comparemela.com

Latest Breaking News On - Pharos iron ore - Page 1 : comparemela.com

Resources Top 5: New discoveries and imminent gold drilling results

Resources Top 5: New discoveries and imminent gold drilling results Mining share Gold explorer Megado has assays pending A drilling program at Scorpion–Fenix’ Pharos Iron Ore JV will be accelerated Here are the biggest small cap resources winners in morning trade, Wednesday July 21.   Investors agreed, sending the $38m market cap explorer up ~40% in early trade. New drilling results from 11 diamond drill holes at the Dikaki Prospect – one of 18 at Kroussou confirmed shallow high-grade zinc and lead mineralisation within 40m of surface. Highlight hits include 13.5m @ 5.3% Zn+Pb from 12.8m. “The results support the potential for a large-scale shallow, flat-lying, broadly mineralised system with possible continuity across multiple zones which could allow simple open pit mining extraction,” the company says.

Fenix Resources Ltd and Scorpion Minerals Ltd expedite drilling over Pharos Iron Ore Joint Venture

Fenix Resources and Scorpion Minerals expedite drilling over Pharos Iron Ore Joint Venture The iron ore joint venture, which forms part of Scorpion’s Pharos Project, spans 373 square kilometres and lies immediately adjacent and contiguous to Fenix’s Iron Ridge operation, with multiple iron ore targets already identified across 15 kilometres of strike. Fenix and Scorpion are actively exploring the Pharos Iron Ore Joint Venture region. Fenix Resources Ltd (ASX:FEX) and Scorpion Minerals Ltd (ASX:SCN) have fast-tracked a drill program at the Pharos Iron Ore Joint Venture (JV) asset following a review of historical drilling data. During the evaluation, the partners identified two iron ore target areas within the JV’s southern Weld Range region, specifically at the Iron Ridge Extension and Ulysses prospects.

Fenix Resources Ltd boosts iron ore production by 27% in June quarter

Fenix Resources boosts iron ore production by 27% in June quarter The fledgling iron ore producer shipped nearly 281,000 tonnes of product in the June quarter, up 27% on the previous quarter. “It was an outstanding quarter on the back of steady-state production rates and strong iron ore prices,” says MD. Fenix Resources Ltd (ASX:FEX) shipped just shy of 281,000 tonnes of iron ore from its WA Iron Ridge Project at an average price of US$185 per tonne during the June quarter. It is the second successful quarter for Fenix, following its maiden iron ore shipment of 220,000 tonnes in March. Five iron ore shipments were sold in total, comprising 129,331 wet metric tonnes (wmt) of lump and 151,456 wmt of fines.

© 2024 Vimarsana

vimarsana © 2020. All Rights Reserved.