Exploration and development company Arrow Minerals has uncovered high-grade mineralization at its recently-acquired Simandou North Iron Project in Guinea-Conakry.
Discovered during the initial stages of drilling undertaken last February, the results from the first five holes include grades as high as 63% from surface samples, with testing of an additional 392 samples still pending.
Committed to developing a direct shipping grade iron mining operation by this June, Arrow Minerals plans to leverage existing rail infrastructure and drill more than 150 holes as part of a speed-to-market strategy. The company is accelerating efforts to advance rail, port, shipping logistics, iron ore marketing, metallurgical testing and mining environmental impact assessments.
“We have made a very good start to our drilling program, particularly given that this is just the start of the first systematic campaign to be drilled at the project and therefore we were still trying to establish some basic geological facts such as the orientation of the mineralization,” said Arrow Minerals Managing Director David Flanagan.
Last March, Arrow Minerals acquired full ownership of the Simandou North Iron Project from Amalgamated Minerals for $1.3 million. Boasting 4.6 billion tons of iron grading 65%, the project represents the largest high grade iron ore project in the world.
