The Menihek Property constitutes eight map-staked mineral licences comprising 1,087 claims (27,175 hectares) which are 100% owned by Century.
|Mineral Tenure||1,087claims (27,175 hectares)|
|Mineral Potential||Magnetite-rich taconite|
|JV Partner||100% owned by Century|
The target on the Menihek property is large-tonnage magnetiterich taconite similar in structure and geological setting to New Millennium Capital Corp.’s (NML) large Labmag/Kemag deposits to the north.
There are 16 iron occurrences located on the Menihek property.
The iron formation is almost flat-lying, striking about north-south and dips varied from 0 to 20 degrees east.
The thickness of iron formation varies between 600 feet and 1,200 feet, thinning towards south with thickest at middle parts (Labrador Iron Mines, 1951).
Access and Infrastructure
Access to the properties is via helicopter, or alternatively via trails originating from the community of Schefferville, Quebec and by boat.
The licences are within 5 – 30 kilometres from the Tshiuetin Railway (TSH) which runs parallel to the licences.
The property is located between infrastructure for the Menihek hydroelectric generating station located north of the property and the Churchill Falls Hydro-electric generating station.
Historic Exploration Work
In the 1950s, various geologists mapped the Menihek area, and discovered iron occurrences.
In 1959, Labrador Iron Mining and Exploration evaluated the iron potential.
During 1970-1990s, airborne magnetic survey, gravity and EM survey covered the area.
In 2011, Century funded the airborne magnetic survey covering the whole area, examined and sampled few anomalies. In 2012, Century carried out a systematic surface mapping and sampling program to evaluate the potential for meta-taconite and DSO mineralization at Menihek area, and delineated some targets for further exploration work.
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