Fortbridge Media ReleaseCleveland Mining Company Ltd [CDG] - MOU for Brazilian Iron Ore Projects Converted into Option Agreements MOU for iron-ore projects held in Alliance with BC Iron Ltd. converted into Binding Option Agreements.
Earn-in agreements provide option to acquire 80% of three iron-ore projects, with no upfront payments.
Project package combines 81 tenements located near either existing public access rail infrastructure or rail under construction. Rail connects to port facilities, both existing and under construction.
Fieldwork to start in the final quarter of 2013.