Saturday 22nd October 2016

Resource Clips

Champion reports Quebec Results up to 33.7% Iron over 545.7m

Resource Clips - essential news on junior gold mining and junior silver miningChampion Minerals Inc TSX:CHM announced assays from its Oil Can Project in the Fermont Iron Ore District of Quebec. Results include

33.7% iron over 545.7 metres
34.7% over 303.4 metres
26.8% over 197.2 metres

President/CEO Tom Larsen commented, “The Oil Can Project is shaping up to be a significant satellite asset to our Fire Lake North Project, with results indicating the potential for a large iron resource. We foresee the Oil Can Project potentially providing supplemental ore feed to a process plant at our Fire Lake North Project. Clearly the projects would benefit from key operating synergies, such as rail transport and port infrastructure. Champion remains focused on developing the Fire Lake North Project and continues to systematically delineate complementary resources on its nearby projects. Our NI 43-101-compliant iron ore resources, which currently exceed 2.2 billion tonnes, are expected to grow significantly in the coming months and will place the company’s iron holdings among the top deposits in the Labrador Trough.”

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Thomas G. Larsen
or Jorge Estepa
or Salisha Hosein
IR Director

by Greg Klein

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