Pacific Iron Ore Corporation announced that inferred resources have nearly doubled to 14.3 million tonnes grading 60 percent recoverable magnetite (Fe3O4) within in the Bugaboo Creek iron deposits located in British Columbia, Canada.
Pacific Iron Ore announced a resource estimate at the Bugaboo Creek deposits, located on the western edge of the Pearson project in British Columbia, Canada. The Inferred resource is estimated at 7.8 million tonnes grading 63% magnetite.
Pacific Iron Ore Corporation announced that it received results of the 2008 airborne geophysical survey prepared by Fugro Airborne Surveys Corp. of Mississauga, Ontario. The survey covered approximately 7,780 line kilometers encompassing the Pearson Project and adjacent claims within the Port Renfrew Block on Vancouver Island, British Columbia. The Fugro report discusses 17 zones of particular significance that have clearly defined geophysical signatures with respect to magnetic highs, magnetite-rich zones and the EM anomalies associated with these zones.
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