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Admiralty declares maiden resource at Chile iron project

15th January 2013

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

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PERTH (miningweekly.com) - ASX-listed junior Admiralty Resources has announced a maiden inferred resource of 90.2-million tons, grading 24.5% iron at its Soberana project, in Chile.

The company said in a statement on Tuesday that the resource estimation confirmed the consistent nature of the iron mineralisation within the Harper South district, and highlighted the company’s potential to increase its resource base.

Only two of Admiralty’s 14 targets have a Joint Ore Reserves Committee-compliant resource, with a third reverse circulation drilling campaign currently being conducted at La Chulula, with the aim of defining a resource estimate for this target.

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Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

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