Champion Iron Anticipates Feasibility Study for Quebec Project by Year End

Champion Iron Mines Ltd. (TSX:CHM) yesterday provided an update on activities related to the feasibility study for its flagship Consolidated Fire Lake North project, located in Quebec.

Among other things, the company, along with the Quebec government, is advancing a “multi-user railway solution” aimed at connecting mine developers and producers in the Labrador Trough with multi-user ship-loading facilities at Pointe Noire.

As quoted in the press release:

Test work in-progress is targeting to increase mill recovery above the 82% level typical of the Fermont area. The optimization uses new technology for iron fines recovery that recently became more economic with the unprecedented price range for iron and the developing market for iron ore fines. Favorable results could have a significant positive impact to the economics of the project.

Further investigations are evaluating potential from improved filtration techniques and as a result, “dry stacking” of tailings, a more cost efficient method of tailings disposal that could also reduce the physical footprint and environmental impact of CFLN’s planned operations. Filtered tailings water would be re-circulated within the concentrator while the dry tails would possibly be conveyed to impoundment areas within the waste rock dumps.

Thomas Larsen, CEO of Champion, commented:

We are moving forward rapidly with the remaining drilling and test work required to complete the Feasibility Study by year end. The current work programs are expected to yield enhancements in design that will have significant positive impact on the project economics and social acceptability.

Click here to read the full Champion Iron Mines Ltd. (TSX:CHM) press release.