TSX- and ASX-listed Champion Iron has reached a one-year joint venture (JV) agreement with CSE-listed Supreme Metals to access claims located on the Bloom Lake East property, adjacent to Champion’s flagship asset – the Bloom Lake iron-ore mine, in Quebec.
Supreme conducted magnetic survey work in 2018, identifying iron-ore prospects at Bloom East, which could be of strategic importance to Champion and its subsidiary Quebec Iron Ore (QIO), as it could be considered as a source of iron-ore feed for the Bloom Lake mine’s concentration plant.