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for the long term, certainly for 2017."
Champion Iron Ltd. [CIA-TSX, ASX]
has several iron ore projects in the Labrador
Trough, which accounts for almost all
of Canada's iron ore production, near the
Labrador/Québec border: Consolidated
Fire Lake North, Fermont Projects,
Penguin Lake and Snelgrove Lake. The
company plans to place the Bloom Lake
iron ore mine, near Fermont, back into
production. A positive feasibility study
has been completed. Champion also has
the Powderhorn Lake zinc-lead-copper-
silver-gold project in the Buchans-Roberts
Arm Belt, central Newfoundland, which is
on hold at this time.
El Nino Ventures Inc. [ELN-TSXV;
ELNOF-OTC; E7Q-FSE] and 50/50 partner
Glencore Canada Corp. own the Bathurst
zinc project of northern New Brunswick.
El Nino has extended the closing date to
March 31 for Puma Exploration Inc.
[PUM-TSXV; PUXPF-OTCBB] to acquire
the Murray Brook Project 4 km west of
Trevali's Caribou Mine, also in the Bathurst
mining camp.
Genius Properties Ltd. [GNI-CSE]
reported that preliminary results at the
Blockhouse Project in Nova Scotia indi-
cate a new gold zone. In January 2017,
644 metres was drilled that targeted two
geophysical targets outlined in a 2016 IP
survey and all three known fissure-type
veins on the property. Assays include 1.1
g/t gold over 9.55 metres, with subinter-
vals of 1.6 g/t over 6.2 metres and 3.4 g/t
over 2.1 metres, including peak grades of
25.7 g/t over 0.22 metres and 7.1 g/t over
0.24 metres.
GTA Resources and Mining Inc.
[GTA-TSXV] has a 100% interest in the
Burnt Pond Project, Newfoundland. The
zinc-silver prospect is along strike from
Teck's past-producing Duck Pond copper-
zinc mine. Third-party historical work at
Burnt Pond has returned massive sulphide
assays, including 25.8% zinc, 24.0% lead,
0.8% copper and 791.1 g/t silver over 0.37
metres. A drilling program is planned for
this year.
Inomin Mines Inc. [MINE-TSXV],
formerly Inovent Capital, received final
