Ferrum Identifies Potential New Mineralization at Moonlight Project

Ferrum Crescent Ltd. (ASX:FCR) announced the completion of a reverse-circulation drilling program at its Moonlight iron ore project in South Africa. The drilling revealed a new magnetic zone, and potentially a new area of mineralization.

Highlights include:

• First BFS Drill Programme Complete and Potential New Mineralisation Discovered, South Africa
• First BFS drilling programme concluded at Moonlight Iron Ore Project, South Africa
• All holes intersected magnetic zones across various depths
• Exploration results expected March 2015

Tom Revy, CEO of Ferrum, stated:

Following our decision to restart the Moonlight BFS at the end of 2014 I am delighted to see this phase of drilling completed ahead of schedule and under budget. Although not anticipated as part of the programme, we have also identified a new prospective area, an event that gives a clear indication of Moonlight’s upside outside of the established resource.

Click here for the full Ferrum Crescent Ltd. (ASX:FCR) press release