The drilling, which started on 22 February 2014, form part of the previously announced scoping study that has been commissioned to determine the economic viability of a small scale iron ore mining operation on the prospect area.
An additional 1,500m of diamond drilling has been commissioned as part of the study, to provide additional metallurgical information, as well as information on ore body structure and density, and also define a potential friable itabirite resource to a minimum of an inferred category.
The diamond drilling will be limited to the Bong West prospect and seeks to establish a resource to support 6 to15 years of small scale mine life, assuming an initial mining operation of approximately 100,000t per month.
The program will build on the data collected from the 2,631m of RC drilling completed in early 2013 on the Bong West prospect on the Eastern side of the tenement boundary and on the same stratigraphic unit as China Union’s recently recommissioned Bong Mine.
The driling is expected to last for around six to eight weeks, while assay results will be released a further two to three weeks thereafter.
