Labrador Trough News: Globex Mining gets iron ore property

Globex Mining (GMX -TSX) announced that it has signed an Option Agreement with Titan Iron Ore Corp wherein Titan may earn 100% interest in a Globex, Labrador trough area iron exploration property in Northern Quebec.   The property consists of 200 claims totaling approximately 22,635 acres and covers a 32 kilometer long magnetic anomaly which coincides with known showings of magnetite, an ore of iron. Entire press release here.

Prophecy Platinum's Wellgreen PGE-Ni-Cu property excites investors - good news for fellow explorers like Rockland

On July 14th, 2011 Prophecy Platinum (NKL-TSXV) announced their 43-101mineral resource estimate for its Wellgreen PGE-Ni-Cu property located in the Yukon Territory, Canada. Wellgreen deposit now contains a total inferred resource of 289.2 million tonnes at an average grade of 0.53 g/t platinum, 0.42 g/t palladium, 0.23 g/t gold (1.18 g/t PGM+Gold), 0.38% nickel, and 0.35% copper. Prophecy Platinum's stock moved form $0.77 cents to over $3.00! Rockland's Retty Lake Cu-Ni-PGM property is much earlier stage project, however holds potential for the discovery of economically important massive and disseminated Cu-Ni-PGE bearing sulphide deposits in the heart of  the Labrador Trough.

Complete news release here. 

Labrador Trough News: New Millennium Drills Lac Ritchie

July 20, 2011 news release - New Millennium Iron Corp. has extended the current contract with George Downing Estate Drilling Ltd. of Grenville-sur-la-Rouge to add a third drill and include drilling of the taconite exploration targets at Lac Ritchie and Perault Lake.  The drill is in the process of mobilization. The collection of the KeMag Bulk sample is progressing well and the Contractor is expected to move its equipment from the KeMag deposit to Lac Ritchie before the end of July. NML estimates undertaking about 5,000 meters of drilling in those two targets....more news found here.

Rockland Gold and Cu-Ni-PGM Exploration Update Labrador Trough Area

News release, July 19, 2011, Rockland Minerals Corp. (RL-TSX Venture) has provided an update with regard to its exploration activities in Labrador Trough area of northeastern Quebec. So far during the current field season Rockland has drilled the Retty Lake Cu-Ni-PGE (platinum group elements) property, and has flown a detailed heli-mag survey over the most promising portion of the Schefferville gold property to guide follow-up field mapping and sampling.

A total of 1,500 metres was drilled in the Northwest Retty Lake area with 10 holes that targeted known copper-nickel-platinum-palladium mineralization along a significant trend that is largely covered by Rockland claims. The target middle sill peridotite unit was intersected in all the holes, and significant disseminated chalcopyrite (copper mineral) was observed in broad zones of the host rock peridotite with highly favourable net texture of disseminated sulphides. The drill core was shipped via rail from Schefferville, Que., and has arrived at the core processing facility in Chicoutimi, Que. It is now being logged, saw cut and sampled, and assay results will be released as soon as possible after each batch of samples passes strict quality assurance/quality control protocols.

Follow-up fieldwork is now well under way on the northern block of Rockland Minerals Corp.'s Schefferville gold property, using recently flown data from a low-altitude draped heli-borne magnetometer survey on a 50-metre-spaced grid. The focus of Rockland's 2011 geological fieldwork is on the Rusty Acres area, which has never been drilled. Here, several clusters of plus-one-gram-per-tonne Au historic surface samples in outcropping rusty, iron-formations are seen on the compilation map. A total of 367 surface samples have been taken so far, and have been shipped for assay.

George Sanders, PGeo, a director of the company, is the qualified person under National Instrument 43-101 responsible for the technical content of this news release.

Schefferville News - First iron ore train in 30 years leaves Schefferville

The following is a story from Mining.com. Labrador Iron Mines (LIM-TSX) is working near Rockland Minerals (RL-V) in the Labrador Trough. This story exemplifies the tremendous mining infrastructure that has been developed and re-activated near Rockland's 2 exploration properties in NE Quebec.

Labrador Iron Mines has made significant strides towards the start-up of production at its Schefferville Area direct shipping iron ore project in western Labrador, near the town of Schefferville Quebec. On June 29, 2011 the first loaded iron ore train departed Silver Yards for the Port of Sept-Iles travelling over the TSH and QNS&L railways. This historic event is the first commercial iron ore train from the Schefferville area in almost 30 years. Production Commenced at James Mine and Silver Yards Plant...

Railroad
In February 2011, the Company signed a memorandum of understanding (“MOU”) with Tshiuetin Rail Transportation Inc. (“TSH”) for the transportation of iron ore over the Menihek Division with an agreed tariff rate for calendar year 2011...

Port
LIM has signed a MOU with the Sept-Iles Port Authority for the use of the Pointe aux Basques terminal for handling and ship loading of LIM’s iron ore for the 2011 season and potentially beyond. LIM has also signed an agreement with a port terminal operator for the unloading, stacking and ship loading of iron ore at Pointe aux Basques. LIM will have exclusive use of the Pointe aux Basques terminal for iron ore shipments...

For the complete story to go Mining.com.

Schefferville news - Anglesey Mining: First commercial iron ore train leaves Schefferville, says LIM

Anglesey Mining's 33 percent owned Labrador Iron Mines (TSE:LIM) said that the first train carrying direct shipping ore left for port yesterday (June 29).

"This train represents the first commercial iron ore train movement from the Schefferville area in almost 30 years," said LIM today as it updated on operations and revealed full year results for the year to March 31 2011.

It comes after ore mining operations began at the James Mine earlier this month, where full scale mining is now in full swing.

Around 120,000 tonnes of iron ore have been stockpiled so far and mining will continue until November at a rate of around 15,000 tonnes of ore per day, said LIM.

The Silver Yards processing plant, expected to continue to operate through to November, has a planned initial processing rate of 6,000 tonnes per day, which will be incrementally increased to 10,000 tonnes per day.

LIM's Schefferville project envisages the development of 20 direct shipping iron ore deposits in western Labrador and north-eastern Quebec near Schefferville, Quebec.

It is estimated that around 2.5 million tonnes of ore will be mined from the James Mine during the current financial year and, subject to weather, around one million tonnes of saleable product will be railed to the Port of Sept-Iles. Link to full news story here.