QUEBEC - Toronto-based Century Iron Mines reports intersecting 45 metres of 62.67% total Fe at the Lac Le Fer iron prospect, part of its Sunny Lake project near Schefferville. The drill hole ended in mineralization at 54 metres.
The company drilled a single hole into Prospect 3, a direct shipping target, based on a gravity anomaly 1,200 metres long and 400 metres wide. The Lac La Fer prospect was explored in 1951 by Iron Ore Co. of Canada whose geologist wrote an optimistic report.
Century Iron will resume drilling in May 2012 using a reverse circulation rig. In the meantime, visit CenturyIron.com.