Welcome!

News Feed Item

Pacific Iron Ore Corporation Announces Drilling Results at St. Anthony Site, Intersects up to 15.58 g/t over 1.0 Metre and Change of Directors

CALGARY, ALBERTA -- (Marketwired) -- 01/22/14 -- Pacific Iron Ore Corporation (TSX VENTURE:POC) is pleased to announce the results of recent drilling completed on their Best/Kings Bay and St. Anthony properties in Northwestern Ontario. A total of seven drill holes were completed this past fall, totaling 942 metres.

Five holes were drilled on the St. Anthony Property approximately 500 metres south of the historic Dawson-White shaft, to test the extent of the veining in the area. Each hole drilled tested the mafic volcanic-granodiorite contact, and contained several porphyry and vein intervals, with varying intensities of shearing present across all lithologies. Visible Gold was encountered in three of the five holes with values up to 27.7 g/t over 0.5 meters.

Two holes were also drilled on the Best/Kings Bay Property to test several SP (Self-Polarization) geophysical anomalies. Interstitial pyrrhotite scattered throughout hole AB-01 accounts for the SP anomalies in that area, however, the anomalies that hole AB-02 was designed to test remain unexplained.

Table 1 - Significant Drilling Results


---------------------------------------------------------------------------
                                                              Length       
Hole No. Area                   Description From (m) To (m)   (m)(i) Au g/t
---------------------------------------------------------------------------
DW-01    Dawson-White   Mafic volcanic with                                
                           quartz stringers       10   10.7      0.7  1.195
---------------------------------------------------------------------------
DW-02    Dawson-White   Patchy white quartz                                
                             veins in mafic                                
                                   volcanic    12.45     13     0.55  0.702
                      Thin quartz vein with                                
                               visible gold   127.65 127.95      0.3  11.05
                        Thin quartz vein in                                
                               granodiorite    152.7    153      0.3   2.88
---------------------------------------------------------------------------
DW-04    Dawson-White   Opaque white quartz                                
                     vein in mafic volcanic     60.5   61.5     1.55   0.86
                                  Including     60.5   61.5        1  1.115
                      Opaque quartz vein in                                
                        silicified porphyry     65.8   66.8        1  15.58
                                  Including     65.8   66.3      0.5   27.7
                                        And     66.3   66.8      0.5   3.46
                         Quartz flooding in                                
                               granodiorite    75.45   75.8     0.35   1.02
---------------------------------------------------------------------------
DW-05    Dawson-White Translucent vein with                                
                               visible gold     65.3   65.7      0.4  11.05
                       Several quartz veins                                
                           in sheared mafic                                
                                   volcanic     70.9   73.3      2.4   7.33
                                  Including    71.25     72     0.75   3.26
                                        And       72   72.4      0.4  17.25
                                        And     72.4     73      0.6    2.6
                                        And       73   73.3      0.3   21.8
---------------------------------------------------------------------------

(i)Length refers to drilled length; true widths have not been determined.

Pacific Iron Ore's 8,816 hectare (51 mining claims) St. Anthony property includes the St. Anthony mine - historically the largest gold producing mine in Ontario's Kenora - Patricia Mining Division. The St. Anthony claim group is located along the eastern shore of the north arm of Sturgeon Lake within the Sturgeon Lake Greenstone Belt. The Best/Kings Bay Property is comprised of 752 hectares (3 mining claims and 14 leases) and is contiguous to the St. Anthony Property.

QA/QC Procedures

The rock samples were provided to ALS Chemex, an ISO 9001 and ISO 17025 accredited facility located in Thunder Bay, Ontario, for analysis and processing. The samples taken were analyzed for 51 elements by aqua regia digestion with induction coupled plasma mass spectroscopy (ICP-AES), and for gold by Trace Level fire assay on a 30 g sample with induction coupled plasma mass spectroscopy (ICP-AES) finish. Samples over the detection limit were re-assayed using a gravimetric finish, and samples containing visible gold were sent for pulp metallic analysis, screened to 100 microns with a gravimetric finish. An independent QA-QC protocol was used on the program consisting of a combination of blanks and standards.

Change of Directors

Pacific Iron Ore Corporation is pleased to announce that Mr. Alexander S. Harvey has been elected to the board of directors effective November 13, 2013. Mr. Harvey is an Edmonton businessman and the President of The ASH Corporation. Mr. Harvey serving as a director remains subject to TSXV approval.

The Company also announces the retirement of Mr. Todd Montgomery and Mr. Brent Walter from the board of Directors. Mr. Montgomery has left the board to pursue other business commitments but remains a significant shareholder and supporter of the company. Mr. Walter has also retired from the board to focus on his law practice but remains a significant shareholder and will remain the Corporation's solicitor.

The Board of Pacific Iron Ore Corporation wishes to thank Mr. Montgomery and Mr. Walter for their contributions and expertize to the board since the company became a public entity and wishes both of them every success in the future.

Company Contacts

For further information please refer to the Corporations profile on SEDAR which can be accessed at www.sedar.com, visit our website at www.pacificironorecorp.com.

Neil Pettigrew, M.Sc., P.Geo., Vice President of Fladgate Exploration Consulting Corporation, a Qualified Person as defined by NI 43-101, has reviewed and approved the technical information in this press release.

