Redmond Drilling Intersects HematiteFrom pg. 14 on CEV's Nov. 2011 corporate presentation, they state that multiple hematite zones have been intercepted during drilling in September at their Redmond property and we are now awaiting assays. Shouldn't be too long until we get some word on the DSO grades.
Redmond
Location:
- The Redmond Claims cover an area of 20,700 hectares, 10km SW of Schefferville.
Description:
- Redmond Claims cover 6.5km of strike of the Redmond iron deposits (35mt DSO 1973-83)
- Historic reports by IOC show a number of iron ore occurrences, trenching and drill holes contained within the claims.
Infrastructure:
- Labrador Iron Mines, DSO Iron Ore Plants close by
Exploration:
- May 2011-airborne gravity survey has identified multiple DSO anomalies on Redmond
- Septembers 2011-Drilling has intersected multiple hematite zones, currently awaiting assay results, drilling will continue to the end of October