The Mbalam area is part of an iron ore province in the Archean Congo Craton that spans three countries, including Cameroon, the Congo Republic and Gabon. The iron deposits of Gabon are best known and are centred on the deposits at Belinga. Previous evaluation in Gabon by Kumba Resources Ltd of South Africa in the Batoula/Boka Boka region, 140 km south of Mbalam and 50 km east of Belinga, indicated a resource of 850 million tonnes of 60% Fe. Just scratching the surface methinks. Do you think they won't find more iron ore? Check out Cameroon on Google earth. The whole country is covered in red dots where someone has dug a hole. You can guess what the red is. Good luck all!!!
SDL Price at posting:
33.5¢ Sentiment: None Disclosure: Held
