January 25, 2012: Zone Resources Inc. (Zone) (TSX-V: ZNR)
(Frankfurt: 7ZR) reports the results of diamond drill hole
ZR11-07 on the company's Moore-Ross Mountain property
in the Labrador Trough of northern Québec. The hole
intersected an average of 32.54% Fe over 167.10 metres.
Drill hole ZR11-07 was drilled vertically on coincident
magnetic and gravity anomalies on the North Slope Zone on
the Moore-Ross Mountain property. The hole was collared in
magnetite-rich iron formation at the base of casing at
13.90 metres. Various phases of iron formation, mostly
magnetite-dominant, continued to 181.00 metres. Total iron
contents determined by X-Ray fluorescence analysis varied
from 22.20% Fe to 45.92% Fe, with an average of 32.54% Fe
over the entire 167.10 metre zone. Dips, as estimated from
core angles, vary from 10 to 50 degrees, averaging about 30
degrees. A previous hole on the North Slope zone, ZR11-05,
intersected 29.98% Fe over 85.20 metres, 1500 metres to the
southeast of ZR11-07. It also was collared in iron
formation.
The grade and width of this intersection are comparable
with the two recently announced diamond drill holes on the
company's Girard iron property, 70 kilometres to the
southeast of Moore-Ross Mountain. ZR11-08 intersected
35.77% Fe over 243.00 metres and ZR11-09 cut 35.64% Fe over
137.00 metres. Both of these holes were 50-degree inclined
holes on sub-vertical magnetite iron formations, and both
were collared in iron mineralization.
Technical information in this news release has been
prepared and/or reviewed by Michael Magrum, P.Eng., a
Qualified Person as defined in NI 43-101. Analyses were
performed by Activation Laboratories Ltd. using X-Ray
fluorescence.
About Zone Resources Inc.
Zone Resources Inc. is a Canadian Iron 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. Historical
drilling on the Moore-Ross property includes a significant
hole grading 42.9% iron over 197 feet. Over 37 drill holes,
the primary iron mineral is hematite and iron grades ranged
from 17.25% to 44.8%. The Company's shares trade on the
TSX Venture Exchange under the symbol ZNR and on the
Frankfurt 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.
Cautionary note:
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.
Vancouver Office
Email: info@zone-resources.com
Telephone: (604) 683 5445
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