press2010

Advanced Explorations Engages EBA Engineering to Support Roche Bay Mine Permitting Process

Wed, 15 Dec 2010 09:00:00 EST

TORONTO, ONTARIO--(Marketwire - Dec. 15, 2010) - Advanced Explorations Inc. (the "Company" or "AEI") (TSX VENTURE:AXI)(FRANKFURT:AE6) is pleased to announce that it has retained the services of EBA Engineering Consultants Ltd., a Tetra-Tech Company ("EBA"), to produce the Environmental Impact Statement (EIS) and to support Advance Explorations Inc. through the permitting and engineering processes required to develop its Roche Bay Iron Ore Project located on the coast of the Melville Peninsula in Nunavut, Canada. Click here for more information (PDF)

Advanced Explorations Inc. Closes $5.3 mm Strategic Investment by XinXing Pipes Group

Fri, 10 Dec 2010 09:00:00 EST

TORONTO, ONTARIO--(Marketwire - Dec. 10, 2010) - Advanced Explorations Inc. (the "Company" or "AEI") (TSX VENTURE:AXI)(FRANKFURT:AE6) is pleased to announce the closing of the $5,308,349 private placement in accordance with the Framework Agreement as press released on September 27th, 2010. AEI has issued 21,233,396 common shares at the price of $0.25 per share in the Company's capital stock to Xinxing Huaxin (HK) Co., Limited ("Xinxing-Huaxin"), a holding company jointly owned by XinXing Ductile Iron Pipes Co., Ltd. and China Huaxin International Trade Co. Ltd. Click here for more information (PDF)

Advanced Explorations Provides Notice to Exercise Option on Alaska Iron Sands Project

Mon, 15 Nov 2010 09:00:00 EST

TORONTO, ONTARIO--(Marketwire - Nov. 15, 2010) - Advanced Explorations Inc. (the "Company" or "AEI") (TSX VENTURE:AXI)(FRANKFURT:AE6) is pleased to announce that it has provided notice to Alaskan based 7th Sea Holding Company LLC ("7th Sea") in accordance with the option agreement (the "Agreement") as press released August 18, 2010, that it will exercise its right to earn up to 100% interest in 7th Sea's Alaskan claims (the "Project"). The Agreement and the Company's election remain subject to TSX Venture Exchange approval.Click here for more information (PDF)

Advanced Explorations Closes Initial $2.8 mm Private Placement with Shandong Fulun Steel

Wed, 03 Nov 2010 09:00:00 EST

TORONTO, ONTARIO--(Marketwire - Nov. 3, 2010) - Advanced Explorations Inc. (the "Company" or "AEI")(TSX VENTURE:AXI)(FRANKFURT:AE6) is pleased to announce the closing of the $2,800,000 private placement with Shandong Fulun Steel Co., Ltd. ("Fulun Steel") as press released on September 30, 2010. This private placement is part of a broader cooperation commitment. AEI is in receipt of $2,800,000 and has issued 7,000,000 Units at $0.40 per Unit in the capital stock of AEI to Fulun Steel. Click here for more information (PDF)

Advanced Explorations Provides Notice to Warrant Holders

Fri, 29 Oct 2010 09:00:00 EST

TORONTO, ONTARIO--(Marketwire - Oct. 29, 2010) - Advanced Explorations Inc. (the "Company" or "AEI") (TSX VENTURE:AXI)(FRANKFURT:AE6) announces that pursuant to the Company's private placement announced on April 29th, 2010 and closed 9,199,545 units on May 19th, 2010 the Warrants issued were subject to an acceleration provision and will expire within 30 days from the date of this release. Click here for more information (PDF)

Advanced Explorations Moves to Close Strategic Partnership

Wed, 27 Oct 2010 09:00:00 EST

TORONTO, ONTARIO--(Marketwire - Oct. 27, 2010) - Advanced Explorations Inc. (the "Company" or "AEI") (TSX VENTURE:AXI)(FRANKFURT:AE6) is very pleased to announce that the initial private placement and acquisition of 19% of the Company's issued and outstanding stock by XinXing Pipes Group Co. Ltd. ("XXP") and its affiliates has been fully subscribed.As previously announced on September 27, 2010, the Company has reserved 21,233,396 common shares at a price of $0.25 and representing aggregate proceeds of $5,308,349.00 for closing of the financing once final TSX Venture Exchange approval is received. Click here for more information (PDF)

