Champion Minerals intersects up to 29% iron in Quebec

Sunday, 03 May 2009

Champion Minerals Inc announced the first results from the winter drilling program completed at the Bellechasse Midway Claim Block within the Company's Fermont Iron Property located 250 kilometers north of the St Lawrence River port town of Port Cartier, in the Fermont Iron Ore District of north eastern Quebec.

The Company is currently in the first year of a 5 year option agreement to initially earn a 65% interest in the Property. The objective of the drilling program was to confirm historical drilling results at Bellechasse and possibly add strike length to the iron formation, which is categorized by the Company as a priority target due to its proximity to infrastructure and presence of historical resources.