DGAP-News: Champion Minerals Inc.: Assay Results
(firmenpresse) - DGAP-News: Champion Minerals Inc. / Key word(s): Drilling Result
Champion Minerals Inc.: Assay Results
09.12.2011 / 12:32
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NEWS RELEASE
Assay Results Announced from the 2011 Drilling Program at
Champion Minerals' Attikamagen Project, near the town of Schefferville,
Quebec
Toronto (Canada), December 8, 2011 - CHAMPION MINERALS INC. (TSX: CHM; FSE:
P02) ('Champion' or the 'Company') reports that earlier today Century Iron
Mines Corp. ('Century Iron') announced the second group of assay results
from its 2011 exploration program at Champion's wholly-owned Attikamagen
Project (under option to Century Iron), located in north-eastern Quebec and
western Labrador, near the town of Schefferville, Quebec.
As reported by Century Iron, the 2011 summer drilling program focused on
potential taconite and 'direct shipping ore' ('DSO'(*1)) targets near Hayot
Lake, Quebec and Joyce Lake, in western Labrador, respectively. A total of
10,884 metres of combined diamond and RC drilling was completed during the
2011 drilling program, from April 8 to October 30, 2011. Century Iron
further reported that it is preparing for the next phase of drilling, which
is expected to resume February 2012 on the Joyce Lake
resource.
A table of the assay results received by Century Iron to date from the
Attikamagen Project 2011 summer drilling program can be found in Century
Iron's press release dated December 8, 2011, which is available on their
corporate website at www.centuryiron.com and it will also be posted under
Century Iron's filings at www.sedar.com.
About Champion Minerals Inc.
Champion Minerals is an iron ore exploration and development company with
offices in Montreal and Toronto, and is focused on developing its
significant iron ore resources in the provinces of Quebec and Newfoundland&Labrador. The Company's projects include: the Fermont Holdings in Quebec,
jointly held by Champion (82.5% interest) and Fancamp Exploration Ltd.
(17.5% interest); and the Attikamagen Iron Property in Quebec and Labrador.
Champion's Fermont Holdings, including the flagship Fire Lake North
Project, are located in Canada's major iron ore producing district, in
close proximity to three producing mines. Champion's team and advisory
board includes mining and exploration professionals with substantial iron
ore expertise to effectively advance the Fire Lake North Project into
production.
For further information please contact Thomas G. Larsen, President and CEO,
Jorge Estepa, Vice-President, and Salisha Hosein, Director, Investor
Relations at (416) 866-2200.
Please visit Champion's website at www.championminerals.com
Statements made in this news release that are 'forward-looking statements'
are not historical facts. Readers are cautioned that any such statements
are not guarantees of future performance, and that actual developments or
results may vary materially from those stated herein.
(*1) The DSO term was used by previous operators in the Schefferville
mining district to designate 'oxidized iron ore' with iron grades in excess
of 55%, and is only used here for historical reference and is not intended
to imply that a positive economic study has been completed on the
Attikamagen Property.
End of Corporate News
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