Haranga Resources strikes high grade iron in Mongolia's premier development region
Haranga Resources (ASX: HAR) is having some exploration success in Mongolia, with the company delivering a very promising set of drilling results from a project which is strategically located in the heart of the country's premier iron ore development region.
Within the Selenge Iron Ore Project is the Bayantsogt Prospect, 29 of 33 holes intersected broad widths of iron mineralisation.
Highlights from the latest results which cover holes 15 to 20 include:
- 103 metres at 44% iron from 225 metres, including 28 metres at 58% iron;
- 20 metres at 47% iron from 35 metres, including 7 metres at 59% iron; and
- 30 metres at 46% iron from 307 metres.
Metallurgical test work has commenced, with the results to be highly anticipated considering the grades already discovered. Haranga will now look to turn the good results into a JORC Resource, which is forecast to be delivered in the March quarter of 2012.
About the Selenge Iron Ore Project
The project covers five contiguous exploration licences for around 600 square kilometres.
A major plus for the project is some infrastructure is in place in the region, with the project having access to the main trans-Mongolian rail line and nearby rail spurs.
Within the Selenge Iron Ore Project is the Bayantsogt Prospect, 29 of 33 holes intersected broad widths of iron mineralisation.
Highlights from the latest results which cover holes 15 to 20 include:
- 103 metres at 44% iron from 225 metres, including 28 metres at 58% iron;
- 20 metres at 47% iron from 35 metres, including 7 metres at 59% iron; and
- 30 metres at 46% iron from 307 metres.
Metallurgical test work has commenced, with the results to be highly anticipated considering the grades already discovered. Haranga will now look to turn the good results into a JORC Resource, which is forecast to be delivered in the March quarter of 2012.
About the Selenge Iron Ore Project
The project covers five contiguous exploration licences for around 600 square kilometres.
A major plus for the project is some infrastructure is in place in the region, with the project having access to the main trans-Mongolian rail line and nearby rail spurs.
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