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
DevOpsSummit New York 2018, colocated with CloudEXPO | DXWorldEXPO New York 2018 will be held November 11-13, 2018, in New York City. Digital Transformation (DX) is a major focus with the introduction of DXWorldEXPO within the program. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term. A total of 88% of Fortune 500 companies from a generation ago are now out of bus...
For better or worse, DevOps has gone mainstream. All doubt was removed when IBM and HP threw up their respective DevOps microsites. Where are we on the hype cycle? It's hard to say for sure but there's a feeling we're heading for the "Peak of Inflated Expectations." What does this mean for the enterprise? Should they avoid DevOps? Definitely not. Should they be cautious though? Absolutely. The truth is that DevOps and the enterprise are at best strange bedfellows. The movement has its roots in t...
Learn how to solve the problem of keeping files in sync between multiple Docker containers. In his session at 16th Cloud Expo, Aaron Brongersma, Senior Infrastructure Engineer at Modulus, discussed using rsync, GlusterFS, EBS and Bit Torrent Sync. He broke down the tools that are needed to help create a seamless user experience. In the end, can we have an environment where we can easily move Docker containers, servers, and volumes without impacting our applications? He shared his results so yo...
For organizations that have amassed large sums of software complexity, taking a microservices approach is the first step toward DevOps and continuous improvement / development. Integrating system-level analysis with microservices makes it easier to change and add functionality to applications at any time without the increase of risk. Before you start big transformation projects or a cloud migration, make sure these changes won’t take down your entire organization.
The Jevons Paradox suggests that when technological advances increase efficiency of a resource, it results in an overall increase in consumption. Writing on the increased use of coal as a result of technological improvements, 19th-century economist William Stanley Jevons found that these improvements led to the development of new ways to utilize coal. In his session at 19th Cloud Expo, Mark Thiele, Chief Strategy Officer for Apcera, compared the Jevons Paradox to modern-day enterprise IT, examin...
Kubernetes is a new and revolutionary open-sourced system for managing containers across multiple hosts in a cluster. Ansible is a simple IT automation tool for just about any requirement for reproducible environments. In his session at @DevOpsSummit at 18th Cloud Expo, Patrick Galbraith, a principal engineer at HPE, discussed how to build a fully functional Kubernetes cluster on a number of virtual machines or bare-metal hosts. Also included will be a brief demonstration of running a Galera MyS...
IoT solutions exploit operational data generated by Internet-connected smart “things” for the purpose of gaining operational insight and producing “better outcomes” (for example, create new business models, eliminate unscheduled maintenance, etc.). The explosive proliferation of IoT solutions will result in an exponential growth in the volume of IoT data, precipitating significant Information Governance issues: who owns the IoT data, what are the rights/duties of IoT solutions adopters towards t...
Digital transformation has increased the pace of business creating a productivity divide between the technology haves and have nots. Managing financial information on spreadsheets and piecing together insight from numerous disconnected systems is no longer an option. Rapid market changes and aggressive competition are motivating business leaders to reevaluate legacy technology investments in search of modern technologies to achieve greater agility, reduced costs and organizational efficiencies. ...
Amazon started as an online bookseller 20 years ago. Since then, it has evolved into a technology juggernaut that has disrupted multiple markets and industries and touches many aspects of our lives. It is a relentless technology and business model innovator driving disruption throughout numerous ecosystems. Amazon’s AWS revenues alone are approaching $16B a year making it one of the largest IT companies in the world. With dominant offerings in Cloud, IoT, eCommerce, Big Data, AI, Digital Assista...
Organizations planning enterprise data center consolidation and modernization projects are faced with a challenging, costly reality. Requirements to deploy modern, cloud-native applications simultaneously with traditional client/server applications are almost impossible to achieve with hardware-centric enterprise infrastructure. Compute and network infrastructure are fast moving down a software-defined path, but storage has been a laggard. Until now.
The taxi industry never saw Uber coming. Startups are a threat to incumbents like never before, and a major enabler for startups is that they are instantly “cloud ready.” If innovation moves at the pace of IT, then your company is in trouble. Why? Because your data center will not keep up with frenetic pace AWS, Microsoft and Google are rolling out new capabilities. In his session at 20th Cloud Expo, Don Browning, VP of Cloud Architecture at Turner, posited that disruption is inevitable for comp...
When you focus on a journey from up-close, you look at your own technical and cultural history and how you changed it for the benefit of the customer. This was our starting point: too many integration issues, 13 SWP days and very long cycles. It was evident that in this fast-paced industry we could no longer afford this reality. We needed something that would take us beyond reducing the development lifecycles, CI and Agile methodologies. We made a fundamental difference, even changed our culture...
In his session at 20th Cloud Expo, Mike Johnston, an infrastructure engineer at Supergiant.io, discussed how to use Kubernetes to set up a SaaS infrastructure for your business. Mike Johnston is an infrastructure engineer at Supergiant.io with over 12 years of experience designing, deploying, and maintaining server and workstation infrastructure at all scales. He has experience with brick and mortar data centers as well as cloud providers like Digital Ocean, Amazon Web Services, and Rackspace. H...
High-velocity engineering teams are applying not only continuous delivery processes, but also lessons in experimentation from established leaders like Amazon, Netflix, and Facebook. These companies have made experimentation a foundation for their release processes, allowing them to try out major feature releases and redesigns within smaller groups before making them broadly available. In his session at 21st Cloud Expo, Brian Lucas, Senior Staff Engineer at Optimizely, discussed how by using ne...
Without a clear strategy for cost control and an architecture designed with cloud services in mind, costs and operational performance can quickly get out of control. To avoid multiple architectural redesigns requires extensive thought and planning. Boundary (now part of BMC) launched a new public-facing multi-tenant high resolution monitoring service on Amazon AWS two years ago, facing challenges and learning best practices in the early days of the new service.