Golden Dory Commences Airborne Gravity Gradiometer Survey at Iron Horse Project, Labrador Trough

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[{"type":"text","content":"Golden Dory Commences Airborne Gravity Gradiometer Survey at Iron Horse Project, Labrador Trough(via Thenewswire.ca)\n\n \nGANDER, NEWFOUNDLAND - May 29, 2013 - Golden Dory Resources Corp. (\"Golden Dory\" or the \"Company\") is pleased to announce that it has commenced an airborne gravity gradiometer (AGG) survey over the Iron Horse Project in the eastern portion of the Labrador Trough, approximately 190 kilometres east of Labrador City and 55 kilometres east of the common carrier railway line. Fugro Airborne Surveys will fly approximately 571 line kilometres of FALCON Airborne Gravity Gradiometry and DTM on lines spaced 150 metres apart, using a fixed wing aircraft based out of Schefferville, Quebec. The survey is expected to take approximately one week to complete. \n\n \n \nThe AGG data will be merged with airborne magnetic and electromagnetic data flown in 2007 and will be used to guide future programs, specifically diamond drilling. Importantly, the AGG will help define potential direct shipping ore (DSO) targets that the company believes to underlie portions of the property. The potential for DSO is suggested by the presence of higher grade sub-crop and float that returned in excess of 75% Fe2O3 (approximately 53% Fe) at Anomaly D from sampling completed in late 2011. \n\n \n \nIron Horse represents a new discovery in the Labrador Trough, Canada's premiere iron ore producing district. Diamond drill results from 2012 include a 354.18 metre intercept grading 27.75% Fe, one of the most significant drill intersections in the Trough in recent years. Golden Dory is currently in the process of locating a funding or strategic partner to move the project forward. Several groups have expressed interest in the project and discussions are ongoing. \n\n \n \nGolden Dory would also like to thank the Government of Newfoundland and Labrador for its support of the project through a grant of $150,000 in exploration assistance through the Junior Exploration Assistance program for exploration expenses incurred by the company at the Iron Horse project in 2012.\n\n \n \nThe Company also reported that it has engaged CHF Investor Relations, its investor relations counsel since March 2011, in a new IR contract. Effective immediately, the agreement for customized IR services is runs to March 22, 2015, subject to two months' termination notice. Und...

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