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Northern Iron Corp. (TSXV:NFE,OTCQX:NHRIF,FWB:N8I) announced the continuation of its drill program on its Karas property.
Northern Iron Corp. (TSXV:NFE,OTCQX:NHRIF,FWB:N8I) announced the continuation of its drill program on its Karas property.
As quoted in the press release:
The 2012 drill program will begin on January 11th with 2 drill rigs in place. During the latter part of 2011, Northern Iron completed 26 holes on the Karas property; results have been released on 18 of the drill holes to date. It has been necessary to extend the drill program into 2012, as the management team has taken a decision to drill additional holes between 600 and 700 metres in length to determine the true thickness and down dip extension of the magnetite mineralized area on the Karas property.
Northern Iron’s President and CEO, Basil Botha said:
The benefits of working in the Red Lake area give us the ability to operate all year round when most other fly-in drill programs have been shut down due to logistics. We have only shut down for 3 weeks over the holiday period to give our crews a much needed break. Most of the other Canadian iron ore projects shut down their drill programs at the onset of winter and only commence their programs when the warmer weather returns.
Click here to read the full Northern Iron Corp. (TSXV:NFE) press release.