Australia Minerals and Mining Group is working to extend the mineralisation at its now wholly owned Southdown Extension Iron Ore Project with the start of stage one diamond drilling.

The company is following up previously reported positive metallurgical results from reverse circulation drilling that showed an average concentrate grade of 68% iron with mass recovery of up to 35.6%, low silica and low alumina.

The drilling program will comprise around 300 metres of diamond drilling.

The Southdown Extension Project lies adjacent to Grange Resources Southdown Magnetite Project, which has a JORC resource of 654 million tonnes at 36.5% magnetite.

It is located around 80 kilometres from the Albany Port, which is proposing to upgrade its capacity to handle cape-sized vessels.

Australia Minerals and Mining Group acquired Minemakers’ 80% interest in the Southdown Extension Project late last year, and has since entered into a purchase agreement for the remaining 20% interest.

Minemakers previously intersected strong magnetite mineralisation during a successful diamond drilling program.

Davis Tube Recovery analysis indicated a coarse grind magnetite using over 20 micron grind size with an average iron concentrate at 66%. Three targets over 9.4 kilometres strike length were targeted.

Source - Proactive Investors

(www.steelguru.com)