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Bellzone Mining PLC – Increase & upgrade of Kalia magnetite resource
Sep. 07, 2010 04:58PM PST
Base Metals Investing Bellzone Mining plc (LON:BZM), the iron ore and nickel/copper exploration company developing the Kalia Mine in the Republic of Guinea, West Africa, announced an upgrade and increase in the magnetite JORC resource from 2.4 billion tonnes to 3.74 billion tonnes on the central zone of the Kalia I deposit.
Bellzone Mining plc (LON:BZM), the iron ore and nickel/copper exploration company developing the Kalia Mine in the Republic of Guinea, West Africa, announced an upgrade and increase in the magnetite JORC resource from 2.4 billion tonnes to 3.74 billion tonnes on the central zone of the Kalia I deposit.
The press release is quoted as saying:
The Company’s flagship project, the Kalia Mine is being developed in terms of an approved Convention supported by Presidential Decree. Kalia Mine has a magnetite JORC resource of 3.74 billion tonnes, located on the Kalia I prospect. These results support internal estimates that the 39km Kalia Prospect has the potential to host more than 13 billion tonnes of magnetite and 2.9 billion tonnes of oxide at surface.