Haranga Resources intersects more iron mineralisation at Selenge Project in Mongolia
Haranga Resources (ASX: HAR) has intersected further extensions to the iron mineralisation at the Bayantsogt prospect, within its Selenge Project in Mongolia, where four diamond rigs continue to drill.
A total of 24 of the 26 diamond drill holes at Bayantsogt have intersected significant widths of iron mineralisation.
The company has also discovered significant widths of iron mineralisation at the nearby and larger Dund Bulag prospect.
Highlights from holes 8 to 14 include:
- 41 metres at 26% iron from 107 metres, including 10 metres at 42% iron from 113 metres;
- 18 metres at 31% iron from 65 metres
- 5 metres at 40% iron from 106 metres
These results are in addition to the previously reported intervals from Holes 1 to 7 that included 26 metres at 27% iron from 32 metres.
At least five major iron lodes exist at Bayantsogt averaging about 20 metres, and up to 103 metres, in width.
Initial drilling at the larger Dund Bulag prospect has discovered significant widths of banded magnetite of a similar nature to Bayantsogt, with assays pending.
Significantly, similar banded magnetite mineralisation has proven amenable to low cost mining and beneficiation at nearby Eruu Gol, Mongolia’s largest iron ore export mine.
This mine currently produces about 2.5 million tonnes of magnetite concentrate per annum and ships the product via a newly constructed 75 kilometre rail spur connecting the mine to the main trans-Mongolian rail line.
Importantly, the Selenge project area also has access to the main trans-Mongolian rail line and nearby rail spurs.
The company has commenced metallurgical test work on samples from Bayantsogt.
The Selenge iron ore project consists of five contiguous exploration licences covering almost 600 square kilometres of ground in the heart of Mongolia’s premier iron ore development region.
A total of 24 of the 26 diamond drill holes at Bayantsogt have intersected significant widths of iron mineralisation.
The company has also discovered significant widths of iron mineralisation at the nearby and larger Dund Bulag prospect.
Highlights from holes 8 to 14 include:
- 41 metres at 26% iron from 107 metres, including 10 metres at 42% iron from 113 metres;
- 18 metres at 31% iron from 65 metres
- 5 metres at 40% iron from 106 metres
These results are in addition to the previously reported intervals from Holes 1 to 7 that included 26 metres at 27% iron from 32 metres.
At least five major iron lodes exist at Bayantsogt averaging about 20 metres, and up to 103 metres, in width.
Initial drilling at the larger Dund Bulag prospect has discovered significant widths of banded magnetite of a similar nature to Bayantsogt, with assays pending.
Significantly, similar banded magnetite mineralisation has proven amenable to low cost mining and beneficiation at nearby Eruu Gol, Mongolia’s largest iron ore export mine.
This mine currently produces about 2.5 million tonnes of magnetite concentrate per annum and ships the product via a newly constructed 75 kilometre rail spur connecting the mine to the main trans-Mongolian rail line.
Importantly, the Selenge project area also has access to the main trans-Mongolian rail line and nearby rail spurs.
The company has commenced metallurgical test work on samples from Bayantsogt.
The Selenge iron ore project consists of five contiguous exploration licences covering almost 600 square kilometres of ground in the heart of Mongolia’s premier iron ore development region.
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