Champion Minerals: Drillhole LM11-10 intersects 249.5m grading 22.3% Total Iron including an interval of 130.7m grading 29.1% Total Iron
Friday, 16 September 2011 07:25
Champion Minerals Inc. provided an update of drilling results from the Company’s Moire Lake Project in Cluster 1 of the Fermont Holdings in north-eastern Quebec.
The Moire Lake Project is strategically located adjacent to ArcelorMittal’s operating Mont Wright Mine and Concentrator Complex and 8km south of existing rail transport infrastructure.
Drillhole LM11-09 intersected 358.9 metres grading 30.3% Total Iron on the southeast side of the historic Lac Moire Occurrence, confirming the continuity of the iron-rich Sokoman Formation around the southern fold closure. Drillhole LM11-10, located on the southwest side of the historic Lac Moire Occurrence intersected 249.5m grading 22.3% FeT including an interval of 130.7m grading 29.1% FeT. Results from hole LM11-10 successfully validate a historic intersection of 206.1m grading 24.1% FeT including an interval of 143.3m grading 34.1% FeT reported for drillhole QE61.
