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    New Millennium Iron Completes Perault, Sheps Drilling

    Investing News Network
    Oct. 03, 2012 07:59AM PST
    Base Metals Investing

    New Millennium Iron Corp. (TSX:NML) announced it completed drilling at its Perault Lake and Sheps Lake properties.

    New Millennium Iron Corp. (TSX:NML) announced it completed drilling at its Perault Lake and Sheps Lake properties.

    As quoted in the press release:

    48 holes were drilled in Perault Lake for a total of 3890.8 m. and 22 holes in Sheps Lake for a total of 1918.1 m. The combined total area of both Sheps Lake and Perault Lake is approximately 17.25 km² with an average thickness of 60 m, where the taconite is un-altered giving excellent Davis Tube concentrate (“DTC”) recoveries with very low concentrate silica values (less than 2.00%) and high Fe values (>70.00%). These results highlight the potential for the production of direct reduction (“DR”) grade pellet feed from these properties.

    Click here to read the New Millennium Iron Corp. (TSX:NML) press release.  

    new millennium iron corptsx:nml
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