targeting upto 2 bill t @ 60+% fe - africa, page-27

Well would have been better if all seven were at 62% but then they have only tested 500m of a 20,000m strike

....most W.African Fe plays have a high grade Fe Cap covering a lower grade itabrite base... So I assume they have just hit the DSO Cap with their last hole.

Now its difficult to say from the announcement but it "appears" the drill holes all ended in mineralisation ...and possibly even the high grade hole ended with 62% at the bottom of the hole... Difficult to say without a map of some form and a cross section.

But suffice to say they have a target upto 2 bt @ 60-62% Fe ...most companies are fairly conservative with their target statements initally ... So they think there is a lot of DSO there and sure enough they have hit a reasonably think intersection of DSO (Assuming Lab assays match the hand held XRF assays)....

So Boxes getting ticked...

Will needs to see a set of Consistent DSO grade interesctions from you would think.


All is IMHO DYOR to confirm