IRON ORE: Drilling cuts iron-titanium-vanadium zones near Chibougamau

QUEBEC – Chibougamau Independent Mines of Rouyn-Noranda, QC, has drilled two holes at its Mont Sorcier property 17 km east of the town of Chibougamau. Both holes intersected large zones of iron, titanium and vanadium mineralization.

The Mont Sorcier North target returned a true width of 155.7 metres that tested 41,99% Fe₂O₃, 1.12% TiO₂, 0.23% V₂O₅ with sulphur values of less than 1% and a true width of 220.8 metres that graded 43.19% Fe₂O₃, 0.96% TiO₂, 0.22% V₂O₅ with sulphur values of less than 2%. This part of the project was previously drilled and has a historical resource of 171.6 million tonnes grading 30.0% Fe and 1.06% TiO₂.

The hole at the Mont Sorcier South target returned 45.5% Fe₂O₃, 0.75% TiO₂, and 0.44 V₂O₅ over a true width of 54 metres, and the sulphur content was negligible.

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