Cabo to drill up to 10,000 meters for New Millennium Capital Corp.

Cabo Drilling Corp. announces that New Millennium Capital Corp. of Calgary, Alberta, has awarded Cabo’s Ontario division a contract for up to 10,000 meters of reverse circulation drilling on New Millennium’s DSO (Direct Shipping Ore) projects near Schefferville, Quebec. New Millennium’s 2008 summer drilling program, intended to upgrade New Millennium’s historical resources to... 

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NMDC In Talks With New Millennium Capital To Jointly Develop A $3.5 Bln Mega Iron Ore Project

Monday, the media reported that the Indian Government-owned National Mineral Development Corporation Ltd., or NMDC, the largest iron ore producer and exporter in India, is negotiating with Canadian-based New Millennium Capital Corp., or NML, to develop one of the world’s largest underdeveloped low-grade magnetite iron-ore deposits project, valued at $3.5 billion or Rs.14,000-crores. Besides developing... 

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Cabo Drilling Corp.: Shares of International Millennium Mining Corp. to Commence Trading

Cabo Drilling Corp. is pleased to announce that the common shares of International Millennium Mining Corp. (“IMMC”) the company to which Cabo sold its mineral properties for 10,000,000 units, of which no less than 75% are redistributed to Cabo shareholders, will begin trading on the facility of the TSX Venture Exchange commencing at the opening February 27, 2007 under the trading symbol... 

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Shares of International Millennium Mining Corp. to Commence Trading

International Millennium Mining Corp. is pleased to announce that the common shares of IMMC will begin trading on the facility of the TSX Venture Exchange commencing at the opening February 27, 2007 under the trading symbol IMI (CUSIP No. 459970). IMMC has 30,122,944 shares issued and outstanding and 44,241,287 shares fully diluted. IMMC is a mineral exploration and development company focused on... 

Iron ore project could face delay

A huge new iron ore find in Quebec, just outside the Labrador border, could affect New Millennium Capital Corp.’s plans to develop the large LabMag project in western Labrador, according to the company’s CEO. The company has determined its KeMag property, located at Lac Harris, Quebec (18 kilometres north of the Labrador LabMag property), contains 1.349 billion tonnes of indicated iron... 

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Chinese demand puts new shine on iron ore

When Robert Martin discovered the LabMag iron ore project in 1960, he found a deposit laced with enough iron that a magnet would stick to some parts of the ground. But the deposit was low grade and considered worthless at the time. Mr. Martin went on to a lengthy career with Iron Ore Co. of Canada but never forgot the site in Labrador. When it became available in 2002, he snapped it up. “We felt... 

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