Advanced Explorations Corporate Update

Mon, 25 Oct 2010 09:00:00 EST

TORONTO, ONTARIO--(Marketwire - Oct. 25, 2010) - Advanced Explorations Inc. (the "Company" or "AEI") (TSX VENTURE:AXI)(FRANKFURT:AE6) is very pleased to announce that it expects in the near future to close the financings with both XinXing Pipes Group Co., Ltd. ("XXP") and Shandong Fulun Steel Co. Ltd.("Fulun") announced September 27th and September 30th. Upon completion of the two associated financings the Company will then move quickly to leverage its relationship with XXP to acquire additional high quality iron ore assets. The Company also plans to work closely with Fulun to help meet their growth objectives. Click here for more information (PDF)

Advanced Explorations Inc. Announces Appointment of New Officer

Thu, 14 Oct 2010 09:00:00 EST

TORONTO, ONTARIO, October 14, 2010 - Advanced Explorations Inc. (the "Company" or "AEI") (TSX VENTURE:AXI) (FRANKFURT:AE6) is very pleased to announce that Bernie Swarbrick has joined the AEI team as Vice President, Capital Projects & Studies. The Company believes that Mr. Swarbrick’s recognized experience and achievements in the mining industry will provide great benefits to executing our development plans. This position was created in order to provide a seamless transition from an AEI specific plan to a collaborative growth strategy to implement the previously announced (September 27, 2010) partnership agenda with XinXing Pipes Group Co. Ltd., (“XXP”).Click here for more information (PDF)

Advanced Explorations Inc. Expands its Development Options through Agreement with Shandong Fulun Steel Company

Thu, 30 Sep 2010 09:00:00 EST

TORONTO, ONTARIO--(Marketwire - Sept. 30, 2010) - Advanced Explorations Inc. (the "Company" or "AEI") (TSX VENTURE:AXI)(FRANKFURT:AE6) is pleased to announce that it has entered into an agreement (the "Agreement") with Shandong Fulun Steel Company ("Fulun Steel"). The Agreement sets out initial terms for a private placement of $2.8 million and a framework for mutual cooperation in the potential development of AEI's other iron projects not pursued by its strategic partner, XinXing Pipes Group Ltd. ("XXP").Fulun Steel has agreed to subscribe for 7,000,000 Units issued by AEI at a price of $0.40 per Unit. Each Unit will consist of one (1) common share and one (1) non-transferable common share purchase warrant exercisable within four months from the closing date of the Offering. Fulun Steel shall be entitled to convert each whole warrant to one (1) common share of the Company at the exercise price of $0.55 per common share. Conditional on the exercise of all warrants by Fulun Steel it will earn the right to 19% of the off-take on iron products.Click here for more information (PDF)

Advanced Explorations and XinXing Pipes Group execute formal agreement to develop Roche Bay Project

Mon, 27 Sep 2010 09:00:00 EST

TORONTO, ONTARIO-Sept. 27th, 2010 - Advanced Explorations Inc. (the "Company" or "AEI") (TSX VENTURE:AXI)(FRANKFURT:AE6) is pleased to announce that it has completed and executed an agreement (the “Agreement”) with XinXing Pipes Group Co., Ltd. (“XXP”) to form a partnership for the development of the Company’s Roche Bay iron ore project. AEI signed the Agreement with XXP’s subsidiary, Xinxing Ductile Iron Pipes Co., Ltd. (“XDIP”) and its affiliate China Huaxin International Trade Co., Ltd. (“HIT”). XDIP and HIT have jointly agreed to acquire 19% of AEI’s issued and outstanding stock at a price of $0.25 per share and valued at approximately $5,300,000 (equals 21,233,396 common shares to be issued). The Agreement also sets out principles for further direct investment into AEI or the establishment of a joint venture in order to complete a definitive feasibility study (“DFS”) for AEI’s Roche Bay Project. Click here for more information (PDF)

Advanced Explorations Stakes 22,000 Highly Prospective Acres on Melville Peninsula for Precious and Base Metal Exploration

Tue, 21 Sep 2010 09:00:00 EST

TORONTO, ONTARIO--(Marketwire - Sept. 21, 2010) - Advanced Explorations Inc. (the "Company" or "AEI") (TSX VENTURE:AXI)(FRANKFURT:AE6) is pleased to announce the Company has recently staked a number of key precious and base metal prospects on the Melville Peninsula, Nunavut, Canada. The focus of the recent field program was to assess previous work and acquire the high potential targets. Fourteen claims totaling over 22,000 acres were staked for gold, silver, copper, molybdenum and iron ore (Fe results previously released September 14th, 2010).These targets were last worked over 30 years ago and the full exploration potential has been overlooked especially in light of current commodity prices. Click here for more information (PDF)

