| EXPLORATION PROGRAM CONFIRMS IRON FORMATION - DRILLING SET TO COMMENCE |
August 14, 2008, Toronto (Canada) – CHAMPION MINERALS INC. ("Champion” or the ”Company”) (TSX-V: CHM)is pleased to provide an update on the recently initiated field exploration program at the Company’s wholly-owned Attikamagen Iron Property (the “Property”), in western Labrador, 15km east of the town of Schefferville, Quebec. Labec Century Iron Ore Corporation (“CIOC”) is currently financing the Phase 1 exploration and development program on the Property pursuant to an option agreement with the Company, wherein CIOC was granted the right to earn a 60% interest in the Property by expending C$ 12.5 million in staged exploration and development work expenditures over a 5 year period.
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Champion Minerals Inc. 14 Aug 2008 - 17:39 |
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