Micrex Development Corp. announced the progression of the resource definition drilling program on its St. Charles magnetite deposit in Quebec. The aeromagnetic survey completed earlier showed at least a 30% increase in the size of the deposit. All holes were drilled at 45 degrees, while the ore body dips steeply 80 degrees to the east. Holes are oriented perpendicular to the magnetite trend. The drilling has been completed for three holes SB-11-01 to SB-11-03 and work is in progress on hole SB-11-04. Preliminary logging of the core suggests encouraging results. All holes intercepted significant mineralized intersection of massive magnetite, which is accompanied by abundant apatite. This type of ore is usually referred as 'cumberlandite' in the literature, and is very similar to the ilmenite bearing counterpart 'nelsonite'. Holes SB-11-01 and SB-11-02 were drilled along a profile perpendicular to the elongated 3 kilometre long magnetic anomaly delineated by the 2011 aeromagnetic survey. Hole SB-11-01 intersected 28.1 metres from 66.0m to 94.1m of continuous massive magnetite at a core-angle of about 45 degrees. Hole SB-11-02 intersected two intervals of near massive magnetite of 33.9 metres from 0m to 33.9m and 18.75 metres from 58.5m to 77.25m, with a core-angle of 45 degrees. These intersections suggest a cumulative thickness of at least 20 metres of near massive magnetite-apatite ore. Hole SB-11-03 was drilled on a section 75 metres to the south of the previous drill holes. Preliminary logging indicates an interval of 6.6 metres of semi-massive magnetite between 63.4m to 70m, followed by more than 10 metres of apatite-rich massive magnetite from 72.25m to 83.5m. Apatite, in the last interval, ranges between 25 to 30% in apparent volume with grains of 1-2mm. Several other metre thick intervals of magnetite ore were also intercepted from 87.5-88.7m, 89.5-91.2m, 104-108.48m, 111.5-112.5m, 120-121.7m and 149-149.5m. The progression of the program follows the initial plan with each hole 100 metres long and drill pads spaced 100 metres apart.