Canadian Mining Journal

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IRON ORE RESOURCES: DSO estimate tops 56M tonnes, M & I

shipping ore (DSO) project near Schefferville contains 56.0 million tonnes of measured and indicated material gradi...


shipping ore (DSO) project near Schefferville contains 56.0 million tonnes of measured and indicated material grading 58.97% Fe, 7.68 SiO2 and 0.45% Mn. The inferred material totals 5.8 million tonnes grading 55.76% Fe, 9.23% SiO2 and 0.93% Mn.

 

New Millennium drilled 140 holes, or 7,835 metres, in several deposits. The deposit having the largest measured resources, at 22.4 million tonnes, was Goodwood in Area 4.

 

New Millennium has two other iron ore projects in the pipeline, LabMag and KeMag. They contain proven and probable reserves of 3.5 billion tonnes and 2.1 billion tonnes, respectively.

 

A map of the three projects and detailed information is available at www.NMLResources.com.


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