Ridgemont Iron Ore Corp. announced that the final set of assay results have been received from the 2012 drill program on its wholly-owned Lac Virot Iron Project, located in the southern Labrador Trough. The company also announced the completion of its 2012 drill program. A total of 11,713 metres in 42 holes was drilled in 2012.

Ridgemont Iron Ore Corp. announced the first set of drill results from the ongoing drill program on its wholly-owned Lac Virot Iron Project, located in the southern Labrador Trough. To date, the company has completed and received assay results for 9 diamond drill holes totaling 2,700 metres. The Lac Virot Iron Project is comprised of approximately 114 square kilometres of map staked mineral licenses located in the southern Labrador Trough, Canada's foremost iron ore mining region. Four major mines (Mont-Wright, Carol Lake, Scully and Bloom Lake) are located within 20 km of the project. The project is also within close proximity to a common carrier railway as well as a deep sea port which will provide year round access to the global market. The company has now mobilized a third and fourth drill in order to execute the additional 9,000 metres of drilling that has been added to the original exploration program in order to advance the project as much as possible before the end of the year. The Lac Virot Iron Project is comprised of approximately 114 square kilometres of map staked mineral licenses located in the southern Labrador Trough, Canada's foremost iron ore mining region. Four major mines (Mont-Wright, Carol Lake, Scully and Bloom Lake) are located within 20 km of the project. The project is also within close proximity to a common carrier railway as well as a deep sea port which will provide year round access to the global market.

Ridgemont Iron Ore Corp. announced that it has intersected significant intervals of iron mineralization in a number of drill holes completed to date on its wholly-owned Lac Virot Iron Project, located in the southern Labrador Trough. To date, Ridgemont has completed approximately 4,200 metres of the initial 5,000 metres planned for Lac Virot this season. However, acting on the strong results acquired to date, the company applied for, and has been granted, an Exploration Permit from the Newfoundland and Labrador Department of Natural Resources, for an additional 9,000 metres of drilling. To facilitate the timely execution of this additional 9,000 metre program, a third drill rig is being mobilized to site. True widths of the reported intercepts above vary depending on the angle of the individual drill holes and are estimated to be between 90% and 100% of the core interval as reported. All samples were prepared from sawn HQ-sized half-core sections on-site in Labrador. Split drill core samples have been sent to independent contractor SGS Minerals Services in Lakefield, ON for analysis; results are pending. The Lac Virot Iron Project is comprised of approximately 114 square kilometres of map staked mineral licenses located in the southern Labrador Trough, Canada's foremost iron ore mining region. Four major mines (Mont-Wright, Carol Lake, Scully and Bloom Lake) are located within 20 km of the project.