Good to see the Company getting stuck-in to Iron Horse and its...

Good to see the Company getting stuck-in to Iron Horse and its DSO potential.

I recall an earlier review of the extensive data base of Buena Vista highlighted precisely this undrilled high grade magnetite prospect - located around 800m ENE of the existing Buena Vista magnetite resources.

Named the Iron Horse prospect, the magnetite target outcrops sporadically along a number of discrete but interconnected hills with an elevation of around 120 metres above plain level.

Seven rock chip samples were collected in an initial reconnaissance along the areas of outcrop and these returned outstanding assay results as shown in Table 1.



These rock chip samples were analysed by XRF and cover two outcropping zones with the southernmost and northernmost samples approximately 600 metres apart.

The recent field reconnaissance noted that southernmost zone had the better outcrop with around100 metres of strike length exposed. Outcrop widths in this zone were 10- 30 metres with a strike trend of around 340 and a dip to the northeast.

The field reconnaissance also noted the style of mineralisation exposed in outcrop suggests the prospect is potentially vein related, unlike the hydrothermal disseminations and breccia filling which characterises the mineralisation associated with the main resource zones.

The possibility therefore exists for significant extensions of this vein-style mineralisation at depth. (High grade outcropping magnetite prospect located at Buena Vista, 24 February, 2021)


Great to see Neil and Marcus Flis getting excited over this one too. Very easy low-hanging fruit toward fulfilling the Company's broader Exploration Target Estimate for Buena Vista of 407-540Mt. (232Mt already in the MRE bag.)

Early DSO production potential of course a major bonus.