Ridgemont Iron Ore Corp. (TSXV:RDG,OTCQX:RIOOF)announced drill results from its Lac Virot iron project.
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.