VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 10/13/11 — Zone Resources Inc. (TSX VENTURE: ZNR)(FRANKFURT: 7ZR) (Zone) is pleased to announce the discovery of a further 6 kilometer zone of magnetite iron formation and the expansion of the Girard Property by the staking of an additional 30 claims. The Girard Property is located in the Labrador Trough of Northern Quebec.
An extensive magnetite zone was discovered by the ground-checking of a magnetic anomaly located at the extreme edge of the recently completed airborne magnetic survey. The new magnetite zone is exposed in a series of steep escarpments over a length of approximately 6 kilometres. Full widths were not exposed, but in the two best developed outcrops, the thickness of the magnetite zone was observed to be in excess of 60 metres.
The Girard Property now encompasses a minimum of eleven discrete magnetic anomalies. The majority have been found to correspond to magnetite iron formations and have an aggregate strike length of over 65 kilometres.
Zone-s Labrador Trough Iron Properties now total 918 claims covering approximately 105,660 acres.
Diamond drilling is continuing on the Moore iron property 60 kilometres northwest of the Girard Property.
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.
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.
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.
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.
Contacts: Zone Resources Inc. Vancouver Office (604) 683-5445 (604) 687-9631 (FAX)
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