Wildfires erupt in Canada crude patch in threat to oil sands
One 7-acre fire is within about 6 miles of MEG Energy Corp.’s Christina Lake site, which produced almost 100,000 barrels a day in May.
TORONTO, ONTARIO–(Marketwire – Jan. 5, 2012) –Canadian Orebodies Inc. (TSX VENTURE:CO) (“Orebodies”) is pleased to announce the final set of drill results from the summer drill program at the Haig Inlet Iron Ore Project (“Haig Inlet”), located on the Belcher Islands in Nunavut, Canada. Assay results have now been received for the last eighteen holes drilled at Haig Inlet, and highlights include:
In this set of assays, the thickness of the iron formation ranges from 32.2m to 59.6m and averages 47.9m, while average grades over these intervals range from 27.0% Fe to 29.8% Fe and average 28.8% Fe.