Century Iron Mines Confirms New Iron Discovery

Century Iron Mines Corporation (TSX:FER) announced a taconite iron discovery on its Rainy Lake property.

As quoted in the press release:

Drill hole RL-11-0401 intersected 318.2 metres of taconite iron mineralization from 5.4 m depth grading 29.5% Total Iron (FeT), drill hole RL-11-0004 intersected 272.4 metres of taconite iron mineralization from 13.0 m depth grading 30.4% FeT, and drill hole RL-11-0402 intersected 264.8 metres of taconite iron mineralization from 10.4 m depth grading 31.0% FeT.

Century’s President and CEO, Sandy Chim said:

We are excited about this new discovery of the Full Moon at the Sunny Lake Project, which has tremendous tonnage potential for a taconite iron deposit. So far, from over 6,000 meters of drilling which gives us a good understanding of the initial 5 sections covering some 7 kilometers of strike. The grades and the geometry are looking very good.

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