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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