Century Iron Mines Reports Update on Duncan Iron Project

Century Iron Mines Corp. (TSX:FER,TSXV:FER) announced drill results from its Duncan Lake iron ore project.

As quoted in the press release:

As of December 1st, 2011, Century had completed, in addition to the Phase II drilling, 29,651 meters of drilling in 82 NQ sized drill holes. Century is continuing to drill within the Phase III program. In 2012, Century Iron intends to update the Property’s National Instrument 43-101 (“NI 43-101″) compliant resource estimate and after which it will prepare a Preliminary Economic Assessment (“PEA”).

Century Iron Mines’ President and CEO, Sandy Chim said:

We are very encouraged by the Phase II interim drilling results at the Duncan Lake Project and we look forward to receiving assay results for drill holes that that have been recently completed. Once the winter drilling of the interim Phase II program is completed in 2012, we look forward to providing an updated NI 43-101 and a PEA to our shareholders.

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