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The discovery of sizeable iron ore deposits in Labrador and New Quebec as one of the most outstanding mining developments of the twentieth century. The culmination of a prospecting venture undertaken in 1936 and financed since 1942 by Hollinger Consolidated Gold Mines Ltd., along with the M.A. Hanna Company of Cleveland participating on a minority basis. Size of holding area. The estimated reserve. Details of where the deposits lie. The undiscovered potential. The much more difficult and expensive search henceforth. The location of the centre of the iron ore deposits. Railroad construction and power for the project. A description of the inland base. Future finances. The need and reasons for American participation. What this project will mean to the economy of Canada. A word of tribute to the vision and foresight of the men of Hollinger who were willing to risk the vast sums required for exploration and development of this new mining district. The address was followed by a slide presentation of an interesting collection of natural colour photographs taken in the Labrador iron fields.