Labrador Iron Mines
Labrador Iron Mines was established to explore and develop "direct shipping" iron ore deposits on properties in which it holds interests located in the Labrador Trough, in the province of Newfoundland and Labrador near Schefferville, Quebec.
The Company's properties in Labrador are part of the historic Schefferville iron ore district from which over 150 million tons of direct shipping iron ore was previously mined by the Iron Ore Company of Canada from 1954 to 1982.
Labrador Iron Mines 2009 field work program underway
Labrador Iron Mines Holdings Ltd (TSX: LIM) announces that the 2009 field work season is underway at its Schefferville iron ore project in Western Labrador. The program is focused on mine planning for production start-up targeted for mid-2010.
The 2009 program which commenced on June 3 2009 will comprise a total of 6,000 metres of drilling, including some infill drilling identified from the 2008 program and comprehensive drilling on other zones that were not substantially drilled in 2008.
In addition, a 3,000 metres trenching and sampling program will be carried out in conjunction on these areas to determine the width of the various mineralized zones.
The data will provide confirmation and update the historical resource base previously estimated by Iron Ore Co. Based on the new data generated during the 2009 program combined with the results from the 2008 work program, a NI 43-101 compliant resource estimate will be compiled.
Assuming the relevant permits and licenses are issued during the third quarter of the 2009 calendar year, Labrador Iron Mines is currently planning, assuming future iron ore prices are favourable, to commence initial site construction during the fall of 2009. This program will enable it to install and test its major transport facilities ahead of commercial production in 2010.
The company also reported that it has filed its audited financial statements for the fiscal year ended March 31 2009. As at that date, it had a strong cash position of C$35.2 million, with no borrowings or debt.
The group believes it has sufficient funding to undertake its planned exploration and development programs during the year and place the first phase of its Schefferville area direct shipping iron ore project in Western Labrador into production.
Other Labrador Iron Mines articles
-
07/12/09 Brokers upbeat on Labrador Iron Mines Holdings after Shefferville project update
-
16/03/09 Labrador Iron Mines told it will not need to complete federal level environmental assessment, shares climb
Other Labrador Iron Mines news
More news ►
Investors interested in Labrador Iron Mines recently viewed
-
African Aura Mining (TSX-V / AIM: AUR )
-
African Diamonds (AIM: AFD)
-
Alkane Resources Limited (ASX: .ALK)
-
Altus Strategies (AIM: Altus )
-
AmerAlia Inc. (OTCBB: .AALA)
-
Amur Minerals (AIM: AMC)
-
Andover Ventures Inc. (TSX-V: .AOX)
-
Animas Resources Ltd (TSX-V: .ANI)
-
Apella Resources Inc. (TSX-V: .APA)
-
Apollo Minerals (ASX: .AON)
-
Atlantic Coal (AIM: ATC)
-
Augur Resources (ASX: .AUK)
-
Avalon Rare Metals (TSX: .AVL)
-
Baobab Resources (AIM: BAO )
-
Batavia Mining (ASX: BTV)
-
Black Ridge Mining (ASX: .BRD)
-
Blackthorn Resources (ASX: .BTR)
-
Bravo Gold Corporation (TSX-V: BVG)
-
Bullion Monarch Mining Inc. (OTC: .BULM)
-
Cadillac Ventures, Inc (TSX-V: .CDC)
-
Caledon Resources (AIM / ASX: CDN)
-
Chromex Mining (AIM: CHX)
-
Churchill Mining (AIM: CHL)
-
Commerce Resources (TSX-V: CCE)
-
Connemara Mining (AIM: CON)
-
Cuervo Resources Inc. (CNSX: .FE)
-
Discovery Metals (ASX / AIM: DML )
-
Emergent Resources Limited (ASX: .EMG)
-
Emmerson Resources (ASX: .ERM)
-
EurOmax Resources (TSX-V: .EOX)
-
European Nickel (AIM: ENK)
-
Eurotin Inc. (TSX-V: .ERT.P)
-
Extorre Gold Mines Limited (TSX: .EXT)
-
Ferrexpo (LSE: FXPO)
-
Fission Energy (TSX-V: .FIS)
-
Forte Energy (ASX / AIM: FTE)
-
Gippsland Limited (ASX, FRA: .GIP)
-
Great Western Minerals Group (TSX-V: GWG)
-
Greenland Minerals and Energy (ASX: .GGG)
-
Gulf Resources (ASX: .GLF)
-
Halo Resources (TSX-V: HLO)
-
Icon Resources Limited (ASX: .III)
-
Jameson Resources (ASX: .JAL)
-
Kalahari Minerals (AIM: KAH)
-
Kenmare Resources (LSE: KMR)
-
Kootenay Gold Inc (TSX-V: KTN)
-
Landore Resources (AIM: LND)
-
London Mining (AIM: LOND)
-
Marenica Energy Limited (ASX: .MEY)
-
Metallica Minerals Ltd (ASX: .MLM)
-
Millrock Resources Inc (TSX-V: .MRO)
-
Mineweb (.: Mineweb)
-
Moly Mines (TSX / ASX: MOL)
-
Mosquito Consolidated Gold Mines (TSX-V: .MSQ)
-
North American Tungsten (TSX-V: .NTC)
-
North River Resources (AIM: NRRP)
-
Noventa (AIM: NVTA)
-
NQ Exploration Inc (TSX-V: NQE)
-
Nyota Minerals Limited (AIM / ASX: NYO)
-
Pacific North West Capital Corp. (TSX: .PFN)
-
Peninsula Minerals (ASX: .PEN)
-
Phosphate Australia (ASX: .POZ)
-
Rambler Metals & Mining (AIM: RMM)
-
RED ROCK RESOURCES (AIM: RRR)
-
REGENCY MINES (AIM: RGM)
-
Resource Generation (ASX: RES)
-
Rey Resources (ASX: .REY)
-
Robust Resources (ASX: .ROL)
-
Rusina Mining (AIM / ASX: RMLA )
-
Selwyn Resources (TSX-V: .SWN)
-
Silver Swan (ASX: .SWN)
-
South Boulder Mines (ASX: .STB)
-
Southern Silver Exploration Corp. (TSX-V: .SSV)
-
Southern Uranium (ASX: .SNU)
-
Stirling Resources (ASX: .SRE)
-
Strategic Natural Resources (AIM: SNRP)
-
Stratex International (AIM: STI)
-
Strathmore Minerals (TSX-V: .STM)
-
Strzelecki Metals (ASX: .STZ)
-
Tantalus Rare Earths AG (XETRA: XETRA:TAE)
-
Tarsis Resources (TSX-V: .TCC)
-
Thor Mining (AIM / ASX: THR)
-
Toro Energy Limited (ASX: .TOE)
-
Western Desert Resources (ASX: .WDR)
-
Western Potash Corp (TSX-V: .WPX)
-
Weststar Resources Corp (TSX-V: WER)
-
White Canyon Uranium (TSX-V / ASX: WU )
-
Xemplar Energy Co (TSX-V: XE)
-
ZINCOX RESOURCES (AIM: ZOX)










