Baffinland Reports High Grade Assays From the First Drill Holes at Deposit No. 5

Baffinland Iron Mines Corporation (TSX:BIM) announced high grade iron assay results from the first holes drilled at Deposit No. 5.

The press release is quoted as saying:

The 2010 drill program consisted of 6,802 metres of diamond drilling in 44 holes focused on widely spaced drilling to define additional resources. The majority of the drilling, 36 holes, were completed at Deposits No. 4 and No. 5, while eight holes tested specific targets at Deposits No. 1, No. 2 and No. 3 on the Company’s Mary River iron ore deposits, Baffin Island, Nunavut Territory, Canada. Deposits No. 4 and No. 5 are located some 25 kilometres north-west from Deposits No. 1, No. 2 and No. 3 and are closer at just 75 kilometres to Milne Inlet.

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