Ferrum Crescent has completed an an aeromagnetic survey over the Julietta and Gouda Fontein farms of its Moonlight iron ore project in Limpopo Province, South Africa.

The survey consisted of 2,827 line kilometres on 50m line spacing over an area of 129 sq km with all data currently being analysed by the company's independent geological consultants The Mineral Corporation Consultancy Ltd.

Executive chairman Mr Ed Nealon commented that "The completion of the aeromagnetic survey at Julietta and Gouda Fontein is a key step in the planning of future exploration on the area covered by the mining right and in future mining operations. We look forward to publishing the results of this survey in due course.”

He added that "In addition, we are now confident that the resource at the Moonlight farm support mining for in excess of 20 years and therefore our attention is focused on obtaining definitive answers to logistical resolutions in order to achieve the best infrastructure combination for the definitive feasibility study."

Source - Stock MarketWire

(www.steelguru.com)