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Initial Mineral Resource Estimate Announced by Champion's JV Partner for Joyce Lake DSO Deposit

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Champion Iron Mines (CHM.TO) reports that Century Iron Mines (FER.TO) yesterday announced an initial Mineral Resource Estimate for the Joyce Lake Direct Shipping Ore Deposit located in Labrador on the Attikamagen Iron Project, jointly held by Champion and Century.

Century reported that the Joyce Lake Project is estimated to contain Measured and Indicated Mineral Resources of 10.0 million tonnes grading 59.45% Total Iron plus an additional 5.6 million tonnes of Inferred Mineral Resources grading 55.78% Total Iron, at a cut-off grade of 50% Total Iron.

CHM and FER shares last traded at $0.35.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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