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Property NewsNovember 29, 2010 Consolidated Thompson Iron Mines Limited announced that it has closed the offering of US$230,000,000 aggregate principal amount of convertible unsecured subordinated debentures. Net proceeds will be used to fund the feasibility studies for the development of the Lamêlée-Peppler property in Quebec, Canada, acquisitions and for general corporate purposes August 28, 2009 Consolidated Thompson Iron Mines Limited announce the results of drilling campaigns, spread over 2007 and 2008 on its Lamêlée property, which increased the indicated resources to 642 million tonnes. When added to the indicated resources of 293 million tonnes of Peppler, this brings the total indicated resources (OIF-oxide iron formation) of the whole Lamêlée-Peppler Iron property to 935 million tonnes. The property is located in northeast Quebec, approximately 470 km northeast of Baie-Comeau, 70 km southwest of Fermont, Quebec. April 16, 2008 Results from last three holes reported including 24.67% Fe over 129 m, 23.32% Fe over 153 m, and 29.52% Fe over 183 m. |
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