VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/16/13 -- Zone Resources Inc. (TSX VENTURE: ZNR)(FRANKFURT: 7ZR) (the "Company') reports that due to the potential length of the legal dispute associated with certain claims within the Girard Lake property and previously reported on September 25, 2012, the Company is separating out a portion of its claims. Currently there are 226 claims totaling approximately 26,225 acres that are part of the ongoing legal dispute. The Company considers the allegations in the legal dispute to be without merit and intends to continue to vigorously defend its position. Moving forward, these claims will be referred to as Girard Lake West.
The remaining 315 claims totaling approximately 36,816 acres will be re-named the Lac Edgar claim block. Drill hole ZR11-09, the first and only hole to date on the Lac Edgar claim block, intersected iron formation with an average of 35.64% Fe over 137.00 metres. To view the airborne magnetic map with the plotted locations for drill hole ZR11-09 visit the following link: http://www.zone-resources.com/image/girard_mag_survey.png.
Drill hole ZR11-09 was drilled at -50 degrees along a 9 kilometre long airborne magnetic anomaly. It was collared in magnetite-rich iron formation at the base of casing at 3.00 metres. Iron contents of individual samples ranged up to a maximum 45.06% Fe, with the previously mentioned average of 35.64% Fe over the 137.00 metre intercept. A second, narrower zone of iron formation averaging 29.01% Fe of 10.45 metres was encountered 86 metres below the 137 metre intersection. The dip of the main iron zone in proximity to drill hole ZR11-09 is approximately vertical based on core angles. Drill hole ZR11-09 was collared in iron formation, and therefore did not intersect the full width of the main zone.
The magnetic survey previously flown over the Lac Edgar claim group outlined numerous magnetic anomalies: the aggregate length of all the magnetic anomalies, believed to be caused by magnetite iron formation (with amplitude over 1,000 nT), is approximately 50 kilometres in length and has the potential for Direct Shipping Ore ("DSO")
In addition to the drilling performed by Zone in 2011, as well as the magnetic survey outlining the magnetic anomalies, there are several historic occurrences on the property discovered between 1949 and 1954 by Quebec Labrador Development Company, which have been mapped in considerable detail. Trenching and drilling on the Lac Edgar claim group was carried out, however there were only records of trench sampling and assays available for the McDonald and Ball no. 1 showing. In addition to these two showings there are three other historic showings indicated on the historic map: The Carter showing; the Carter-Steele showing; and the Gagnon no.1 showing. View all of the historic and modern showings on above magnetic survey map (http://www.zone-resources.com/image/girard_mag_survey.png)
GM2160A states that: "A showing known as the McDonald was discovered, having a rust area of over one and one half miles and widths exceeding 500 feet.
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