Advanced Explorations Announces Two New Iron Ore Discoveries

Tue, 14 Sep 2010 09:00:00 EST

TORONTO, ONTARIO--(Marketwire - Sept. 14, 2010) - Advanced Explorations Inc. (the "Company" or "AEI") (TSX VENTURE:AXI)(FRANKFURT:AE6) is pleased to announce encouraging iron results on two of its recent property acquisitions as press released on August 23rd, 2010.Banded iron formation ("BIF") exposed approximately 25 km southwest of the Roche Bay C-Zone returned a spot analysis of 61.3% Fe2O3 (42.9% Fe) with no significant deleterious elements present (S < 0.01%).On claims located 40 km to the west of Tuktu (last year's discovery) spot sampling of a massive magnetite rich zone averaged 52.6% Fe2O3 (36.8% Fe). The Company has now delineated BIF extending over 100 kilometres of strike on the eastern coast of the Melville Peninsula in Nunavut, Canada. Click here for more information (PDF)

Advanced Explorations Inc. to Conclude Deal with China’s XinXing Pipes Group

Tue, 31 Aug 2010 09:00:00 EST

TORONTO, ONTARIO--(Marketwire - Aug. 31, 2010) - Advanced Explorations Inc. (the "Company" or "AEI") (TSX VENTURE:AXI)(FRANKFURT:AE6) is pleased to announce that XinXing Pipes Group Co., Ltd. ("XXP") has completed its initial review and site visit of the Roche Bay project and based on their positive assessment have committed to finalizing negotiations to a formal agreement by October 15, 2010.Subsequent discussions with XXP's led to a number of changes to the original July 19th Memorandum of Understanding (the "Agreement") in order to facilitate the implementation of a strategic investment and alignment with other potential complimentary investors.Click here for more information (PDF)

Advanced Explorations Inc. Acquires Additional Targets

Mon, 23 Aug 2010 09:00:00 EST

TORONTO, ONTARIO--(Marketwire - Aug. 23, 2010) - Advanced Explorations Inc. (the "Company" or "AEI") (TSX VENTURE:AXI)(FRANKFURT:AE6) is pleased to provide an update on the Company's recent field programs, the Alaska Iron Sands project and the due diligence process of China XinXing Pipes Group. Click here for more information (PDF)

Advanced Explorations Enters Into Option Agreement To Acquire Alaskan Iron Sands Project

Wed, 18 Aug 2010 09:00:00 EST

TORONTO, ONTARIO--(Marketwire - Aug. 18, 2010) - Advanced Explorations Inc. (the "Company" or "AEI") (TSX VENTURE:AXI)(FRANKFURT:AE6) is pleased to announce that it has entered into an option agreement with Alaskan based 7th Sea Holdings Company ("7th Sea") to either purchase for cash, shares or a combination of both, or earn up to 100% interest in 7th Sea's wholly owned Alaskan claims (the "Agreement") and 25 kilometre area of interest. Click here for more information (PDF)

Advanced Explorations Concludes Memorandum of Understanding with China Xinxing Pipes Group Co. Ltd.

Mon, 19 Jul 2010 09:00:00 EST

TORONTO, ONTARIO--(Marketwire - July 19, 2010) - Advanced Explorations Inc. (the "Company" or "AEI") (TSX VENTURE:AXI)(FRANKFURT:AE6) is pleased to announce that it has concluded a memorandum of understanding ("MOU") with China based Xinxing Pipes Group Co. Ltd. ("XXP"). The Parties have agreed to general terms and conditions of a proposed strategic partnership and investment that will allow XXP to acquire a significant interest in AEI and/or the Roche Bay and Tuktu projects.Click here for more information (PDF)

Advanced Explorations Inc. Identifies Additional Mineral Opportunities

Thu, 17 Jun 2010 09:00:00 EST

TORONTO, ONTARIO--(Marketwire - June 17, 2010) - Advanced Explorations Inc. (the "Company" or "AEI") (TSX VENTURE:AXI)(FRANKFURT:AE6) is pleased to announce a program will be implemented on the Melville Peninsula to examine Precious Metal (PM) and other mineral potential within and local to its current properties in Nunavut.Regional surveying and mapping by the Geological Survey of Canada last year has highlighted several targets in the area. Three sections along the banded iron formation have been identified that have a similar setting to the Nunavut, Meadowbank gold deposit. Of particular interest is a "native silver and copper" showing reported by the GSC* that returned 1950 ppm/Ag (62.7 opt Ag) and 0.37% Cu, which is located within an AEI property. Click here for more information (PDF)

Advanced Explorations Inc. Closes First Tranche of Private Placement for $2,023,900

