Baffinland Reports 196 Metres of 66.5% Iron
Baffinland Iron Mines Corp (TSX:BIM) reported today on drill results from the 2008 drilling program. A total of 26 holes were reported on including cumulative 2,680 metres of 66% iron. Hole MR1-08-154 intersected a true width of more than 196 meters grading 66.5% iron. Baffinland has reported in the past that much of this is direct shipping, premium priced lump grade iron ore.
Gordon McCreary, Baffinland’s president and CEO is quoted as saying:
Deposit No. 1 is much thicker in certain areas and this has positive implications when we revise the reserves and resources estimate for Deposit No. 1.
See the full release on the Baffinland web site.
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Mon, Feb 23, 2009
Post by Melissa Pistilli, Iron Senior Reporter