Century Iron Notifies Augyva Of Increased Interest

Century Iron Mines Corporation (TSX:FER) announced it has notified Augyva Mining Resources Inc. it has increased its interest from a 51% interest to a 65% interest in the Duncan Lake iron project.

As quoted in the press release:

The Duncan Lake Project in which the Company has a 51% interest (and has notified Augyva Mining Resources Inc. (TSX VENTURE:AUV) that it has completed its final $14 million in expenditures to increase its interest from to a 65% interest) in the Duncan Lake Iron Project under an option and joint venture agreement with Augyva. Century has entered into a Joint Venture Agreement with Wisco pursuant to which Wisco has a 40% joint venture interest in Century’s interest in the Duncan Lake Project.

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