Forward Looking Statements:

The TSX.V Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This release includes certain statements that may be deemed "forward looking statements". All statements in this release, other than statements of historical facts that address future production, reserves potential, exploration drilling, exploration activities and events or developments that the Corporation expects are forward looking statements. Although the Corporation believes the expectations expressed in such forward looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward looking statements. Factors that could cause results to differ materially from those in the forward looking statements include, but are not limited to: market prices; exploitation and exploration successes; continued availability of capital, financing and personnel; government regulation and laws; the Corporations relationship with First Nations; environmental developments; and general economic, market or business conditions. Investors are cautioned that such statements are not guarantees of future performance and those actual results or developments may differ materially from those projected in the forward looking statements. For more information on Pacific Iron Ore Corporation, Investors should review the Corporation's registered filings which are available at www.sedar.com.

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 his release.

Contacts:
Pacific Iron Ore Corporation
R. A. N. Bonnycastle
Chairman
(403) 268-6795
(403) 265-2887 (FAX)
www.pacificironorecorp.com

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
SYS-CON Events announced today that Grape Up will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct. 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Grape Up is a software company specializing in cloud native application development and professional services related to Cloud Foundry PaaS. With five expert teams that operate in various sectors of the market across the U.S. and Europe, Grape Up works with a variety of customers from emergi...
The age of Digital Disruption is evolving into the next era – Digital Cohesion, an age in which applications securely self-assemble and deliver predictive services that continuously adapt to user behavior. Information from devices, sensors and applications around us will drive services seamlessly across mobile and fixed devices/infrastructure. This evolution is happening now in software defined services and secure networking. Four key drivers – Performance, Economics, Interoperability and Trust ...
@ThingsExpo has been named the Most Influential ‘Smart Cities - IIoT' Account and @BigDataExpo has been named fourteenth by Right Relevance (RR), which provides curated information and intelligence on approximately 50,000 topics. In addition, Right Relevance provides an Insights offering that combines the above Topics and Influencers information with real time conversations to provide actionable intelligence with visualizations to enable decision making. The Insights service is applicable to eve...
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm.
Building a cross-cloud operational model can be a daunting task. Per-cloud silos are not the answer, but neither is a fully generic abstraction plane that strips out capabilities unique to a particular provider. In his session at 20th Cloud Expo, Chris Wolf, VP & Chief Technology Officer, Global Field & Industry at VMware, will discuss how successful organizations approach cloud operations and management, with insights into where operations should be centralized and when it’s best to decentraliz...
Cybersecurity is a critical component of software development in many industries including medical devices. However, code is not always written to be robust or secure from the unknown or the unexpected. This gap can make medical devices susceptible to cybersecurity attacks ranging from compromised personal health information to life-sustaining treatment. In his session at @ThingsExpo, Clark Fortney, Software Engineer at Battelle, will discuss how programming oversight using key methods can incre...
The goal of Continuous Testing is to shift testing left to find defects earlier and release software faster. This can be achieved by integrating a set of open source functional and performance testing tools in the early stages of your software delivery lifecycle. There is one process that binds all application delivery stages together into one well-orchestrated machine: Continuous Testing. Continuous Testing is the conveyor belt between the Software Factory and production stages. Artifacts are ...
In recent years, containers have taken the world by storm. Companies of all sizes and industries have realized the massive benefits of containers, such as unprecedented mobility, higher hardware utilization, and increased flexibility and agility; however, many containers today are non-persistent. Containers without persistence miss out on many benefits, and in many cases simply pass the responsibility of persistence onto other infrastructure, adding additional complexity.
Quickly find the root cause of complex database problems slowing down your applications. Up to 88% of all application performance issues are related to the database. DPA’s unique response time analysis shows you exactly what needs fixing - in four clicks or less. Optimize performance anywhere. Database Performance Analyzer monitors on-premises, on VMware®, and in the Cloud, including Amazon® AWS and Azure™ virtual machines.
Most technology leaders, contemporary and from the hardware era, are reshaping their businesses to do software in the hope of capturing value in IoT. Although IoT is relatively new in the market, it has already gone through many promotional terms such as IoE, IoX, SDX, Edge/Fog, Mist Compute, etc. Ultimately, irrespective of the name, it is about deriving value from independent software assets participating in an ecosystem as one comprehensive solution.
SYS-CON Events announced today that Progress, a global leader in application development, has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Enterprises today are rapidly adopting the cloud, while continuing to retain business-critical/sensitive data inside the firewall. This is creating two separate data silos – one inside the firewall and the other outside the firewall. Cloud ISVs oft...
Developers want to create better apps faster. Static clouds are giving way to scalable systems, with dynamic resource allocation and application monitoring. You won't hear that chant from users on any picket line, but helping developers to create better apps faster is the mission of Lee Atchison, principal cloud architect and advocate at New Relic Inc., based in San Francisco. His singular job is to understand and drive the industry in the areas of cloud architecture, microservices, scalability ...
SYS-CON Events announced today that CA Technologies has been named "Platinum Sponsor" of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, New York, and 21st International Cloud Expo, which will take place in November in Silicon Valley, California.
The 20th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held June 6-8, 2017, at the Javits Center in New York City, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Containers, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportunity. Submit your speaking proposal ...
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm. In his Day 3 Keynote at 20th Cloud Expo, Chris Brown, a Solutions Marketing Manager at Nutanix, will explore t...