Northern Iron, a mineral resource firm, has declared that the company has begun drilling definition holes, roughly spanning 20,000 m, out of the proposed 45 drill holes at the Griffith Iron Ore mine, for the 2012-2013 Season.
According to Northern Iron’s CEO and President, Basil Botha, the drill program carried out at the property will facilitate the company to complete the resource estimates for this project. The company continuously holds general negotiations with several huge global prospects who have conveyed interest to purchase HBI from Northern Iron. There is an increasing demand for metallic product and it is anticipated that the prices of steel scrap may increase over the subsequent years, while the steel scrap’s quality and supply is expected to reduce. HBI offers an option to steelmakers to attain the liquid steel of lowest cost per ton.
Core Tech Diamond Drilling has been contracted by the company to start the drill program at the pit’s northern portion. The company is intending to mobilize a two rig campaign in the coming months after pumping water to top of 26 m, which will open the pit’s upper benches that enable the positioning of a drill rig on the benches in order to access the majority of the iron mineralized zone.
The company will log and sample the drill core on-site at the Ear Falls facilities, and these cores were sent to SGS Minerals Services, Red Lake for preparation of samples and pulps to Ontario-based SGS Lakefield for analysis.
The location of the Griffith property lies about 20 km towards the Ear Falls’ northern part by paved gravel road.