Champion Minerals Inc
SymbolCHM
Shares Issued24,123,535
Close 2009-11-18C$ 0.45
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Champion Minerals' Fermont at 503 Mt of 28% Fe inferred

2009-11-19 08:29 ET - News Release

Mr. Thomas Larsen reports

CHAMPION MINERALS OUTLINES 503.3 MILLION TONNE INFERRED RESOURCE GRADING 28.0% IRON ON BELLECHASSE AND FIRE LAKE NORTH CLAIM BLOCKS OF THE FERMONT IRON PROPERTY, QUEBEC

Champion Minerals Inc. has released an initial mineral resource estimate on the company's Fermont iron property in the Fermont mining district of northeastern Quebec. P&E Mining Consultants Inc. has provided the company with an initial MRE from the Bellechasse and Fire Lake North claim blocks. The MRE will form part of a National Instrument 43-101 technical report to be available within 45 days under the company's filings on SEDAR.

The current MRE was estimated by Fred Brown, CPG, PrSciNat, and Eugene Puritch, PEng, both of P&E and independent qualified persons under National Instrument 43-101 guidelines. At a 15-per-cent-iron cut-off grade, there are a combined 503.3 million tonnes grading 28.0 per cent iron in the inferred mineral resources category from both Bellechasse and Fire Lake North.

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