- M3 Metals (MT) prepares for trenching at its Block 103 Iron Ore Project
- M3 Metals has selected 10 priority targets to test for Direct Shipping Ore mineralization
- M3 Metals is targeting pockets of (DSO) within and surrounding its primary 7.2 Billion tonne Taconite resource
- Once beneficiated, the product is railed to a port in Sept-Îles for shipping to consumers worldwide
- The current permits include up to 2,000 meters of trenching over 20 separate proposed locations and up to 13 kilometres of access trails needed to access the target sites
- M3 Metals Corp. (MT) is up 4.17 per cent and is trading at C$0.12 at 10:51 am ET
M3 Metals Corp. (MT) is preparing for a trenching program on its 100 per cent owned Block 103 Iron Ore Project.
The Block 103 Iron Ore Project is located in Newfoundland and Labrador.
M3 Metals has selected 10 priority targets to test for Direct Shipping Ore mineralization.
Target selection was based on reanalysis of the extensive drilling and numerous airborne and ground-based geophysical surveys including detailed magnetic and gravity surveys.
M3 Metals is targeting pockets of DSO within and surrounding its primary 7.2 Billion tonne Taconite resource.
Of immediate interest is a zone of high-grade haematite mineralization intersected in hole 64 showing the potential for DSO within and around the resource on the Block 103 property.
This mineralization was intersected near surface from 26.82 metres to 32.92 metres and represents one of the initial target areas for the currently planned trenching program.
DSO is currently being mined by Tata Steel Minerals Canada on three sides of the Project and is being beneficiated at TSMC’s processing facility located six kilometres from the Block 103 property.
Once beneficiated, the product is railed to a port in Sept-Îles for shipping to consumers worldwide.
M3 Metals has permits in place for its planned exploration program on its wholly owned Block 103 Iron Ore Project in Newfoundland and Labrador, Canada.
The current permits include up to 2,000 meters of trenching over 20 separate proposed locations, and up to 13 kilometres of access trails needed to access the target sites.
Block 103 is located near well-established infrastructure in the heart of the Labrador Trough, Newfoundland and Labrador, approximately 30 km northwest from the town of Schefferville, Québec and 1,200 kilometres by air northeast of Montréal, QC.
Previous work by theM3 Metals includes geological mapping, geophysical surveys and diamond drilling programs. Total drilling now stands at 115 drill holes aggregating over 28,000 metres.
Two zones of mineralization have been defined on the Property; namely the Northwest Zone and the Greenbush Zone where the focus of the mineral resource estimate has been on the Greenbush Zone.
M3 Metals Corp. is a Canadian listed Company, focused on creating shareholder value through discoveries and strategic development of mineral properties in North America.
M3 Metals Corp. (MT) is up 4.17 per cent and is trading at C$0.12 at 10:51 am ET.
