New Mineralized Extension at LIM’s Houston Deposits Increases Houston Resource

Labrador Iron Mines Holdings Limited(TSX:LIM) reported a new resource estimate for its 100% owned Houston deposits located in western Labrador following the 2010 exploration drilling program.

The press release states:

The new estimate…represents an increase in tonnage of over 25% from the previous NI 43-101 estimate announced in April 2010 and more than double the historical resource (not NI 43- 101 compliant) previously estimated by the Iron Ore Company of Canada (IOC) prior to 1982. The new resource also includes about one million tonnes of manganiferous ore (Mn) grading about 54.4% Fe and 5% manganese.

To read the full press release, click here.