Haranga Resources Ltd : Mongolia : PRE mining agreement with the MRA of Mongolia signed by Haranga Resources
A pre-mining agreement is signed by Haranga Resources with the Mineral Resource Authority of Mongolia for its 80% owned Selenge Iron Ore Project. The project is located in Mongolia s premier iron ore development region of Darkhan Selenge with access to the main trans-Mongolian Rail line & nearby spurs. Most important terms of the agreement are for Haranga to finish and submit a feasibility study, mine design, and finally construction of a Mine.
Selenge hosts a JORC Resource of 254 million tonnes at 17.2% iron, creating it the leading JORC iron ore resource in Mongolia. 99.8% of this is in the Measured and Indicated categories, and initial Davis Tube Recovery results shows that a high quality 66% iron concentrate is achievable from the project. Drilling also discovered iron mineralisation at the close by Huiten Gol Prospect, and an extra exploration target of 50 to 100 million tonnes is anticipated.
Selenge is made up of the Bayantsogt, Dund Bulag and Undur Ukhaa deposits lie in 3 kilometres of each other and are associated to large magnetite skarn hills with wide mineralised lodes from surface.
Haranga anticipates that Selenge will support a wet magnetic concentrator with a standalone infrastructure solution to supply about 4 million tonnes per annum of magnetite concentrate onto the close by rail spurs for domestic and export consumption.
(c) 2014 Euclid Infotech Pvt. Ltd. Provided by Syndigate.info, an Albawaba.com company
Selenge hosts a JORC Resource of 254 million tonnes at 17.2% iron, creating it the leading JORC iron ore resource in Mongolia. 99.8% of this is in the Measured and Indicated categories, and initial Davis Tube Recovery results shows that a high quality 66% iron concentrate is achievable from the project. Drilling also discovered iron mineralisation at the close by Huiten Gol Prospect, and an extra exploration target of 50 to 100 million tonnes is anticipated.
Selenge is made up of the Bayantsogt, Dund Bulag and Undur Ukhaa deposits lie in 3 kilometres of each other and are associated to large magnetite skarn hills with wide mineralised lodes from surface.
Haranga anticipates that Selenge will support a wet magnetic concentrator with a standalone infrastructure solution to supply about 4 million tonnes per annum of magnetite concentrate onto the close by rail spurs for domestic and export consumption.
(c) 2014 Euclid Infotech Pvt. Ltd. Provided by Syndigate.info, an Albawaba.com company
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