Zone Resources Inc. announced that it has acquired an option to earn a 100% interest in the Lac Edgar and the Girard West Iron Properties, consisting of over 63,000 acres, located in Nunavik, northern Quebec.
The properties contain a minimum of 6 zones of iron mineralization, that were identified in historic work completed by the Quebec Labrador Development Company Limited, between 1947 and 1960. The zones of iron mineralization are located over a length of 19 kilometers and a width of up to 5 kilometers. Outcrop is limited and overburden is up to 25 feet (7.6 meters) deep. As a result, the property was not extensively worked during the period that the major iron mines of the Labrador Trough were developed near Schefferville and Labrador City.
Totaling 315 claims and over 36,000 acres is the Lac Edgar claim block. Drill hole ZR11-09, the first and only hole to date on the Lac Edgar claim block, intersected an iron formation with an average of 35.64% Fe over 137.00 metres.
Drill hole ZR11-09 was drilled at -50 degrees along a 9 kilometre long airborne magnetic anomaly. It was collared in magnetite-rich iron formation at the base of casing at 3.00 metres. Iron contents of individual samples ranged up to a maximum 45.06% Fe, with the previously mentioned average of 35.64% Fe over the 137.00 metre intercept. A second, narrower zone of iron formation averaging 29.01% Fe of 10.45 metres was encountered 86 metres below the 137 metre intersection. The dip of the main iron zone in proximity to drill hole ZR11-09 is approximately vertical based on core angles. Drill hole ZR11-09 was collared in iron formation, and therefore did not intersect the full width of the main zone.
The magnetic survey previously flown over the Lac Edgar claim group outlined numerous magnetic anomalies: the aggregate length of all the magnetic anomalies, believed to be caused by magnetite iron formation (with amplitude over 1,000 nT), is approximately 50 kilometres in length and has the potential for Direct Shipping Ore ("DSO")
Totaling 226 claims and over 26,000 acres is the Girard Lake West property. Drill hole ZR11-08, the first and only hole to date on the Girard Lake West claim block, intersected an iron formation with an average of 35.77% Fe over 243.00 metres.
Drill hole ZR11-08 was drilled at -50 degrees on a 5 kilometre long airborne magnetic anomaly in the western part of the Girard claim group. It was collared in magnetite-rich iron formation at the base of casing at 6.00 metres. The iron zone continued for 243.00 metres. Iron contents of individual samples over core lengths of between 1.50 and 2.00 metres ranged from 23.49% Fe up to a maximum 45.55% Fe, with an average of 35.77% Fe over the entire 243.00 metre intersection.
The Lac Edgar and Girard West properties were explored between 1949 and 1954 by Quebec Labrador Development Company, which held a concession over the area; it was geologically mapped in considerable detail. Trenching and drilling were also carried out However only partial drill results are available, while there are records of trench sampling and assays.
Nine showings or zones were discovered on the Lac Edgar and Girard West properties. Of these, there is some information available on three, while the other six are simply noted on the geological map.
McDonald Showing (Lac Edgar)
GM2160A states that:
"A showing known as the McDonald was discovered, having a rust area of over one and one half miles and widths exceeding 500 feet.
Four trenches totalling 2600' and 26 test pits were completed on the north end of this zone where the overburden was lightest and a minimum of water was encountered. High iron assays were secured but the silica content also was high, but as work preceded south the silica content decreases. However, in this work, quartzites were encountered and test pits were then put down to determine the strike, widths and dips, but as yet this work has not been carried through to a definite conclusion."
The following table gives a summary of the trench results.