Plough, the 3.3SG and 3.6SG densities reported on 25 June 2013 were related to the Gofolo and Koehnko itabirite mineralisation. Those densities are consistent with such mineralisation.
In the same release (page 3) is the following statement: "This estimate does not include hard itabirite, potential blind DSO or additional mineralisation associated with the target footprints highlighted in yellow."
Today’s announcement is referring to a new discovery of high-grade hematite ore (DSO) with a higher Fe content than the mineralisation you referred to. As such, it would have a higher SG to itabirite. 4.5SG to 5.5SG would appear more appropriate.
TAW Price at posting:
0.5¢ Sentiment: Buy Disclosure: Held
