resource base.
A delegation of 9 from XinXing Pipes Group ("XXP") that includes their
technical team from Han-Xing Institute Mining Institute and China
Communications Construction Corporation arrived in Canada on September 5th,
2011, to review the technical and financial aspects of the Roche Bay C-Zone
project with Wardrop Engineering (A Tetra Tech Company) and AEI. The technical
sessions with Wardrop, Golder Associates and AEI teams will include over 20
professionals. Part of the group will also travel to Nunavut to visit the
Project and to meet with local and territorial government officials.
With the shareholder and TSX approvals complete (July 28, 2011 press release),
the Company is also using this opportunity to collaborate on finalizing the
formal Joint Venture Agreement and any terms and conditions associated with
implementation of the Joint Venture. Once in place AEI and XXP will be in a
position to move forward with the Roche Bay partnership and development.
John Gingerich, President and CEO, commented:
"The Company is pleased to host such a distinguished Chinese delegation whose
visit demonstrates a sincere commitment to fully understanding the technical,
financial and social aspects associated with the Roche Bay Project. The
XXP-AEI Joint Venture represents one of the largest potential Chinese mining
investments in Canada. Given the Federal Government recent announcements in
respect to supporting responsible mine development in Nunavut, the Company's
development plans align well with the social and economic development needs of
the north."
ON BEHALF OF THE BOARD
John Gingerich, President & CEO
