UPDATE: Champion Iron Mines Updates Resource Estimate for Consolidated Fire Lake North Project; Stock Up 1%
Champion Iron Mines Limited (CHM.TO) announced the results from its updated mineral resource estimate for the East and West deposits underlying the Consolidated Fire Lake North Project.
The updated estimate doubles the combined measured and indicated resources in the East and West deposits to 693.5 million tonnes (Mt) grading 31.5% total iron (FeT). The inferred resources have increased by 10% to 521.6 Mt grading 30.1% FeT at a 15% FeT cut-off grade.
CHM went up by more than 1% to 74 cents, just a cent above day lows.
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