The Astray property constitutes 11 map-staked mineral licences comprising 2,894 claims (11,218 hectares). Century sold an 80% interest in a substantial portion of the Astray property (Astray-X) to Northern Star Minerals Limited and has retained a 20% interest.
|Location||Labrador Trough||Labrador Trough|
|Mineral Tenure||447 claims (11,175 hectares)||2,585 claims (64,625 hectares)|
|Mineral Potential||DSO & Taconite||DSO & Taconite|
|JV Partner||100% owned by Century||Northern Star-80%|
Both of the Astray and Astray-X properties have potential for large resources of taconite as well as DSO comprised of high-grade specularite similar to the Sawyer and Astray Lake deposits of Labrador Iron Mines (LIM).
Access and Infrastructure
Access to the properties is primarily via helicopter; however, the two southern licences are accessible by unpaved road and trails.
The licences are within 3 – 60 kilometres of the Tshiuetin Railway (TSH).
The property is located between infrastructure for the Menihek hydroelectric generating station located west of the property and the Churchill Falls hydroelectric generating station located east of the property.
Historic Exploration Work
Systematic mapping and sampling were carried out by various institutes, targeting iron ore, Pb-Zn (Cu-Ni & Au) and Uranium.
From April to June 2011, Century completed the airborne magnetic survey covering the whole project area.
From July to November 2011, site examination and sampling were carried out to select the exploration targets. Some high-grade sample sites have been located.
In 2012, Century conducted an airborne gravity survey, followed by the gravity anomaly followups and inspections.
November 22, 2011
Century Iron Mines and Altius Minerals Announce Completion of Acquisition by Century of Altius Labrador Iron Ore Properties
November 10, 2011
Century Iron Mines Announces Update on its Acquisition from Altius Minerals of Labrador Iron Ore Properties
September 20, 2011
Century Iron Mines and Altius Minerals Sign Principal and Royalty Agreements on Four Labrador Iron Ore Properties