https://www.engineeringnews.co.za
Environment|Iron Ore|Mining|Resources|Shell|Steel|supply-chain|Drilling
Environment|Iron Ore|Mining|Resources|Shell|Steel|supply-chain|Drilling
environment|iron-ore|mining|resources|shell|steel|supply chain|drilling

Drilling confirms Bloom Lake expansion potential

24th August 2023

By: Mariaan Webb

Creamer Media Senior Deputy Editor Online

     

Font size: - +

Dual-listed Champion Iron has confirmed the expansion potential of the Bloom Lake mine, in Quebec, announcing a 40% increase in its measured and indicated resources.

The company has updated its mineral resource and reserves statement for the mine, having completed diamond drilling and advanced modelling to optimise mining and processing of the deposit.

Since the 2019 technical report, Champion has drilled an additional 106 core bore holes. Infill drilling has resulted in the successful conversion of inferred resources to indicated resources. Furthermore, infill drilling has demonstrated continuity of iron mineralisation, enabling grade continuity to be established and estimated. This, combined with a revised price assumption, resulted in a significantly larger estimated resource pit shell compared with the 2019 modelling.

Bloom Lake currently has measured and indicated resources of 1.25-billion tonnes at 28.7% iron.

The mineral reserves for Bloom Lake are estimated at 716-million tonnes at an average grade of 28.6% iron.

"The combination of our expanded mineral resources, skilled workforce and supportive local stakeholders positions our company to continue to positively impact the region for generations.

“The Labrador Trough, including Bloom Lake, contains one of the largest and purest iron-ore resources globally and offers a unique opportunity for local stakeholders to participate in reducing steel industry emissions, which represents nearly 10% of global emissions. In tandem with our vision to be a global leader in the green steel supply chain, we continuously strive to minimise our impact on the environment in keeping with our corporate values and respect for the land where we operate,” commented CEO David Cataford.

Edited by Creamer Media Reporter

Comments

Latest Multimedia

SEW-EURODRIVE at Nampo 2024
Updated 2 hours 32 minutes ago
Uniclox at Nampo 2024
Uniclox at Nampo 2024
Updated 2 hours 33 minutes ago

Showroom

Werner South Africa Pumps & Equipment (PTY) LTD
Werner South Africa Pumps & Equipment (PTY) LTD

For over 30 years, Werner South Africa Pumps & Equipment (PTY) LTD has been designing, manufacturing, supplying and maintaining specialist...

VISIT SHOWROOM 
The Southern African Institute of Mining and Metallurgy
The Southern African Institute of Mining and Metallurgy

The SAIMM started as a learned society in 1894 after the invention of the cyanide process that saved the South African gold mining industry of the...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Dachser South Africa at Nampo 2024
Dachser South Africa at Nampo 2024
Updated 2 hours 33 minutes ago
AUTO-X at Nampo 2024
AUTO-X at Nampo 2024
Updated 2 hours 35 minutes ago
Astron Energy at Nampo 2024
Astron Energy at Nampo 2024
Updated 2 hours 36 minutes ago
Omnia at Nampo 2024
Omnia at Nampo 2024
Updated 2 hours 37 minutes ago

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:1.469 1.541s - 160pq - 2rq
Subscribe Now