Iron

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.  

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