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    Century Iron Announces Mineral Resources For Rainy Lake Iron Deposit

    Investing News Network
    Oct. 22, 2012 12:07PM PST
    Base Metals Investing

    Century Iron Mines Corporation (TSX:FER) announced its first mineral resource statement for its Rainy Lake iron deposit in Quebec on the Sunny Lake project.

    Century Iron Mines Corporation (TSX:FER) announced its first mineral resource statement for its Rainy Lake iron deposit in Quebec on the Sunny Lake project.

    As quoted in the press release:

    The Full Moon iron deposit is estimated to contain an Indicated Mineral Resource of 7.26 billion tonnes grading at an average of 30.18% total iron and an Inferred Mineral Resource of 8.69 billion tonnes grading an average of 29.86% Total Iron at a cut-off grade of 20% total iron. The first Mineral Resource statement has been prepared by SRK Consulting (Canada) Inc. (SRK) in accordance with Canadian Securities Administrators’ National Instrument 43-101 “Standards of Disclosure for Mineral Projects” (“NI”43-101″). The Full Moon Iron deposit is located approximately 85 kilometres north of Schefferville.

    Click here to read the Century Iron Mines Corporation (TSX:FER) press release.  

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