Posted in | News | Iron Ore | Mining Business

Zone Resources Signs Diamond Drilling Contract for Labrador Trough Iron Properties

By Joel ScanlonJul 13 2011

Zone Resources has entered into a diamond drilling contract to conduct drilling at its Nunavik district, Northern Quebec-based Labrador Trough iron properties.

The property is located northwest of the Lac Otelnuk project of Adriana Resources, for which $120 M was paid by Wuhan Iron and Steel for a 60% interest, and Kemag and Labmag projects of New Millennium, that had signed an optional contract with Tata Steel for a $4.9 B development project including the 750 km slurry pipeline construction.

The Quebec government has recently granted the drilling permit and the company has signed a drilling agreement with Discovery Diamond Drilling, which has wide drilling experience under Arctic type of climate. The company conducted winter drilling program at the present Zone properties during 1950 and confirmed that the drilling can be executed throughout the year. Zone is expecting to begin the diamond drilling program in the month of August this year.

The company is scheduling for an aggressive summer exploration campaign to assess significant iron-ore zones at the properties and to additionally explore new targets that are being identified by geophysical surveys.

Source:

http://www.zone-resources.com/

Written by

Joel Scanlon

Joel relocated to Australia in 1995 from the United Kingdom and spent five years working in the mining industry as an exploration geotechnician. His role involved utilizing GIS mapping and CAD software. Upon transitioning to the North Coast of NSW, Australia, Joel embarked on a career as a graphic designer at a well-known consultancy firm. Subsequently, he established a successful web services business catering to companies across the eastern seaboard of Australia. It was during this time that he conceived and launched News-Medical.Net. Joel has been an integral part of AZoNetwork since its inception in 2000. Joel possesses a keen interest in exploring the boundaries of technology, comprehending its potential impact on society, and actively engaging with AI-driven solutions and advancements.

Citations

Please use one of the following formats to cite this article in your essay, paper or report:

APA
Scanlon, Joel. (2019, February 18). Zone Resources Signs Diamond Drilling Contract for Labrador Trough Iron Properties. AZoMining. Retrieved on November 21, 2024 from https://www.azomining.com/News.aspx?newsID=4468.
MLA
Scanlon, Joel. "Zone Resources Signs Diamond Drilling Contract for Labrador Trough Iron Properties". AZoMining. 21 November 2024. <https://www.azomining.com/News.aspx?newsID=4468>.
Chicago
Scanlon, Joel. "Zone Resources Signs Diamond Drilling Contract for Labrador Trough Iron Properties". AZoMining. https://www.azomining.com/News.aspx?newsID=4468. (accessed November 21, 2024).
Harvard
Scanlon, Joel. 2019. Zone Resources Signs Diamond Drilling Contract for Labrador Trough Iron Properties. AZoMining, viewed 21 November 2024, https://www.azomining.com/News.aspx?newsID=4468.