IRON ORE: Oceanic moves Hopes Advance to FEED stage

QUEBEC – Montreal-based Oceanic Iron Ore Corp. is moving its Hope Advance project into the front end engineering design (FEED) stage with the choice of Met-Chem Canada. The project is located on Ungava Bay, west of the village of Aupaluk. [caption id="attachment_1003718068" align="alignleft" width="244"] Location map of Oceanic Iron Ore’s projects along Ungava Bay.[/caption] Met-Chem has done other work for Oceanic at Hopes Advance. The company was involved in the preparation of the prefeasibility study and validating the engineering procurement construction proposal prepared by Power China Huadong Engineering earlier this year. Oceanic president and CEO Alan Gorman said in a release, "With the addition of Met-Chem on the owner's side, working in co-operation with Power Construction Corporation of China and SNC-Lavalin, I am satisfied we are assembling a team for the future work that will ensure the project's execution is defined by co-operation, excellence, and innovative approaches to the optimization of the detailed design and delivery of the Hopes Advance project.” Funding has yet to be announced for the FEED work. Visit www.OceanicIronOre.com.