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-Image 450w.png)  Rannie Lake Property - This is an important 43 square kilometer iron ore property in the Sokomon Iron Formation in a major magnetite-rich zone.
Rannie Lake has a strategic importance similar to the Roberts Lake project, as it is an important acquisition from an industry leverage perspective. It is surrounded by large properties owned by Rio Tinto's Altius Minerals Corp. (TSX-V: ALS). Altius, with a joint venture partner, has indicated that they've done drilling programs in the area in 2010 and 2011. They have indicated they will invest a further $4 million in drilling programs in the area in 2012 and 2013 and continue to add value to the region.
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