11:41 AM EST - New Millennium Iron Corp. : announced today the completion of drilling at its 100% owned Perault Lake property and 80% owned Sheps Lake Property. 48 holes were drilled in Perault Lake for a total of 3890.8 metres. and 22 holes in Sheps Lake for a total of 1,918.1 metres. The combined total area of both Sheps Lake and Perault Lake is approximately 17.25 square kilometres with an average thickness of 60 m, where the taconite is un-altered giving excellent Davis Tube concentrate recoveries with very low concentrate silica values (less than 2.00%) and high Fe values (>70.00%). These results highlight the potential for the production of direct reduction grade pellet feed from these properties. New Millennium Iron Corp.
shares T.NML are trading down $0.04 at $1.55.
