Century Iron Mines (TSE:FER) and Augyva Mining Resources (CVE:AUV) Monday announced the final report from Phase II drilling at the Duncan Lake iron ore project in Quebec, Canada.
In total, 176 holes were drilled for 54,306 metres at Duncan Lake.
the highlights in the most recent assays, drill hole DUN 11-237B
intersected 24.64% total Iron (FeT) over 142.9 metres and drill hole DUN
11- 352 intersected 25.55% FeT over 321.25 metres, Century Iron Mines said.
"We are pleased to release the final drill holes in our Phase II drilling program," Century Iron Mines' president & CEO Sandy Chim said.
NI 43-101 report updating mineral resource estimate is currently in
process by Met-Chem Canada and expected to be completed in the third
quarter of 2012. A Preliminary Economic Assessment (PEA) will follow
immediately and is targeted to be completed by the end of the year."
Mines is Canada's largest holder of iron ore land claims, with
interests in several properties in the Provinces of Quebec and
Newfoundland and Labrador.
Its mission is to enhance shareholder
value through the development of iron ore projects in Canada and to
become a major Canadian iron ore producer.
Further details can be found at: http://www.centuryiron.com