New significant ironstone discoveries confirmed at Télimélé
JOHANNESBURG (miningweekly.com) – ASX-listed Nemex Resources has intersected new ironstone mineralisation, similar to that at the Boulere resource area, through reconnaissance drilling across large parts of its flagship Télimélé iron project, in west Guinea.
The drilling results, which followed a successful concept study that confirmed the viability of potential project development, demonstrated discoveries of high-grade ironstone of between 50% and 60% iron up to 3 m thick at four large, new prospects covering approximately 10 km2 at Télimélé.
It is estimated that drilling, to date, had only tested about 25% of the targets over the 1 400 km2 Télimélé licence area and surrounding licence applications.
“This new drilling was successful in confirming that the Télimélé ironstone continues over very extensive areas of the combined licence and application areas,” said Nemex MD Peter Turner.
The company now planned to start infill drilling in the second half of the year at Gorohi, Kourou and Boulere North, with a view to increasing the resource base of the project to a minimum of 50-million tonnes of between 50% and 60% iron, in line with its regional exploration target.
Comments
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation