IMX Resources Limited (TSX:IXR, ASX:IXR) announced that new discoveries have been found at the Axehead and Tomahawk North prospects increasing iron magnetite targets to 1.5-1.8 billion tons for its Mt Woods Project.
As quoted in the press release:
Six prospects were drilled, the results of which have increased the Mt Woods Project exploration target tonnage by 168Mt-214Mt. When combined with the existing Inferred Mineral Resource at Snaefell and a review of regional magnetics data and historical exploration drilling, the global exploration target tonnage now totals 1.5-1.8 billion tonnes, the details of which are shown in Table 2.
|Get our expert guide to base metalsÂ investing FREE! Download this FREE Special Report, Investing Opportunity: Using LME Prices and Base Metals News.|