Advanced Explorations Inc. (TSXV:AXI,FWB:AE6) announced its exploration program on the Tuktu iron project has identified a second horizon.
As quoted in the press release:
The Company has a portable XRF unit in the field to confirm iron content of the new occurrence. The new discovery is located on a north-south, parallel trending, magnetic anomaly located approximately 400 metres east of the Tuktu 2 zone. Outcrop exposure in the area of the discovery is limited and additional detailed geophysics and mapping is underway to help define strategic drill targets. AEI is currently drilling the northern portion of the Tuktu 2 high grade iron zone which yielded assays as high as 69.3% Fe and intends to include drill testing of the new discovery as well.