Rock-chip sampling at Aurumin Limited’s 100 per cent-owned Central Sandstone project has uncovered high-grade iron.
Located 520km north east of Perth, the project is part of the company’s Sandstone Operations, which also includes the Birrigrin and Johnson Range Projects, and has a total resource of 946koz (gold).
This recent work has recognised an opportunity for high-grade iron ore in addition to gold mineralisation, returning up to 67 per cent iron. Planning for drill testing of the high-grade iron formations is underway.
Aurumin’s Managing Director, Brad Valiukas, said the results represent a real discovery.
“There is a 6km strike of banded iron outcrops with potential widths of five to 40m requiring further exploration. The first-pass rock chip sampling returned numerous high-grade DSO quality results, with a peak of 67 per cent and represent an exciting complementary opportunity at Central Sandstone.
“Full credit to the team for identifying and working up this opportunity. Generations of operators have walked over this potential, and we are delighted to bring it forward. Sandstone is already on the haulage route for iron ore producers to the Geraldton Port.
“Aurumin’s focus is firmly on Sandstone and generating the critical mass required for future production. The close proximity of the iron ore to some of our gold deposits, not to mention the potential value of the iron ore itself, could significantly alter the project’s economics. We are already spoilt for targets, and this adds a big one to the mix.”
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