About to commence 2013 exploration campaign proposed expenditure of A$6.5m targeting 33km of known iron ore formation – potential to host a multi-billion-tonne resource
Highlights
? Located in Canada’s Labrador Trough, a rapidly growing iron ore region featuring global giants such as Rio Tinto, ArcelorMittal and Cliffs Natural Resources
? 33km of strike of iron ore formations, with magnetite samples returning average grade of 32% Fe
? Initial six-hole program to test depth and grade of outcropping magnetite ore
? Phase 2 significantly larger program to begin in June
? Located close to existing shared rail and port infrastructure, with access to cheap hydro-power
? Mamba holds an option to acquire 100% of Snelgrove
canada's labrador io is unleashed , page-3
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