March 28, 2012: Zone Resources Inc. (Zone) (TSX-V: ZNR) is pleased to announce that a contract has been signed to carry out a
drill program on its Labrador Trough iron properties in the Nunivik region of northern Quebec. Subject to financing, the 2012 exploration
program will consist of diamond drilling, surface exploration to generate new drill targets and an airborne gravity survey to explore for
high grade hematite targets.
The primary focus of drilling will be the Girard property, which has over 75 kilometres of strong, linear magnetic anomalies. The two 2011 diamond drill holes returned average total iron contents of greater than 35% over good widths. The Girard property also has extensive areas of hematite, indicating the potential for DSO (Direct Shipping Ore) deposits. In one case, bright red hematitic rocks and overburden line both sides of a 4-kilometre length of a river valley. Gravity surveying will be an important tool in defining DSO targets in these hematized areas, as well as the extensive overburden-covered areas.
About Zone Resources Inc.
Zone Resources Inc. is a Canadian Iron ore exploration and development company with 4 major projects situated in the Labrador Trough of Quebec, Canada. The properties are near Adriana Resources' Lac Otelnuk Project and New Millennium's Kemag and Labmag projects. Recent 43-101 compliant drilling, completed at the end of 2011, on the Girard property intersected 35.77% Fe over 243.00 metres in drill hole ZR11-08 and 35.64% Fe over 137.00 metres in drill hole ZR11-09. ZR11-08 and ZR11-09 were the only two drill holes completed by Zone at the Girard property during the 2011 program.
Additional 2011 drilling on the Moore-Ross property, 70 kilometres to the northwest of the recent drilling at the Girard property, intersected an average of 32.54% Fe over 167.10 metres in drill hole ZR11-07. Historical drilling on the Moore-Ross property is highlighted by a significant hole grading 42.9% iron over 197 feet, including over 37 other drill holes with iron grades ranging from 17.25% to 44.8% (the primary iron mineral is hematite).
Technical information in this news release has been reviewed by Mike Magrum, PEng. a qualified person as defined in National Instrument 43-101. The Company's shares trade on the TSX Venture Exchange under the symbol ZNR and on the Frankurt Exchange under the symbol 7ZR
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.
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.
FOR FURTHER INFORMATION ABOUT THE COMPANY, PLEASE CONTACT:
Zone Resources Inc.
Telephone: (604) 683 5445