VMS 9.09% 2.0¢ venture minerals limited

news articale on company site

  1. 241 Posts.
    http://www.ventureminerals.com.au/documents/ResourceStocksSept08LRVenture.pdf

    Just noticed it.

    Interesting bits are these quotes.

    Radonjic said.
    “We are just finishing up drilling out the Main Zone and we are confident that we should get up to another 10 million tonnes there. “Then at Stanley River, although
    there are presently only a few holes that have been drilled there, we potentially have a direct shipping ore product, which would go directly into reserve. “There could be another 10 million tonnes there. So all of a sudden we can see perhaps 40 million tonnes and that is only from three of the targets that we have identified.”

    By the end of this year the company expects to be able to outline around 40Mt of iron-tin resource that would support a 3 million tonne per annum mine for at least eight years, producing 1.2Mt of magnetite concentrate a year plus about 3900 tonnes per annum of tin in concentrate.
 
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