ADV's Kami Property

PETER CAMPBELL, Jennings Capital Inc. (07/28/2010)
"On June 2, 2010, Alderon commenced a 20,000m drill program at its Kami iron ore project in the Labrador City area. The $5M drill program is aiming to delineate 400–500 million tons of iron ore over the next five months. Kami is located in very close proximity to Consolidated Thompson's Bloom Lake Mine, Wabush's Scully Mine and IOC's Carol Lake Mine.

The Kami Property currently contains three zones of iron ore: Rose Lake, Mart Lake and Mills Lake. Based on drilling to date, the Rose and Mills zones may contain approximately 200M–250M tons grading 28%–35% Fe. These grades are analogous to those at Consolidated Thompson's Bloom Lake Deposit. The project is ideally situated with excellent access to manpower, services, roads, rail and power."

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