ANX 7.69% 2.4¢ anax metals limited

manganese and magnetite camel hills, page-2

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    First results out with good values that could translate into a very handy deposit.

    previously these led to very good premium concentrate.

    "The testwork on four samples demonstrated that the magnetite is quite crystalline and would produce a high quality concentrate if crushed to -75m. The concentrates displayed high iron and low combined Si and Al and phosphorus, potentially yielding a premium product.
    Given the success of this first reconnaissance drilling program it is the companys intention to follow up with more detailed drilling at T21 and several other magnetite iron targets during 2011."

    Whats important here is the location is in a fsat developing iron magnetite province.

    Overall a great start.
 
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