NORTHERN QUEBEC – QUINTO TECHNOLOGY of Delta, B.C., has filed a NI 43-101-compliant report for its Peppler Lake iron ore project in the Quebec Labrador Trough. The latest inferred resource is 250 million tonnes grading 28.2% Fe, at a cut-off grade of 20% Fe. Only about half the known iron formation is included in the estimate.
The resource estimated is based on information gathered by QUEBEC CARTIER MINING (QCM), which later abandoned exploration at Peppler Lake and several other properties. Quinto carried out a three-week campaign last summer to relocate the drill holes, to carry out an additional ground geophysics program, to complete detailed surface mapping as well as obtaining additional information on the work done by QCM.
Quinto’s next campaign at Peppler Lake will focus on infill drilling to upgrade the category level of the resource estimate and on drilling the remainder of the iron formation. The company is also anticipating carrying out additional work programs at its satellite properties within close proximity to Peppler Lake.
Peppler Lake is one of three iron ore projects belonging to Quinto. Learn more at www.QuintoTechnology.com.