Champion Minerals Drilling at Lac Moire Property Identifies Significant New Iron Mineralization
Friday, 20 May 2011 05:39
CHAMPION MINERALS INC. (TSX: CHM; FSE: P02) announce assayresults from the first five drill holes completed at the Lac Moire Project, one of seventeen properties in the Company’s Fermont Property Holdings in northeastern Quebec.Â
The Lac Moire Project is located 4 km southwest of the town of Fermont (Quebec), adjoining the east property boundary of ArcelorMittal’s Mt. Wright Mine and Concentrator operations. The project hosts the Moire Lake Iron Occurrence (MRNFQ Deposit File 23B14-0014). Explored in the 1950’s and again in the mid 1970’s, the occurrence hosts Historic Mineral Resources1of 101.6 million tonnes grading 30.8% Iron (MRNFQ Assessment File GM13035, 1963).
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A summary of drillhole intersections and assay results is provided here