Happy to be corrected here but it seems only 10% of the Japonesa res. has been mined. Can I assume that there is ore in the remaining 90%?
" To-date, only 32 hectares at Japonesa have been assessed using JORC methodology calculating a measured and indicated resource. Please refer to the previous ASX release lodged on14 May 2007 for specific details. Cia Minera Santa Barbara (of which Admiralty Resources now holds 60%) has tenements that cover more than 11,000 hectares in the Chilean iron ore belt."
Yours sincerely, Phillip Thomas Managing Director [e] [email protected]
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