Wednesday, August 17, 2011

Champion Minerals Accelerates Fermont Drilling Program


CHAMPION MINERALS INC. (TSX: CHM)(FRANKFURT: P02) ("Champion", or the "Company") is pleased to announce that it has secured 3 diamond-drill rigs from Major Drilling Inc. to be made available in early July, bringing the total number of drills operating on Champion's various Fermont Holdings to nine (9). All of the drills are expected to continue operating through to year's end.


"It's just a great little pit stop," said Shaya, who opened the Italian eatery with John Besh and Octavio Mantilla in the Roosevelt Hotel in September 2009.The two drills currently deployed at the Company's Moire Lake Project, are being used to validate and expand upon the current Historical Mineral Resources(i) estimate of 102 million tonnes grading 31% FeT at the Moire Lake Occurrence (MRNFQ Assessment File GM13035, 1963). The Moire Lake Property is located 4 km southwest of the town of Fermont (Quebec), and adjoins the eastern property boundary of ArcelorMittal's Mont Wright Mine and Concentrator operations.
  • If you have a pottery fireplace, or chimenea, use it cautiously as these units are lightweight and reasonably fragile. To keep the fire from getting hot enough to break the chimenea, it's best to use kindling-size wood."You don't think all week about ordering Naked Pizza although I'd like to think that you do," Crochet said. "I've got to make it easy for you."Contacts: Champion Minerals Inc. Thomas G. Larsen President and CEO (416) 866-2200 Champion Minerals Inc. Jorge Estepa Vice-President (416) 866-2200 Champion Minerals Inc. Salisha Hosein Director, Investor Relations (416) 866-2200 www.championminerals.comDrilling continues at the Company's flagship Fire Lake North Project with four drills working to delineate resources at the East Limb and West Limb proposed open pit areas. Since the last mineral resource estimate completed in August 2010, close to 19,000 m of drilling has been completed and approximately 4,000 m remains for this phase of drilling, which is expected to be completed within the next 30 days. The drill program was increased to a total of 23,000 m from the originally proposed 17,500 m as a result of successful exploration that currently requires additional follow-up drilling to define the full extent of the mineralization in order to fully delineate and increase resources. Upon receipt of final assay results, Champion will initiate an update of the current Inferred Mineral Resource Estimate, calculated at 388 Million Tonnes (MT) grading 28.9% Total Iron ("FeT"), to be followed by an update of the Fire Lake North Preliminary Economic Assessment ("PEA") that was completed in November 2010. The PEA update is expected by the end of Q3.Statements made in this news release that are not historical facts are "forward-looking statements" and readers are cautioned that any such statements are not guarantees of future performance, and that actual developments or results, may vary materially from those in these "forward-looking" statements.TakeOut Technologies charges between $40 and $125 per month for its ordering software and works with Copeland's, New Orleans Hamburger and Seafood Co., and Gambino's Bakery, among other New Orleans eateries.Consumers are more crunched for time and want easier take-out options. Last year, the National Restaurant Association found 32 percent of adults surveyed said they used the Internet to place a dine-in, carryout or delivery order, up from 11 percent in 2005."Right now we're just happy making it easy for people to get a pizza," Shaya said.The O'Keefe-Purdy Project consists of 182 claims covering 95.3 km2 located due north of the Harvey-Tuttle Project and adjoins the north boundary of the Bellechasse Project. Mineralization at the O'Keefe Lake Iron Occurrence, originally discovered in 1957, is characterized as coarse-grained, specular hematite-rich, with lesser magnetite (MRNFQ Deposit File 23B12-0003).Please visit Champion's website at www.championminerals.com .Takeout orders now range from 10 to 15 percent of store sales, and Marin said online ordering is fueling growth. The brand rolled out online ordering for its Copeland's Cheesecake Bistro locations last week.In March, researchers at the Cornell University School of Hotel Administration Center for Hospitality Research found that nearly a quarter of chain restaurants offer online ordering. The study surveyed more than 300 chains, ranging from quick service to fine dining, and found that more than 60 percent of pizza and sandwich chains take online orders.The Fermont Iron HoldingsDifferent heaters are available for different needs and circumstances. A heater will be powered by propane, natural gas, alcohol-gel, electricity, wood, or wood substitutes such as charcoal or artificial logs. Depending on the size and the heat source, they may warm only a small space or heat a party-size yard.

    Contacts: Champion Minerals Inc. Thomas G. Larsen President and CEO (416) 866-2200 Champion Minerals Inc. Jorge Estepa Vice-President (416) 866-2200 Champion Minerals Inc. Salisha Hosein Director, Investor Relations (416) 866-2200 www.championminerals.com




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