Pacific Iron Ore Corporation (TSX VENTURE:POC) announces a phase 2 diamond drill
program has commenced to follow up and expand results obtained in the 2009
program. The St. Anthony's project has the potential to host gold resources, is
located in Ontario and is comprised of 54 mining claims and 14 leases covering
8,784 hectares. The St. Anthony's Gold Project contains the largest
past-producing gold mine in the Kenora-Patricia Mining District of Ontario. The
original St. Anthony mine is located in the Sturgeon Lake Greenstone Belt and
produced 63,310 oz. gold from 332,720 tons with an average recovered grade of
0.191 ounce gold per ton. A successful 2009 drill program returned both narrow
high grade gold values as well as wider potential bulk tonnage intersections
previously released (May6, 2010). Hole SA-09-07 returned 54.0 meters of 1.73 g/t
Au demonstrating the bulk tonnage potential of this area. Full Force drilling of
Peachland has been contracted to conduct a minimum 3,000 meter NQ2 drill program
consisting of approximately ten drill holes to follow up on 2009 results and
expand the target area. 


Pacific Iron Ore Corporation is dedicated to the development of its iron
deposits, located in the Port Renfrew area of Vancouver Island, British
Columbia, as well as its gold deposits located in the Kenora area of Ontario. 


Quality Control of Reported Results

The St Anthony's Gold project, exploration program is being undertaken pursuant
to the recommendations contained in the independent NI 43-101 report dated June
12, 2009 entitled "Technical Report on the St. Anthony and Best/King Bay
Properties" prepared by Mr. Graeme Evans, P. Geo. of Kamloops, British Columbia.
A copy of the 43-101 Technical Report is available under the Corporations
profile on SEDAR and can be accessed at www.sedar.com.


Mr. Graeme Evans, P. Geo of Kamloops, British Columbia, an independent
geological consultant, is the Qualified Person on the St. Anthony's Project
under the guidelines of NI 43-101. Mr. Evans has reviewed and approved the
technical disclosure contained in this press release relating to that project. 


Company Contacts:

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


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 beliefs 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.
Pacific Iron Ore (TSXV:POC)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Pacific Iron Ore Charts.
Pacific Iron Ore (TSXV:POC)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Pacific Iron Ore Charts.