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Quest increases resource at WA target

27th September 2013

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

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PERTH (miningweekly.com) – Junior Quest Minerals has increased the mineral resource estimate at its Perenjori iron-ore project, in Western Australia, by some 30%.

The project, in which Quest was earning an 80% shareholding, was now estimated to host an inferred resource of 191-million tonnes, grading 36.6% iron.

Current scoping studies at the Perenjori project were focused around an area known as the Core BIF zone, which was thought to be the most likely location for any commercial development.

An inferred resource estimate of 93.3-million tonnes, grading 37.2% iron has been declared at the Core BIF zone, which was a 42% increase on the previous estimate.

Quest noted that, along with the previously reported exploration target of the Core BIF Zone, the conceptual tonnage potential at the site currently stood at around 150-million tonnes, which is the tonnage being used for the conceptual scoping studies.

An overall exploration target of between 320-million and 360-million tonnes, grading between 32% and 37% iron has also been estimated for the zones outside the area of historical drilling.

Edited by Creamer Media Reporter

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