Wed, 19 May 2010 09:00:00 EST

TORONTO, ONTARIO--(Marketwire - May 19, 2010) - Advanced Explorations Inc. (the "Company" or "AEI") (TSX VENTURE:AXI)(FRANKFURT:AE6) is pleased to announce the closing of the first tranche of the private placement previously press released on April 29, 2010. A total of 9,199,545 units (the "Units") at a price of $0.22 per Unit were sold for gross proceeds of $2,023,900. Click here for more information (PDF)

Advanced Explorations Inc. Announces Expanded Program

Tue, 11 May 2010 09:00:00 EST

TORONTO, ONTARIO--(Marketwire - May 11, 2010) - Advanced Explorations Inc. (the "Company" or "AEI") (TSX VENTURE:AXI)(FRANKFURT:AE6) is pleased to announce an expanded 2010 field program for its Roche Bay and Tuktu iron ore assets located on the coast of the Melville Peninsula in Nunavut. With the positive metallurgical results previously released the Company has initiated a study to optimize the Capital and Operating cost in respect to both iron nugget and concentrate production from the Roche Bay C Zone. Click here for more information (PDF)

Advanced Explorations Inc. Announces up to $3,740,000 Private Placement

Thu, 29 Apr 2010 09:00:00 EST

TORONTO, ONTARIO--(Marketwire - April 29, 2010) - Advanced Explorations Inc. (the "Company" or "AEI") (TSX VENTURE:AXI)(FRANKFURT:AE6) is pleased to announce a non-brokered private placement of up to 17,000,000 units (the "Units") at a price of $0.22 per Unit for aggregate gross proceeds of up to $3,740,000 (the "Offering").Click here for more information (PDF)

Advanced Explorations Inc. Metallurgical Results Enhance Development Options.

Mon, 26 Apr 2010 09:00:00 EST

TORONTO, ONTARIO--(Marketwire - April 26, 2010) - Advanced Explorations Inc. (the "Company" or "AEI") (TSX VENTURE:AXI)(FRANKFURT:AE6) is pleased to report an update on the metallurgical work performed on the drill core composite samples of its Roche Bay Project located on the coast of the Melville Peninsula, Nunavut. Results received from COREM, of Québec, Canada, indicate that the Roche Bay Project can deliver a high quality iron product (concentrate/pellet feed of >67% Fe, <4.5% SiO2, <0.03% TiO2, <0.02% P and <0.04% S) alongside its proposed nugget operation. Click Here for More Information(pdf)

Advanced Explorations' Corporate Update

Fri, 23 Apr 2010 09:00:00 EST

TORONTO, ONTARIO--(Marketwire - April 23, 2010) -Advanced Explorations Inc. (the "Company" or "AEI") (TSX VENTURE:AXI)(FRANKFURT:AE6) is pleased to announce that it plans to commence its summer field program in late May.The primary focus of the program will be to advance the Roche Bay project. Work is also planned for the Tuktu Deposit but the scope and scale will be finalized once the final metallurgical report is received.Click here for more information (PDF)

Advanced Explorations’ Additional Metallurgical Work Confirms PEA C-Zone Findings

Wed, 10 Mar 2010 09:00:00 EST

TORONTO, ONTARIO--(Marketwire - March 10, 2010) - Advanced Explorations Inc. (the "Company" or "AEI") (TSX VENTURE:AXI)(FRANKFURT:AE6) is pleased to announce that metallurgical work undertaken by COREM on the C Zone core samples of AEI's Roche Bay Magnetite Project located on the coast of the Melville Peninsula in Nunavut, Canada, has verified the previous work performed by SGS Lakefield Research. The additional metallurgical work was carried out as part of the Definitive Feasibility work requirements.Click here for more information (PDF)

Advanced Explorations Engages Investor Relations Group

Fri, 15 Jan 2010 09:00:00 EST

TORONTO, ONTARIO--(Marketwire - Jan. 15, 2010) - Advanced Explorations Inc. (the "Company" or "AEI") (TSX VENTURE:AXI)(FRANKFURT:AE6) wishes to announce the appointment of The Buick Group Corp. (the "Buick Group") to provide investor relations and shareholder communications services.Click here for more information (PDF)

Robert Collette Joins Advanced Explorations’ Board

Thu, 14 Jan 2010 09:00:00 EST

TORONTO, ONTARIO--(Marketwire - Jan. 14, 2010) - Advanced Explorations Inc. (the "Company" or "AEI") (TSX VENTURE:AXI)(FRANKFURT:AE6) is pleased to announce the appointment of Mr. Robert Collette to its board of directors. Mr. Collette is a well-known and reputable Canadian public servant with a distinguished 37 year career with the Department of Foreign Affairs and International Trade Canada (DFAIT), as well as, other federal public service sectors. Click Here for More Information (pdf)