Ridgemont Iron Ore Corp. (TSXV:RDG,OTCQX:RIOOF) announced the first set of drill results from the ongoing drill program on its Lac Virot Iron Project in the southern Labrador Trough.
As quoted in the press release:
The Lac Virot Iron Project is comprised of approximately 114 square kilometres of map staked mineral licenses located in the southern Labrador Trough, Canada’s foremost iron ore mining region. Four major mines (Mont-Wright, Carol Lake, Scully and Bloom Lake) are located within 20 km of the project. The project is also within close proximity to a common carrier railway as well as a deep sea port which will provide year round access to the global market.
Complete assay highlights and a drill plan map are posted on the Ridgemont website at: http://www.ridgemontiron.com/index.php/projects/lac-virot
Ridgemont President and CEO Brian Penney said:
It’s great to see the first drill program on the Lac Virot Project yield significant thicknesses and grade,”"We’ve now mobilized a third and fourth drill in order to execute the additional 9,000 metres of drilling that has been added to the original exploration program in order to advance the project as much as possible before the end of the year.