Canadian Mining Journal

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ACQUISITION Consolidated Thompson completes Quinto deal

TORONTO CONSOLIDATED THOMPSON IRON MINES has acquired all the common share, and hence ownership, of QUINTO MINING...


TORONTO CONSOLIDATED THOMPSON IRON MINES has acquired all the common share, and hence ownership, of QUINTO MINING, making it a wholly owned subsidiary. Quinto shareholders hold approximately 13.8% of the outstanding Consolidated Thompson shares.

Consolidated Thompson’s main asset is the Bloom Lake iron ore property approximately 400 km north of Set -Iles, Quebec. The Quinto acquisition gives Thompson control of additional iron ore deposits, significantly increasing both resources and exploration growth potential. The company’s measured and indicated resources now total 940 million t grading 29.3% total iron.

See also www.ConsolidatedThompson.com.


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