QUEBEC – Tata Steel Minerals Canada, a joint venture of Calgary’s New Millennium Iron Corp. (20%) and India’s Tata Steel (80%), has increased indicated resources at its DSO project by 23.45%. The 2012 drill program consisted of 28 holes for a total of 1,387.3 metres at the Kivivic 1C, Kivivic 2 and Kivivic5 deposits in Area 4.
The iron content of the three deposits varied little. Core from the Kivivic 1C deposit was 59.51% Fe, from the Kivivic 2 deposit was 60.28%, and from the Kivivic 5 deposit was 60.17% Fe.
The Area 4 property is now estimated to contain 26.5 million measured tonnes grading 59.2% Fe, 72.4 million indicated tonnes at 59.2% Fe, and 6.7 million inferred tonnes at 56.7%.
Additional information is posted at TataSteelCanada.com and NMLiron.com.