RVM revere mining limited

acquisition of enterprise metals limited, page-3

  1. 3,702 Posts.
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    I think this microcap is going to go great one day, can feel it in my bones.

    From the announcement,

    'A major iron ore producer is currently
    exploring an adjacent tenement for high grade
    Brockman Iron Formation hematite deposits.

    Cbro or anyone else, any idea who the major iron ore producer is they refer to?

    Further text from the announcement relaring to Sylvania:



    1.5 Sylvania Iron Ore/Base Metals/Gold Project
    The Sylvania Project is located 65km south west of
    Newman in Western Australia and comprises one
    granted exploration licence of approximately 220
    km².


    Figure 5. Sylvania Project, Regional Geology

    Recently acquired magnetic and radiometric data
    over the project area has highlighted the presence of
    a triangular wedge of Proterozoic Hamersley Group
    sediments on the south western margin of the
    project area. A major iron ore producer is currently
    exploring an adjacent tenement for high grade
    Brockman Iron Formation hematite deposits. The
    airborne magnetic data suggest that the Brockman
    Iron Formation extends southwards onto
    Enterprise’s project area, below Proterozoic cover of
    variable thickness.

    Please DYOR

 
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Currently unlisted public company.

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