Advanced Explorations Inc. Intersects 66 Metres of 31.7% Iron



    TORONTO, Jan. 6 /CNW/ - Advanced Explorations Inc. (the "Company or AEI")
is pleased to announce the latest assay results from the 2008 drilling
campaign on its Roche Bay iron ore project in Nunavut, Canada. Drill-hole
RBC-08-92 collared on section 12000N, intersected 66.0 metres averaging 31.74%
iron within a broader zone of 233.1 metres averaging 26.61% iron. Results
continue to confirm a higher grade core within a broader zone of lower grade
banded iron formation.
    Results from drilling 1200 metres to the south are consistent with
previous results. Drill-hole RBC-08-78, collared on section 10800N,
intersected 149.7 metres of 24.50% iron including an interval of 85.4 metres
of 26.98% iron. In addition, drill-hole RBC-08-79, drilled on section 10600N,
intersected 137.6 metres of 25.98% iron, including an interval of 28.0 metres
of 31.67% iron.

    
    John Gingerich, President and CEO commented:
    "The assays seen here continue to provide encouragement and indicate a
    higher grade magnetite core within the broader mineralized banded iron
    formation over a 4 kilometre strike length. We believe we are within a
    few weeks of getting the last of the assays from SGS Lakefield. Once that
    process is complete we will be able to finish creating our resource model
    and the NI 43-101 report."

    ON BEHALF OF THE BOARD

    John Gingerich, President and CEO

    Please see the table below for current drilling details.

    -------------------------------------------------------------------------
      Hole     Line  Coordinate   Dip  Azimuth  From    To    Interval  % Fe
     Number     (N)      (E)                    (m)     (m)     (m)
    -------------------------------------------------------------------------
    RBC-08-78  10800     925      -45    305    44.4   194.1   149.7   24.50
    -------------------------------------------------------------------------
       (*)      (*)   including   (*)    (*)    44.4   129.8    85.4   26.98
    -------------------------------------------------------------------------
    RBC-08-79  10600     900      -45    305    24.4   162.0   137.6   25.98
    -------------------------------------------------------------------------
       (*)      (*)   including   (*)    (*)    56.0    84.0    28.0   31.67
    -------------------------------------------------------------------------
    RBC-08-85  9800      800      -60    305    96.6   278.6   182.0   22.32
    -------------------------------------------------------------------------
       (*)      (*)   including   (*)    (*)   148.0   178.0    30.0   27.50
    -------------------------------------------------------------------------
    RBC-08-92  12000     900      -50    305    42.0   275.1   233.1   26.61
    -------------------------------------------------------------------------
       (*)      (*)   including   (*)    (*)    46.0   112.0    66.0   31.74
    -------------------------------------------------------------------------

    Note: Results for drill-hole RBC-08-78 are now complete; partial results
    were previously reported on Nov 24, 2008
    

    Gary Williams, P. Geo and VP of Advanced Explorations Inc. is the QP
within the meaning of 43-101 and has reviewed and approved the content of this
release.
    Analysis: All the recent drill core analysis reported in this release was
performed by SGS Lakefield Research. At SGS samples are analyzed for total Fe
using XRF techniques. SGS also undertakes Satmagan analysis to estimate the
portion of magnetic iron. The company augments the laboratory QA/QC procedures
by selectively adding additional control samples. Core sample intervals for
2007 were 1 metre and increased to 2 metres except where intervals cross
geologic boundaries in which case the sample length is adjusted accordingly.

    ABOUT Advanced Explorations Inc.

    Advanced Explorations Inc., based in Toronto, Ontario, is a mining
exploration company exclusively focused on developing high quality iron ore
opportunities. In early 2007, AEI acquired the option to earn an interest in
the Roche Bay Magnetite Project located on the Melville Peninsula in Nunavut,
Canada. Led by an experienced management team with technical, exploration and
mining expertise the company has the capabilities to rapidly advance the Roche
Bay Project and explore other local and global opportunities. Located proximal
to a natural deep water harbour the Roche Bay deposit benefits from
transportation efficiencies possibly making it one of the world's premium iron
ore prospects. Shares of the company trade at the TSX Venture Exchange (AXI)
and at the Frankfurt Stock Exchange (AE6). For more information please visit
www.advancedexploration.com.

    
    THE TSX VENTURE EXCHANGE HAS NEITHER APPROVED OR DISAPPROVED OF THE
    CONTENTS HEREIN.
    

    This news release also includes forward-looking statements that involve a
number of risks and uncertainties. The information reflects numerous
assumptions as to industry performance, general business and economic
conditions, regulatory and legal requirements, taxes and other matters, many
of which are beyond the control of the company. Similarly, this information
assumes certain future business decisions that are subject to change. There
can be no assurance that the results predicted here will be realized. Actual
results may vary from those represented, and those variations may be material.
    This news release does not constitute an offer to sell or a solicitation
of an offer to sell any securities in the United States. The securities have
not been and will not be registered under the United States Securities Act of
1933, as amended (the "U.S. Securities Act") or any state securities laws and
may not be offered or sold within the United States or to U.S. Persons unless
registered under the U.S. Securities Act and applicable state securities laws
or an exemption from such registration is available.




For further information:

For further information: (416) 203-0057 x226

Organization Profile

ADVANCED EXPLORATIONS INC.

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890