Zone Resources Inc. (TSXV:ZNR,FWB:7ZR) has signed a drill contract for its Labrador Trough iron properties in the Nunivik region of northern Quebec.
As quoted in the press release:
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.