Hematite has the higher iron content.Higher than Magnatite and EQX report the assay results confirm around the 60% Fe content.Anything around 60-65% is considered very high quality.
The mention of the Makengui prospect of 12km strike has got me interested.They say this prospect is considered to have the potential to define a substantial zone of enriched material which could present large tonnages of material capable of DSO and thus presents a compelling exploration target.
DSO is Direct Shipping Ore,and only needs to go through a crusher before it is shipped as lumps and fines.Steel producers can therefore put it straight into the blast furnace as feed-stock.
Things are on track for EQX to one day becoming a potentially large scale iron-ore producer,from a world class location.
EQX Price at posting:
$1.38 Sentiment: Hold Disclosure: Held
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