Central Iron Ore has begun the field mapping and sampling at its Yilgarn iron ore project (Yilgarn IOP).
It is anticipated that the field activities will be continuing for the next few months and the work will begin at the Perinvale South iron ore hub and then at the other hubs. The preliminary field work may possibly take around few weeks. The focus of the field activities will be on structural mapping, regolith mapping, systematic sampling and soil sampling of the prospective iron ore targets that are described in the tenements.
Currently, the company has 10 tenements in total that covers 652 sq km, which is situated in the Yilgarn Iron Ore Province. This province is considered to be highly potential, wherein there was a large-scale production of iron ore during the Koolyanobbing operation of the Cliffs Natural Resources, and is presently producing Direct Shipping Ore (DSO) at a rate of approximately 8 Mtpa. This Yilgarn Iron Ore Province is becoming well-known as an attractive site for the iron ore development.
The Company considers that its Yilgarn IOP tenement package offers an important platform for the iron ore exploration and will give a major and recent growth phase for the company in the future.
The goal and the primary plan of the company is to appraise both the direct shipping ore and magnetite ore occurrence in the tenements to achieve an initial understanding of the corresponding resource prospective.
Source: http://www.centralironorelimited.com/