Champion Minerals announces up to 139 metres of 52.8% total iron from the Attikamagen project

Champion Minerals announce assay results from the Attikamagen Project, which is wholly-owned by Champion and under option to Century Iron Mines Corp. ("Century Iron") and is located in north-eastern Quebec and western Labrador, near the town of Schefferville, Quebec. The 2011 winter drilling program focused on several potential taconite and direct shipping ore ("DSO")(1) targets near Hayot Lake, Quebec and Joyce Lake in western Labrador. Century Iron completed over 2,000 metres of combined diamond and reverse circulation ("RC") drilling and are continuing the current phase of drilling which is expected to be completed by December 2011.

Highlights

  • 2011 RC drilling completed at Joyce Lake encountered a potential DSO target. Drill hole JOY-11-06 intersected 139.0 m grading 52.8% Total Iron ("FeT"), and drill hole JOY-11-07 intersected 91.0 m grading 52.5% FeT, including 42.0 m grading 65.3% FeT.
  • 2011 diamond-drilling at Hayot Lake corroborates results of the Century Iron 2010 drilling, which intersected a taconite iron occurrence. Drill hole HAY-11-10 intersected 108.2 m grading 33.2% FeT. Previously, drill hole HAY-10-06 intersected 92.6 m grading 31.6% FeT.

Read the full news release here.