Medallion Resources Ltd fka MDL

[sumisu]

ROMAINE RIVER IRON-TITANIUM PROJECT

Parker Township, Duplessis County, Quebec

The Romaine River Iron-Titanium Project includes a historical 234-million-tonne resource*, which, Medallion believes, has the potential to expand to perhaps three times that tonnage. This is a potentially world-class occurrence and, as such, represents an exceptional opportunity for Medallion shareholders.

Project Highlights

Historical resource estimate of 234 million tonnes grading 10.8% TiO2 & 17.9% Fe.*

Potential to upgrade tonnage and grade of this historical resource through drilling, sampling, selective test mining & inexpensive basic metallurgical testing.

Potential marketable by-products of feldspar and phosphate.
Immediate advantages

Property and historical-resource estimate can be tested and confirmed relatively quickly, easily and inexpensively, with moderate risk.

Virtually all early expenditures will contribute to verifying the project.

Longer-term advantages

The project appears likely to present few permitting, environmental and social concerns.

Located in the Province of Quebec, which in 2007 was selected by Fraser Institute as the “best mining and exploration jurisdiction in the world”.

Location offers supportive regional logistics and reasonable infrastructure.

Hydro-Quebec plans a new hydro-electric complex 15 kilometres to the east of site with proposed power line & road passing through the Romaine River property.

A successful trail, for this type of project, has been blazed by the world’s largest hard-rock iron-titanium mine, three kilometres to the west, which mines a deposit with many similarities to Romaine River.

Why now?

The world markets for iron and titanium, fueled by extraordinary Asian development, are rapidly expanding.

Some of the largest new-project financings in Canada this year have been for iron projects in Quebec & Nunavut.

Location and Infrastructure

The Romaine River Iron-Titanium Project is in Parker Township, Duplessis County, Quebec, approximately 40 kilometres north of Havre St Pierre, Quebec (50o30’N Latitude, 63o20’W Longitude; NTS map 12L11). The Quebec Iron and Titanium Inc (QIT) Lac Allard mine lies three kilometres to the west. Access to the property is by float plane or helicopter. In the immediate area, road and rail service from Havre St Pierre are available to the nearby Lac Allard mine. Extensive regional services are available at Sept-Iles and Havre St Pierre, including deep-water port facilities (Gulf of St Lawrence). The Province of Quebec plans to provide power and road access to the property. Water from numerous local lakes is abundantly available.

The topography is typical of the Precambrian Canadian Shield with glaciated rolling uplands, rugged valleys and numerous lakes and swamps. The timber is mixed conifer and deciduous with open brushy areas. Winters are cold and heavy snow remains until mid May. Soil cover is shallow and there is considerable exposed rock, including significant outcrops of iron-titanium mineralized material. Elevations above sea level range from 106 to 220 metres.

The QIT Lac Allard Mine and the Romaine River Iron-Titanium Project

At a production level of 18,000 tonnes per day, the QIT Lac Allard mine is the largest hard-rock hematite-ilmenite mine in the world (Hematite, Fe2O3 is the iron ore mineral. Ilmenite, FeTiO3, is the titanium ore mineral). Lac Allard, also known as the Lac Tio mine, began production in 1950 and, at this time, still lists a reserve of 100 million tonnes. QIT is a wholly owned subsidiary of Rio Tinto plc. A QIT corporate video, showing the basic character of the Lac Allard mine may be viewed on YouTube