Century Iron Mines Corp. (TSX:FER) announced yesterday the results of a NI 43-101 mineral resource estimate on its Joyce Lake DSO project, which is part of the Newfoundland and Labrador-based Attikamagen project. The project has seen a 143-percent increase in its measured and indicated resource.

As quoted in the market news:

The results show 24.3 million tonnes of measured and indicated mineral resources at an average grade of 58.55% iron (‘Fe’) plus an additional 0.84 million tonnes of inferred mineral resources at a cut‐off grade of 50% Fe.

Sandy Chim, president and CEO of Century, commented:

I am pleased with the resource update which represents a very significant improvement in size and quality of the Joyce Lake project as a high grade DSO deposit. As we move towards the definitive feasibility study, this updated resource estimate is expected to enhance the results of the preliminary economic assessment dated May 8, 2013.

Click here to read the full Century Iron Mines Corp. (TSX:FER) press release.