Advanced Explorations Inc. Progressing with Feasibility Study

Wednesday, September 07, 2011

TORONTO, ONTARIO- September 7, 2011 - Advanced Explorations Inc. (the "Company" or "AEI") is pleased to announce that work continues in support of the Roche Bay Feasibility Study (“FS”).  In addition to this summer’s resource and geotechnical drill programs the Company has initiated a number of metallurgical studies looking to optimize concentrate process and quality while reducing the associated operating and capital cost.  To date there have been five independent metallurgical studies undertaken (two in Canada, two in Germany and one in China) which support the previously reported results that a high quality concentrate can be produced.  The Company does expect to provide a further update on the C- Zone resource as part of this ongoing work with the intention of expanding the FS resource base.  

A delegation of 9 from XinXing Pipes Group (“XXP”) that includes their technical team from Han-Xing Institute Mining Institute and China Communications Construction Corporation arrived in Canada on September 5th, 2011, to review the technical and financial aspects of the Roche Bay C-Zone project with Wardrop Engineering (A Tetra Tech Company) and AEI.   The technical sessions with Wardrop, Golder Associates and AEI teams will include over 20 professionals.  Part of the group will also travel to Nunavut to visit the Project and to meet with local and territorial government officials.

With the shareholder and TSX approvals complete (July 28, 2011 press release), the Company is also using this opportunity to collaborate on finalizing the formal Joint Venture Agreement and any terms and conditions associated with implementation of the Joint Venture.  Once in place AEI and XXP will be in a position to move forward with the Roche Bay partnership and development.  

 

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