UPDATE: Century Iron Mines Edges Up 1% As Confirms New Taconite Iron Discovery
Century Iron Mines Corporation (FER.TO) edged up 1% to $1.74 at the open from the previous $1.72 close after announcing today a large taconite iron discovery on its 100% owned Rainy Lake property, part of the Sunny Lake Project.
The company said a new zone was discovered, now named the Full Moon Prospect. Sandy Chim, President and CEO of Century Iron commented: "Full Moon demonstrates so far two to three times of this normal thickness making its potential value higher. This discovery crystallizes our strategy of positioning ourselves toward becoming a large iron ore producer for the insatiable China market."
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