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Consolidated Fire Lake North Project - GOLDINVEST.de

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Oil Can <strong>Project</strong><br />

Initial Mineral Resource Estimate<br />

• Potential for low strip ratio < 1 : 1<br />

• Potential Bench width 150- 350m<br />

• 972 Mt of iron oxi<strong>de</strong> grading 33.2% at a<br />

15% iron cut-off<br />

• 924 Mt of mixed iron oxi<strong>de</strong><br />

mineralization with a silicate component<br />

• This <strong>de</strong>posit is open at <strong>de</strong>pth<br />

• Orientation metallurgical tests indicate a<br />

relatively coarse liberation grind size<br />

• Commercial gra<strong>de</strong> magnetite sinter feed<br />

concentrate can be produced<br />

• The 2011 drill program returned long<br />

magnetite-hematite iron formation<br />

intersections up to 545 metres in length<br />

• The 400 metre spaced drill program is<br />

completed<br />

To view a larger more <strong>de</strong>tailed version of this map please visit:<br />

http://www.championironmines.com/vns-site/page-oil_can.html<br />

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